Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Equity

v3.25.3
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 52,094     52,094
Distributions paid to certificateholders (101,853)     (101,853)
Balance (in shares) at Sep. 30, 2024   75,000,000    
Balance at Sep. 30, 2024 1,044,063   1,952,120 (908,057)
Balance (in shares) at Jun. 30, 2024   75,000,000    
Balance at Jun. 30, 2024 1,063,955   1,952,120 (888,165)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 16,443     16,443
Distributions paid to certificateholders (36,335)     (36,335)
Balance (in shares) at Sep. 30, 2024   75,000,000    
Balance at Sep. 30, 2024 1,044,063   1,952,120 (908,057)
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 39,557     39,557
Distributions paid to certificateholders (98,504)     (98,504)
Balance (in shares) at Sep. 30, 2025   75,000,000    
Balance at Sep. 30, 2025 954,941   1,952,120 (997,179)
Balance (in shares) at Jun. 30, 2025   75,000,000    
Balance at Jun. 30, 2025 973,508   1,952,120 (978,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 1,290     1,290
Distributions paid to certificateholders (19,857)     (19,857)
Balance (in shares) at Sep. 30, 2025   75,000,000    
Balance at Sep. 30, 2025 $ 954,941   $ 1,952,120 $ (997,179)