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CONDENSED CONSOLIDATED BALANCE SHEETS - (Parenthetical) - USD ($)
Sep. 30, 2023
Feb. 22, 2023
Feb. 21, 2023
Dec. 31, 2022
Common stock, par value (in dollars per share) $ 0.01     $ 0.01
Common stock, shares authorized (in shares) 200,000,000 200,000,000 800,000,000 200,000,000
Common stock, shares, issued (in shares) 90,684,441     91,193,688
Common stock, shares outstanding (in shares) 90,684,441     91,193,688
Assets [1] $ 6,937,870,000     $ 6,240,745,000
Liabilities [1] 5,321,289,000     4,376,634,000
VIE, Primary Beneficiary        
Assets 3,822,228,000     4,261,097,000
Liabilities $ 3,092,097,000     $ 3,403,257,000
Preferred Stock, Series Shares        
Preferred stock, par value (in dollars per share) $ 0.01     $ 0.01
Preferred stock, shares authorized (in shares) 31,500,000     31,500,000
Preferred stock, shares issued (in shares) 22,164,414     22,284,994
Preferred stock, shares outstanding (in shares) 22,164,414     22,284,994
Preferred Stock, aggregate liquidation preference $ 554,110,000     $ 557,125,000
Consolidated SLST CDOs        
Carrying Value 584,741,000     634,495,000
Consolidated SLST CDOs | VIE, Primary Beneficiary        
Carrying Value 584,741,000     634,495,000
Residential collateralized debt obligations        
Carrying Value 1,318,131,000     1,468,222,000
Residential collateralized debt obligations | VIE, Primary Beneficiary        
Carrying Value $ 1,318,131,000     $ 1,468,222,000
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of September 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $3,822,228 and $4,261,097, respectively, and the liabilities of consolidated VIEs totaled $3,092,097 and $3,403,257, respectively. See Note 7 for further discussion.