Subsequent Events |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events | 12. Subsequent Events Credit Facility and Acquisition On October 1, 2026, the Company drew $33.0 million on the Credit Facility. Subsequent to the draw, the Company had $112.1 million in aggregate principal outstanding and a $2.0 million letter of credit outstanding under the Credit Facility. On October 2, 2026, the Company, through the OP, acquired the following property (dollars in thousands):
Share Repurchase Authorization On November 3, 2026, the Company announced that on October 26, 2026, the Board authorized the Company to repurchase an indeterminate number of shares of our common stock at an aggregate market value of up to $150.0 million during a two-year period that will expire on October 26, 2028.
Dividends Declared On October 26, 2026, the Company’s Board approved a quarterly dividend of $0.53 per share, payable on December 31, 2026 to stockholders of record on December 15, 2026. |
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