Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Equity

v3.25.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Trust Certificates
Additional Paid-in Capital
Accumulated Distributions in Excess of Earnings
Balance (in shares) at Dec. 31, 2023   75,000,000    
Balance at Dec. 31, 2023 $ 1,093,822   $ 1,952,120 $ (858,298)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 35,651     35,651
Distributions paid to Certificateholders (65,518)     (65,518)
Balance (in shares) at Jun. 30, 2024   75,000,000    
Balance at Jun. 30, 2024 1,063,955   1,952,120 (888,165)
Balance (in shares) at Mar. 31, 2024   75,000,000    
Balance at Mar. 31, 2024 1,085,211   1,952,120 (866,909)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 17,883     17,883
Distributions paid to Certificateholders (39,139)     (39,139)
Balance (in shares) at Jun. 30, 2024   75,000,000    
Balance at Jun. 30, 2024 1,063,955   1,952,120 (888,165)
Balance (in shares) at Dec. 31, 2024   75,000,000    
Balance at Dec. 31, 2024 1,013,888   1,952,120 (938,232)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 38,267     38,267
Distributions paid to Certificateholders (78,647)     (78,647)
Balance (in shares) at Jun. 30, 2025   75,000,000    
Balance at Jun. 30, 2025 973,508   1,952,120 (978,612)
Balance (in shares) at Mar. 31, 2025   75,000,000    
Balance at Mar. 31, 2025 992,187   1,952,120 (959,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 22,216     22,216
Distributions paid to Certificateholders (40,895)     (40,895)
Balance (in shares) at Jun. 30, 2025   75,000,000    
Balance at Jun. 30, 2025 $ 973,508   $ 1,952,120 $ (978,612)