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Consolidated Statement of Changes in Equity - USD ($)
Total
Total Stockholder's Equity
Common Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Non-controlling Interest
Preferred Stock [Member]
Preferred Stock [Member]
Total Stockholder's Equity
Common Stock
Common Stock
Total Stockholder's Equity
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                        
Preferred Stock, Value, Outstanding $ 111,034,000                      
Beginning balance (in shares) at Dec. 31, 2020 43,781,684   43,781,684                  
Beginning balance at Dec. 31, 2020 $ 921,572,000 $ 885,215,000 $ 44,000 $ 915,658,000 $ (141,521,000) $ 36,357,000            
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 140,556,000 133,463,000     133,463,000 7,093,000            
Stock Issued During Period, Value, New Issues [1]             $ 115,905,000 $ 115,905,000 $ 244,775,000 $ 244,775,000 $ 14,000 $ 244,761,000
Shares Issued As Payment of Incentive Fee                 $ 1,241,000 1,241,000 0 1,241,000
Contributions from non-controlling interests [2] 15,998,000         15,998,000            
Dividends [2] (82,224,000) (81,104,000)     (81,104,000) (1,120,000)            
Dividends, Preferred Stock, Cash [3] (8,117,000) (8,117,000)     (8,117,000)              
Distributions to non-controlling interests $ (27,121,000)         (27,121,000)            
Stock issued during period, shares, conversion of units     (7,759)                  
Stock Issued During Period, Value, Conversion of Units   143,000   143,000   (143,000)            
Adjustment to non-controlling interests   (1,157,000)   (1,157,000)   1,157,000            
Repurchase of shares of common stock (in shares) 0                      
Share-based long term incentive plan unit awards $ 971,000 957,000   957,000   14,000            
Ending balance (in shares) at Dec. 31, 2021 57,458,169   57,458,169                  
Ending balance at Dec. 31, 2021 $ 1,323,556,000 1,291,321,000 $ 58,000 1,161,603,000 (97,279,000) 32,235,000            
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                        
Dividends declared (in usd per share) $ 1.64                      
Preferred Stock, Dividends Per Share, Declared $ 2.313365                      
Stock Issued During Period, Shares, New Issues 13,602,900               13,602,900 [1]      
Shares Issued As Payment of Incentive Fee, Shares 67,875               65,826      
Preferred Stock, Value, Outstanding $ 226,939,000                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (70,869,000) [4] (70,047,000)     (70,047,000) (822,000)            
Stock Issued During Period, Value, New Issues [1]             493,000 493,000 $ 99,151,000 99,151,000 6,000 99,145,000
Shares Issued As Payment of Incentive Fee                 $ 325,000 325,000 0 325,000
Contributions from non-controlling interests 13,315,000         13,315,000            
Dividends [2] (109,641,000) (108,263,000)     (108,263,000) (1,378,000)            
Dividends, Preferred Stock, Cash [3] (15,292,000) (15,292,000)     (15,292,000)              
Distributions to non-controlling interests $ (19,897,000)         (19,897,000)            
Stock issued during period, shares, conversion of units     (4,066)                  
Stock Issued During Period, Value, Conversion of Units   66,000   66,000   (66,000)            
Adjustment to non-controlling interests   (1,514,000)   (1,514,000)   1,514,000            
Repurchase of shares of common stock (in shares) 128,184   128,184                  
Repurchase of shares of common stock $ (1,659,000) (1,659,000)   (1,659,000)             0  
Share-based long term incentive plan unit awards $ 1,404,000 1,386,000   1,386,000   18,000            
Ending balance (in shares) at Dec. 31, 2022 63,812,215   63,812,215                  
Ending balance at Dec. 31, 2022 $ 1,220,886,000 1,195,967,000 $ 64,000 1,259,352,000 (290,881,000) 24,919,000            
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                        
Dividends declared (in usd per share) $ 1.80                      
Preferred Stock, Dividends Per Share, Declared $ 3.2500                      
Stock Issued During Period, Shares, New Issues 6,459,070               6,459,070 [1]      
Shares Issued As Payment of Incentive Fee, Shares 19,094               19,094      
Preferred Stock, Value, Outstanding $ 227,432,000                      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 87,898,000 84,084,000     84,084,000 3,814,000            
Stock Issued During Period, Value, New Issues [1],[5]             $ 128,119,000 $ 128,119,000 $ 266,033,000 $ 266,033,000 20,000 $ 266,013,000
Contributions from non-controlling interests 6,986,000         6,986,000            
Dividends [2] (124,839,000) (123,381,000)     (123,381,000) (1,458,000)            
Dividends, Preferred Stock, Cash [3] (23,182,000) (23,182,000)     (23,182,000)              
Distributions to non-controlling interests $ (15,194,000)         (15,194,000)            
Stock issued during period, shares, conversion of units     (90,919)                  
Stock Issued During Period, Value, Conversion of Units   1,295,000   1,295,000   (1,295,000)            
Adjustment to non-controlling interests   (754,000)   (754,000)   754,000            
Repurchase of shares of common stock (in shares) 1,084,336   1,084,336                  
Repurchase of shares of common stock $ (12,352,000) (12,352,000)   (12,351,000)             $ (1,000)  
Share-based long term incentive plan unit awards $ 1,257,000 1,242,000   1,242,000   15,000            
Ending balance (in shares) at Dec. 31, 2023 83,000,488   83,000,488                  
Ending balance at Dec. 31, 2023 $ 1,535,612,000 $ 1,517,071,000 $ 83,000 $ 1,514,797,000 $ (353,360,000) $ 18,541,000            
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                        
Dividends declared (in usd per share) $ 1.80                      
Preferred Stock, Dividends Per Share, Declared $ 6.3234425                      
Stock Issued During Period, Shares, New Issues 20,181,690               20,181,690 [1],[5]      
Shares Issued As Payment of Incentive Fee, Shares 0                      
Preferred Stock, Value, Outstanding $ 355,551,000                      
[1] Net of discounts and commissions and offering costs.
[2] For the years ended December 31, 2023, 2022, and 2021, dividends totaling $1.80, $1.80 and $1.64, respectively, per share of common stock and convertible unit outstanding were declared.
[3] For the years ended December 31, 2023, 2022, and 2021, dividends totaling $6.3234425, $3.2500, and $2.313365, respectively, per share of preferred stock were declared.
[4] Conformed to current period presentation.
[5] Includes issuance of stock to shareholders of Arlington Asset Investment Corp., resulting from a business combination. See Note 25, Business Combinations, for additional details.