v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid In Capital
Cumulative Net Income
Cumulative Distributions
Beginning balance (in shares) at Dec. 31, 2024   14,903,000      
Beginning balance at Dec. 31, 2024 $ 269,278 $ 15 $ 240,425 $ 89,480 $ (60,642)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share grants (in shares)   5,000      
Share grants 356   356    
Share repurchases (in shares)   (1,000)      
Share repurchases (5)   (5)    
Net income (loss) 4,532     4,532  
Distributions (5,216)       (5,216)
Ending balance (in shares) at Mar. 31, 2025   14,907,000      
Ending balance at Mar. 31, 2025 268,945 $ 15 240,776 94,012 (65,858)
Beginning balance (in shares) at Dec. 31, 2024   14,903,000      
Beginning balance at Dec. 31, 2024 269,278 $ 15 240,425 89,480 (60,642)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 7,210        
Ending balance (in shares) at Jun. 30, 2025   14,944,000      
Ending balance at Jun. 30, 2025 267,020 $ 15 241,390 96,690 (71,075)
Beginning balance (in shares) at Mar. 31, 2025   14,907,000      
Beginning balance at Mar. 31, 2025 268,945 $ 15 240,776 94,012 (65,858)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share grants (in shares)   42,000      
Share grants 677   677    
Share repurchases (in shares)   (5,000)      
Share repurchases (63)   (63)    
Net income (loss) 2,678     2,678  
Distributions (5,217)       (5,217)
Ending balance (in shares) at Jun. 30, 2025   14,944,000      
Ending balance at Jun. 30, 2025 $ 267,020 $ 15 241,390 96,690 (71,075)
Beginning balance (in shares) at Dec. 31, 2025 22,584,285 22,584,000      
Beginning balance at Dec. 31, 2025 $ 328,651 $ 23 303,191 104,914 (79,477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of shares, net (in shares)   13,000      
Issuance of shares, net 73   73    
Share grants 207   207    
Share repurchases (in shares)   (1,000)      
Share repurchases (7)   (7)    
Net income (loss) 4,385     4,385  
Distributions (6,327)       (6,327)
Ending balance (in shares) at Mar. 31, 2026   22,596,000      
Ending balance at Mar. 31, 2026 $ 326,982 $ 23 303,464 109,299 (85,804)
Beginning balance (in shares) at Dec. 31, 2025 22,584,285 22,584,000      
Beginning balance at Dec. 31, 2025 $ 328,651 $ 23 303,191 104,914 (79,477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share repurchases (in shares) (1,472)        
Share repurchases $ (13)        
Net income (loss) 3,518        
Distributions $ (12,654)        
Ending balance (in shares) at Jun. 30, 2026 22,665,251 22,665,000      
Ending balance at Jun. 30, 2026 $ 320,673 $ 23 304,349 108,432 (92,131)
Beginning balance (in shares) at Mar. 31, 2026   22,596,000      
Beginning balance at Mar. 31, 2026 326,982 $ 23 303,464 109,299 (85,804)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share grants (in shares)   70,000      
Share grants 891   891    
Share repurchases (in shares)   (1,000)      
Share repurchases (6)   (6)    
Net income (loss) (867)     (867)  
Distributions $ (6,327)       (6,327)
Ending balance (in shares) at Jun. 30, 2026 22,665,251 22,665,000      
Ending balance at Jun. 30, 2026 $ 320,673 $ 23 $ 304,349 $ 108,432 $ (92,131)