CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Mortgage-backed securities, at fair value (including pledged securities of $4,450,061 and $4,712,185, respectively; net of allowance for credit losses of $622 and $320, respectively)	$ 4,836,827	$ 5,045,306
U.S. Treasury securities, at fair value	0	11,214
Cash and cash equivalents	58,775	76,967
Restricted cash	124,667	121,670
Due from counterparties	1,279	0
Investment related receivable	35,599	26,604
Derivative assets, at fair value	8,991	939
Other assets	391	1,509
Total assets	5,066,529	5,284,209
Liabilities:
Repurchase agreements	4,260,475	4,458,695
Derivative liabilities, at fair value	1,525	0
Dividends payable	20,255	19,384
Accrued interest payable	20,536	15,787
Collateral held payable	0	2,475
Accounts payable and accrued expenses	1,306	1,296
Due to affiliate	3,216	3,907
Total liabilities	4,307,313	4,501,544
Commitments and contingencies (See Note 14):
Stockholders' equity:
Common Stock, par value $0.01 per share; 67,000,000 shares authorized, 50,637,604 and 48,460,626 shares issued and outstanding, respectively	506	484
Additional paid in capital	4,030,745	4,011,138
Accumulated other comprehensive income	648	698
Retained earnings (distributions in excess of earnings)	(3,552,964)	(3,518,143)
Total stockholders’ equity	759,216	782,665
Total liabilities and stockholders' equity	5,066,529	5,284,209
Series B Preferred Stock
Stockholders' equity:
Preferred stock, value	102,678	106,014
Series C Preferred Stock
Stockholders' equity:
Preferred stock, value	$ 177,603	$ 182,474