v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Accumulated Earnings (Loss) Less Dividends
Noncontrolling Interests
Common Stock Held in Treasury at Cost
Series A Preferred Shares
Series A Preferred Shares
Series A Preferred Shares
Series A Preferred Shares
Accumulated Earnings (Loss) Less Dividends
Beginning balances (in shares) at Dec. 31, 2023   38,389,600           3,359,593  
Beginning of period at Dec. 31, 2023 $ 885,074 $ 38 $ 1,011,613 $ (126,580) $ 0     $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Noncontrolling interests from NHT Acquisition 6,873       6,873        
Stock-based compensation expense (in shares)   145,433              
Stock-based compensation expense 2,808   2,808            
Shares issued to Adviser for admin and advisory fees (in shares)   867,627              
Shares issued to Adviser for admin and advisory fees 5,545 $ 1 5,544            
Net loss attributable to common shareholders (51,349)     (51,349)          
Net income (loss) (9,843)       (9,843)   $ 4,619   $ 4,619
Common stock distributions declared (in shares)   3,276,909              
Common stock distributions declared (5,570) $ 4 19,315 (24,889)          
Series A preferred stock distributions declared (4,619)     (4,619)          
Ending balances (in shares) at Dec. 31, 2024   42,679,569           3,359,593  
End of period at Dec. 31, 2024 833,538 $ 43 1,039,280 (202,818) (2,970) $ 0   $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation expense (in shares)   358,173              
Stock-based compensation expense 4,349   4,349            
Shares issued to Adviser for admin and advisory fees (in shares)   937,026              
Shares issued to Adviser for admin and advisory fees 4,320 $ 1 4,319            
Net loss attributable to common shareholders (130,192)     (130,192)          
Net income (loss) (1,945)       (1,945)   $ 4,619   $ 4,619
Repurchases of common stock (1,885)         (1,885)      
Retirement of common stock held in treasury (in shares)   (562,157)              
Retirement of common stock held in treasury (1) $ (1) (1,885)     1,885      
Common stock distributions declared (in shares)   5,635,401              
Common stock distributions declared (6,875) $ 6 22,185 (29,066)          
Series A preferred stock distributions declared (4,619)     (4,619)          
Acquisition of noncontrolling interests in NHT (in shares)   1,084,593              
Acquisition of noncontrolling interests in NHT (1,218) $ 1 (6,134)   4,915        
Ending balances (in shares) at Dec. 31, 2025   50,132,605           3,359,593  
End of period at Dec. 31, 2025 $ 700,091 $ 50 $ 1,062,114 $ (362,076) $ 0 $ 0   $ 3