Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Net Assets

v3.24.3
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period (in shares)     84,830,679       84,830,679  
Balance as of beginning of period $ 2,578,956 $ 2,515,970 $ 2,477,399 $ 2,254,948 $ 2,172,922 $ 2,108,586 $ 2,477,399 $ 2,108,586
Public offering of common stock, net of offering costs 65,760 42,217 5,696 81,060 43,204 40,896    
Share‑based compensation 4,868 4,883 4,103 4,164 4,087 4,100    
Purchase of vested stock for employee payroll tax withholding   (7,322) (14)   (5,546) (404)    
Dividend reinvestment (in shares)             552,691 574,323
Dividend reinvestment 9,301 8,788 8,441 8,103 6,880 7,808 $ 26,530 $ 22,791
Amortization of directors’ deferred compensation 108 106 102 102 109 121    
Issuance of restricted stock, net of forfeited shares   0     0      
Dividends to stockholders (90,746) (88,374) (86,904) (80,831) (73,224) (67,777)    
Net increase in net assets resulting from operations $ 124,007 102,688 107,147 103,261 106,516 79,592 $ 333,847 289,366
Balance as of ending of period (in shares) 88,057,324           88,057,324  
Balance as of ending of period $ 2,692,254 $ 2,578,956 $ 2,515,970 $ 2,370,807 $ 2,254,948 $ 2,172,922 $ 2,692,254 $ 2,370,807
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period (in shares) 86,552,506 85,163,633 84,833,002 81,431,006 79,794,089 78,506,816 84,833,002 78,506,816
Balance as of beginning of period $ 865 $ 851 $ 848 $ 814 $ 797 $ 784 $ 848 $ 784
Public offering of common stock, net of offering costs (in shares) 1,323,754 874,309 128,942 2,039,641 1,096,514 1,058,914    
Public offering of common stock, net of offering costs $ 13 $ 9 $ 1 $ 20 $ 11 $ 11    
Purchase of vested stock for employee payroll tax withholding (in shares) (3) (154,751) (295)   (140,569) (10,489)    
Purchase of vested stock for employee payroll tax withholding   $ (2)     $ (1)      
Dividend reinvestment (in shares) 186,195 179,511 186,985 200,150 174,891 199,282    
Dividend reinvestment $ 2 $ 2 $ 2 $ 2 $ 2 $ 2    
Issuance of restricted stock, net of forfeited shares (in shares) (2,665) 489,804 14,999 6,691 506,081 39,566    
Issuance of restricted stock, net of forfeited shares   $ 5     $ 5      
Balance as of ending of period (in shares) 88,059,787 86,552,506 85,163,633 83,677,488 81,431,006 79,794,089 88,059,787 83,677,488
Balance as of ending of period $ 880 $ 865 $ 851 $ 836 $ 814 $ 797 $ 880 $ 836
Additional Paid-In Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period 2,337,879 2,289,042 2,270,549 2,132,041 2,083,175 2,030,531 2,270,549 2,030,531
Public offering of common stock, net of offering costs 65,747 42,208 5,695 81,040 43,193 40,885    
Share‑based compensation 4,868 4,883 4,103 4,164 4,087 4,100    
Purchase of vested stock for employee payroll tax withholding   (7,320) (14)   (5,545) (404)    
Dividend reinvestment 9,299 8,786 8,439 8,101 6,878 7,806    
Amortization of directors’ deferred compensation 108 106 102 102 109 121    
Issuance of restricted stock, net of forfeited shares   (5)     (5)      
Dividends to stockholders 188 179 168 166 149 136    
Balance as of ending of period 2,418,089 2,337,879 2,289,042 2,225,614 2,132,041 2,083,175 2,418,089 2,225,614
Total Undistributed (Overdistributed) Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period 240,212 226,077 206,002 122,093 88,950 77,271 206,002 77,271
Dividends to stockholders (90,934) (88,553) (87,072) (80,997) (73,373) (67,913)    
Net increase in net assets resulting from operations 124,007 102,688 107,147 103,261 106,516 79,592    
Balance as of ending of period $ 273,285 $ 240,212 $ 226,077 $ 144,357 $ 122,093 $ 88,950 $ 273,285 $ 144,357