Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Changes in Net Assets

v3.25.3
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period (in shares)     88,398,713       88,398,713  
Balance as of beginning of period $ 2,884,217 $ 2,840,133 $ 2,797,838 $ 2,578,956 $ 2,515,970 $ 2,477,399 $ 2,797,838 $ 2,477,399
Public offering of common stock, net of offering costs 6,859 10,833 5,198 65,760 42,217 5,696    
Share‑based compensation 5,433 5,416 4,842 4,868 4,883 4,103    
Purchase of vested stock for employee payroll tax withholding (4) (10,015)     (7,322) (14)    
Dividend reinvestment (in shares)             471,425 552,691
Dividend reinvestment 9,586 9,379 9,087 9,301 8,788 8,441 $ 28,052 $ 26,530
Amortization of directors’ deferred compensation 91 97 108 108 106 102    
Issuance of restricted stock, net of forfeited shares   0     0      
Net increase in net assets resulting from operations 123,671 122,534 116,082 124,007 102,688 107,147 $ 362,287 333,847
Dividends to stockholders $ (95,278) (94,160) (93,022) (90,746) (88,374) (86,904)    
Balance as of ending of period (in shares) 89,536,504           89,536,504  
Balance as of ending of period $ 2,934,575 $ 2,884,217 $ 2,840,133 $ 2,692,254 $ 2,578,956 $ 2,515,970 $ 2,934,575 $ 2,692,254
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period (in shares) 89,282,595 88,659,597 88,400,391 86,552,506 85,163,633 84,833,002 88,400,391 84,833,002
Balance as of beginning of period $ 893 $ 887 $ 884 $ 865 $ 851 $ 848 $ 884 $ 848
Public offering of common stock, net of offering costs (in shares) 111,941 195,454 89,091 1,323,754 874,309 128,942    
Public offering of common stock, net of offering costs $ 1 $ 2 $ 1 $ 13 $ 9 $ 1    
Purchase of vested stock for employee payroll tax withholding (in shares) (66) (177,024)   (3) (154,751) (295)    
Purchase of vested stock for employee payroll tax withholding   $ (2)     $ (2)      
Dividend reinvestment (in shares) 146,971 167,705 156,749 186,195 179,511 186,985    
Dividend reinvestment $ 1 $ 2 $ 2 $ 2 $ 2 $ 2    
Issuance of restricted stock, net of forfeited shares (in shares) (4,937) 436,863 13,366 (2,665) 489,804 14,999    
Issuance of restricted stock, net of forfeited shares   $ 4     $ 5      
Balance as of ending of period (in shares) 89,536,504 89,282,595 88,659,597 88,059,787 86,552,506 85,163,633 89,536,504 88,059,787
Balance as of ending of period $ 895 $ 893 $ 887 $ 880 $ 865 $ 851 $ 895 $ 880
Additional Paid-In Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period 2,429,817 2,413,914 2,394,492 2,337,879 2,289,042 2,270,549 2,394,492 2,270,549
Public offering of common stock, net of offering costs 6,858 10,831 5,197 65,747 42,208 5,695    
Share‑based compensation 5,433 5,416 4,842 4,868 4,883 4,103    
Purchase of vested stock for employee payroll tax withholding (4) (10,013)     (7,320) (14)    
Dividend reinvestment 9,585 9,377 9,085 9,299 8,786 8,439    
Amortization of directors’ deferred compensation 91 97 108 108 106 102    
Issuance of restricted stock, net of forfeited shares   (4)     (5)      
Dividends to stockholders 207 199 190 188 179 168    
Balance as of ending of period 2,451,987 2,429,817 2,413,914 2,418,089 2,337,879 2,289,042 2,451,987 2,418,089
Total Undistributed Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period 453,507 425,332 402,462 240,212 226,077 206,002 402,462 206,002
Net increase in net assets resulting from operations 123,671 122,534 116,082 124,007 102,688 107,147    
Dividends to stockholders (95,485) (94,359) (93,212) (90,934) (88,553) (87,072)    
Balance as of ending of period $ 481,693 $ 453,507 $ 425,332 $ 273,285 $ 240,212 $ 226,077 $ 481,693 $ 273,285