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v3.25.1

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Common stock, shares authorized (in shares) | 874,300 | 874,300
Common stock, shares issued (in shares) | 102,653 | 102,083
Common stock, shares outstanding (in shares) | 102,653 | 102,083
Series B Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, dividend rate (as a percent) | 7.50% | 7.50%
Preferred stock, shares authorized (in shares) | 8,050 | 8,050
Preferred stock, shares issued (in shares) | 8,000 | 8,000
Preferred stock, shares outstanding (in shares) | 8,000 | 8,000
Preferred stock, liquidation preference, value | $ 200,000 | $ 200,000
Series C Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, dividend rate (as a percent) | 6.50% | 6.50%
Preferred stock, shares authorized (in shares) | 12,650 | 12,650
Preferred stock, shares issued (in shares) | 11,000 | 11,000
Preferred stock, shares outstanding (in shares) | 11,000 | 11,000
Preferred stock, liquidation preference, value | $ 275,000 | $ 275,000
Asset Pledged as Collateral |  |
Financing agreements held at fair value | 5,512,962 | 5,516,005
Residential whole loans |  |
Securities, at fair value | 7,532,067 | 7,511,210
Non-Agency MBS Transferred to Consolidated VIEs |  |
Residential whole loans transferred to consolidated VIEs | $ 7,000,000 | $ 6,900,000

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