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, 2024   42,679,569           3,359,593  
Beginning of period at Dec. 31, 2024 $ 833,538 $ 43 $ 1,039,280 $ (202,818) $ (2,970)     $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation expense (in shares)   358,173              
Stock-based compensation expense 2,153   2,153            
Shares issued to Adviser for admin and advisory fees (in shares)   556,436              
Shares issued to Adviser for admin and advisory fees 2,894 $ 1 2,893            
Net income attributable to common shareholders (79,569)     (79,569)          
Net income attributable to Series A preferred shareholders (1,945)       (1,945)   $ 2,310   $ 2,310
Common stock dividends/distributions declared (in shares)   2,743,158              
Common stock dividends/distributions declared (3,145) $ 2 10,636 (13,783)          
Series A preferred distributions declared (2,310)     (2,310)          
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 Jun. 30, 2025   47,421,929           3,359,593  
End of period at Jun. 30, 2025 752,708 $ 47 1,048,828 (296,170)       $ 3  
Beginning balances (in shares) at Mar. 31, 2025   44,517,013           3,359,593  
Beginning of period at Mar. 31, 2025 797,800 $ 45 1,046,414 (243,747) (4,915)     $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation expense (in shares)   114,604              
Stock-based compensation expense 1,671   1,671            
Shares issued to Adviser for admin and advisory fees (in shares)   298,883              
Shares issued to Adviser for admin and advisory fees 1,392 $ 1 1,391            
Net income attributable to common shareholders (45,251)     (45,251)          
Net income attributable to Series A preferred shareholders             1,155   1,155
Common stock dividends/distributions declared (in shares)   1,406,836              
Common stock dividends/distributions declared (1,686)   5,486 (7,172)          
Series A preferred distributions declared (1,155)     (1,155)          
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 Jun. 30, 2025   47,421,929           3,359,593  
End of period at Jun. 30, 2025 752,708 $ 47 1,048,828 (296,170)       $ 3  
Beginning balances (in shares) at Dec. 31, 2025   50,132,605           3,359,593  
Beginning of period at Dec. 31, 2025 700,091 $ 50 1,062,114 (362,076)       $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation expense (in shares)   583,291              
Stock-based compensation expense 1,518 $ 1 1,517            
Shares issued to Adviser for admin and advisory fees (in shares)   212,863              
Shares issued to Adviser for admin and advisory fees 894   894            
Net income attributable to common shareholders (22,909)     (22,909)          
Net income attributable to Series A preferred shareholders             2,310   2,310
Repurchases of common stock (2,765)         $ (2,765)      
Retirement of common stock held in treasury (in shares)   (624,920)              
Retirement of common stock held in treasury   $ (1) (2,764)     2,765      
Common stock dividends/distributions declared (in shares)   2,802,188              
Common stock dividends/distributions declared (3,831) $ 3 12,208 (16,042)          
Series A preferred distributions declared (2,310)     (2,310)          
Ending balances (in shares) at Jun. 30, 2026   53,106,027           3,359,593  
End of period at Jun. 30, 2026 672,998 $ 53 1,073,969 (401,027)       $ 3  
Beginning balances (in shares) at Mar. 31, 2026   51,650,102           3,359,593  
Beginning of period at Mar. 31, 2026 674,650 $ 52 1,068,562 (392,957)   (1,010)   $ 3  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation expense (in shares)   414,093              
Stock-based compensation expense 727 $ 1 726            
Net income attributable to common shareholders 61     61          
Net income attributable to Series A preferred shareholders             $ 1,155   $ 1,155
Repurchases of common stock (515)         (515)      
Retirement of common stock held in treasury (in shares)   (329,844)              
Retirement of common stock held in treasury   $ (1) (1,524)     $ 1,525      
Common stock dividends/distributions declared (in shares)   1,371,676              
Common stock dividends/distributions declared (1,925) $ 1 6,205 (8,131)          
Series A preferred distributions declared (1,155)     (1,155)          
Ending balances (in shares) at Jun. 30, 2026   53,106,027           3,359,593  
End of period at Jun. 30, 2026 $ 672,998 $ 53 $ 1,073,969 $ (401,027)       $ 3