v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid In Capital
Cumulative Net Income (Loss)
Cumulative Common Distributions
Beginning balance (in shares) at Dec. 31, 2023   48,755,415      
Beginning balance at Dec. 31, 2023 $ 1,255,679 $ 488 $ 2,621,493 $ 100,174 $ (1,466,476)
Increase (Decrease) in Shareholders' Equity          
Common share grants 362   362    
Common share forfeitures and repurchases (in shares)   (869)      
Common share forfeitures and repurchases (6)   (6)    
Net (loss) income (5,184)     (5,184)  
Distributions to common shareholders (487)       (487)
Ending balance (in shares) at Mar. 31, 2024   48,754,546      
Ending balance at Mar. 31, 2024 1,250,364 $ 488 2,621,849 94,990 (1,466,963)
Beginning balance (in shares) at Dec. 31, 2023   48,755,415      
Beginning balance at Dec. 31, 2023 1,255,679 $ 488 2,621,493 100,174 (1,466,476)
Increase (Decrease) in Shareholders' Equity          
Net (loss) income 12,573        
Ending balance (in shares) at Sep. 30, 2024   53,910,981      
Ending balance at Sep. 30, 2024 1,278,586 $ 539 2,633,253 112,747 (1,467,953)
Beginning balance (in shares) at Mar. 31, 2024   48,754,546      
Beginning balance at Mar. 31, 2024 1,250,364 $ 488 2,621,849 94,990 (1,466,963)
Increase (Decrease) in Shareholders' Equity          
Issuance of common shares, net (in shares)   1,406,952      
Issuance of common shares, net 3,180 $ 14 3,166    
Common share grants (in shares)   104,643      
Common share grants 487 $ 1 486    
Common share forfeitures and repurchases (in shares)   (7,505)      
Common share forfeitures and repurchases (15)   (15)    
Net (loss) income 76,171     76,171  
Distributions to common shareholders (488)       (488)
Ending balance (in shares) at Jun. 30, 2024   50,258,636      
Ending balance at Jun. 30, 2024 1,329,699 $ 503 2,625,486 171,161 (1,467,451)
Increase (Decrease) in Shareholders' Equity          
Issuance of common shares, net (in shares)   3,184,432      
Issuance of common shares, net 7,448 $ 32 7,416    
Common share grants (in shares)   544,555      
Common share grants 525 $ 5 520    
Common share forfeitures and repurchases (in shares)   (76,642)      
Common share forfeitures and repurchases (170) $ (1) (169)    
Net (loss) income (58,414)     (58,414)  
Distributions to common shareholders (502)       (502)
Ending balance (in shares) at Sep. 30, 2024   53,910,981      
Ending balance at Sep. 30, 2024 1,278,586 $ 539 2,633,253 112,747 (1,467,953)
Beginning balance (in shares) at Dec. 31, 2024   69,824,743      
Beginning balance at Dec. 31, 2024 1,152,804 $ 698 2,656,548 (35,933) (1,468,509)
Increase (Decrease) in Shareholders' Equity          
Issuance of common shares, net (in shares)   238,343      
Issuance of common shares, net 145 $ 3 142    
Common share grants 279   279    
Net (loss) income (45,867)     (45,867)  
Distributions to common shareholders (698)       (698)
Ending balance (in shares) at Mar. 31, 2025   70,063,086      
Ending balance at Mar. 31, 2025 1,106,663 $ 701 2,656,969 (81,800) (1,469,207)
Beginning balance (in shares) at Dec. 31, 2024   69,824,743      
Beginning balance at Dec. 31, 2024 1,152,804 $ 698 2,656,548 (35,933) (1,468,509)
Increase (Decrease) in Shareholders' Equity          
Net (loss) income (153,392)        
Ending balance (in shares) at Sep. 30, 2025   73,943,439      
Ending balance at Sep. 30, 2025 999,800 $ 739 2,658,302 (189,325) (1,469,916)
Beginning balance (in shares) at Mar. 31, 2025   70,063,086      
Beginning balance at Mar. 31, 2025 1,106,663 $ 701 2,656,969 (81,800) (1,469,207)
Increase (Decrease) in Shareholders' Equity          
Issuance of common shares, net (in shares)   3,933,346      
Issuance of common shares, net 961 $ 39 922    
Common share grants 205   205    
Common share forfeitures and repurchases (in shares)   (20,242)      
Common share forfeitures and repurchases (6)   (6)    
Net (loss) income (41,186)     (41,186)  
Distributions to common shareholders (709)       (709)
Ending balance (in shares) at Jun. 30, 2025   73,976,190      
Ending balance at Jun. 30, 2025 1,065,928 $ 740 2,658,090 (122,986) (1,469,916)
Increase (Decrease) in Shareholders' Equity          
Common share grants 238   238    
Common share forfeitures and repurchases (in shares)   (32,751)      
Common share forfeitures and repurchases (27) $ (1) (26)    
Net (loss) income (66,339)     (66,339)  
Ending balance (in shares) at Sep. 30, 2025   73,943,439      
Ending balance at Sep. 30, 2025 $ 999,800 $ 739 $ 2,658,302 $ (189,325) $ (1,469,916)