v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid in Capital
Cumulative Net Income
Accumulated Other Comprehensive Income
Cumulative Dividends
Beginning balance (in shares) at Dec. 31, 2024   0          
Beginning balance at Dec. 31, 2024 $ 475,965 $ 0 $ 282 $ 704,524 $ 85,675 $ 17,631 $ (332,147)
Balance, beginning of period (in shares) at Dec. 31, 2024 28,242,000   28,242,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance costs on stock-based compensation $ (121)     (121)      
Stock-based compensation, net of forfeitures (in shares)     228,000        
Stock-based compensation, net of forfeitures 9,832   $ 2 9,830      
Shares withheld on vesting of stock-based compensation (in shares)     (102,000)        
Shares withheld on vesting of stock-based compensation (1,735)     (1,735)      
(Decrease) Increase in fair value of cash flow hedges (4,876)         (4,876)  
Reclassification for amounts recognized as interest expense (3,634)         (3,634)  
Net income (loss) (10,966)       (10,966)    
Dividends to common stockholders (26,645)           (26,645)
Ending balance (in shares) at Jun. 30, 2025   0          
Ending balance at Jun. 30, 2025 437,820 $ 0 $ 284 712,498 74,709 9,121 (358,792)
Balance, end of period (in shares) at Jun. 30, 2025     28,368,000        
Beginning balance (in shares) at Mar. 31, 2025   0          
Beginning balance at Mar. 31, 2025 461,321 $ 0 $ 283 706,776 87,266 12,402 (345,406)
Balance, beginning of period (in shares) at Mar. 31, 2025     28,339,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance costs on stock-based compensation (84)     (84)      
Stock-based compensation, net of forfeitures (in shares)     109,000        
Stock-based compensation, net of forfeitures 7,122   $ 1 7,121      
Shares withheld on vesting of stock-based compensation (in shares)     (80,000)        
Shares withheld on vesting of stock-based compensation (1,315)     (1,315)      
(Decrease) Increase in fair value of cash flow hedges (1,463)         (1,463)  
Reclassification for amounts recognized as interest expense (1,818)         (1,818)  
Net income (loss) (12,557)       (12,557)    
Dividends to common stockholders (13,386)           (13,386)
Ending balance (in shares) at Jun. 30, 2025   0          
Ending balance at Jun. 30, 2025 $ 437,820 $ 0 $ 284 712,498 74,709 9,121 (358,792)
Balance, end of period (in shares) at Jun. 30, 2025     28,368,000        
Beginning balance (in shares) at Dec. 31, 2025 0 0          
Beginning balance at Dec. 31, 2025 $ 429,387 $ 0 $ 285 717,450 90,777 6,691 (385,816)
Balance, beginning of period (in shares) at Dec. 31, 2025 28,471,000   28,471,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance costs on stock-based compensation $ (85)     (85)      
Stock-based compensation, net of forfeitures (in shares)     208,000        
Stock-based compensation, net of forfeitures 5,489   $ 2 5,487      
Shares withheld on vesting of stock-based compensation (in shares)     (24,000)        
Shares withheld on vesting of stock-based compensation (398)     (398)      
(Decrease) Increase in fair value of cash flow hedges 4,494         4,494  
Reclassification for amounts recognized as interest expense (2,138)         (2,138)  
Net income (loss) 4,912       4,912    
Dividends to common stockholders $ (27,419)           (27,419)
Ending balance (in shares) at Jun. 30, 2026 0 0          
Ending balance at Jun. 30, 2026 $ 414,242 $ 0 $ 287 722,454 95,689 9,047 (413,235)
Balance, end of period (in shares) at Jun. 30, 2026 28,655,000   28,655,000        
Beginning balance (in shares) at Mar. 31, 2026   0          
Beginning balance at Mar. 31, 2026 $ 421,343 $ 0 $ 286 719,819 93,325 7,395 (399,482)
Balance, beginning of period (in shares) at Mar. 31, 2026     28,572,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance costs on stock-based compensation (42)     (42)      
Stock-based compensation, net of forfeitures (in shares)     89,000        
Stock-based compensation, net of forfeitures 2,778   $ 1 2,777      
Shares withheld on vesting of stock-based compensation (in shares)     (6,000)        
Shares withheld on vesting of stock-based compensation (100)     (100)      
(Decrease) Increase in fair value of cash flow hedges 2,571         2,571  
Reclassification for amounts recognized as interest expense (919)         (919)  
Net income (loss) 2,364       2,364    
Dividends to common stockholders $ (13,753)           (13,753)
Ending balance (in shares) at Jun. 30, 2026 0 0          
Ending balance at Jun. 30, 2026 $ 414,242 $ 0 $ 287 $ 722,454 $ 95,689 $ 9,047 $ (413,235)
Balance, end of period (in shares) at Jun. 30, 2026 28,655,000   28,655,000