Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Equity

v3.26.1
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, 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)
Balance (in shares) at Dec. 31, 2025   75,000,000    
Balance at Dec. 31, 2025 932,564   1,952,120 (1,019,556)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 26,175     26,175
Distributions paid to certificateholders (38,774)     (38,774)
Balance (in shares) at Jun. 30, 2026   75,000,000    
Balance at Jun. 30, 2026 919,965   1,952,120 (1,032,155)
Balance (in shares) at Mar. 31, 2026   75,000,000    
Balance at Mar. 31, 2026 924,681   1,952,120 (1,027,439)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 14,712     14,712
Distributions paid to certificateholders (19,428)     (19,428)
Balance (in shares) at Jun. 30, 2026   75,000,000    
Balance at Jun. 30, 2026 $ 919,965   $ 1,952,120 $ (1,032,155)