v3.26.3
Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Balance (in shares) at Dec. 31, 2024 4,800,000 48,912,293          
Balance at Dec. 31, 2024 $ 48 $ 489 $ 1,046,812 $ (289,130) $ 758,219 $ 33,778 $ 791,997
Issuance of common shares, net of offering costs (in shares) 0 5,842          
Issuance of common shares, net of offering costs $ 0 $ 0 43 0 43 0 43
Repurchase of common shares (in shares) 0 (276,225)          
Repurchase of common shares $ 0 $ (3) (1,978) 0 (1,981) 0 (1,981)
Amortization of share-based compensation 0 0 27 0 27 4,317 4,344
Dividends declared on common shares 0 0 0 (13,206) (13,206) 0 (13,206)
Distributions declared on LTIP units 0 0 0 0 0 (967) (967)
Dividends accrued on preferred shares 0 0 0 (5,962) (5,962) 0 (5,962)
Net income $ 0 $ 0 0 10,441 10,441 163 10,604
Balance (in shares) at Sep. 30, 2025 4,800,000 48,744,901          
Balance at Sep. 30, 2025 $ 48 $ 487 1,046,762 (297,857) 749,440 36,043 785,483
Issuance of restricted time-based shares (in shares) 0 8,044          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 61,551          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 562 0 563 0 563
Conversion of LTIP units to common shares (in shares) 0 33,396          
Conversion of LTIP units to common shares $ 0 $ 0 533 0 533   0
Conversion of LTIP units to common shares           (533)  
Forfeited distributions declared on LTIP units 0 0 0 0 0 48 48
Reallocation of noncontrolling interest $ 0 $ 0 763 0 763 (763) 0
Balance (in shares) at Jun. 30, 2025 4,800,000 48,997,996          
Balance at Jun. 30, 2025 $ 48 $ 490 1,048,566 (295,014) 754,090 34,879 788,969
Issuance of common shares, net of offering costs (in shares) 0 2,118          
Issuance of common shares, net of offering costs $ 0 $ 0 15 0 15 0 15
Repurchase of common shares (in shares) 0 (255,213)          
Repurchase of common shares $ 0 $ (3) (1,829) 0 (1,832) 0 (1,832)
Amortization of share-based compensation 0 0 10 0 10 1,429 1,439
Dividends declared on common shares 0 0 0 (4,387) (4,387) 0 (4,387)
Distributions declared on LTIP units 0 0 0 0 0 (321) (321)
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Net income $ 0 $ 0 0 3,531 3,531 56 3,587
Balance (in shares) at Sep. 30, 2025 4,800,000 48,744,901          
Balance at Sep. 30, 2025 $ 48 $ 487 1,046,762 (297,857) 749,440 36,043 785,483
Balance (in shares) at Dec. 31, 2025 4,800,000 47,708,587          
Balance at Dec. 31, 2025 $ 48 $ 477 1,039,804 (299,527) 740,802 37,247 778,049
Issuance of common shares, net of offering costs (in shares) 0 3,820          
Issuance of common shares, net of offering costs $ 0 $ 0 35 0 35 0 35
Repurchase of common shares (in shares) 0 (1,216,672)          
Repurchase of common shares $ 0 $ (12) (9,464) 0 (9,476) 0 (9,476)
Amortization of share-based compensation 0 0 39 0 39 4,179 4,218
Dividends declared on common shares 0 0 0 (14,000) (14,000) 0 (14,000)
Distributions declared on LTIP units 0 0 0 0 0 (1,195) (1,195)
Dividends accrued on preferred shares 0 0 0 (5,962) (5,962) 0 (5,962)
Net income $ 0 $ 0 0 11,160 11,160 210 11,370
Balance (in shares) at Sep. 30, 2026 4,800,000 46,570,867          
Balance at Sep. 30, 2026 $ 48 $ 466 1,030,137 (308,329) 722,322 41,355 763,677
Issuance of restricted time-based shares (in shares) 0 13,433          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 61,699          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 427 0 428 0 428
Forfeited distributions declared on LTIP units 0 0 0 0 0 210 210
Reallocation of noncontrolling interest $ 0 $ 0 (704) 0 (704) 704 0
Balance (in shares) at Jun. 30, 2026 4,800,000 46,565,171          
Balance at Jun. 30, 2026 $ 48 $ 466 1,030,114 (308,939) 721,689 40,164 761,853
Issuance of common shares, net of offering costs (in shares) 0 696          
Issuance of common shares, net of offering costs $ 0 $ 0 9 0 9 0 9
Amortization of share-based compensation 0 0 14 0 14 1,382 1,396
Dividends declared on common shares 0 0 0 (4,658) (4,658) 0 (4,658)
Distributions declared on LTIP units 0 0 0 0 0 (398) (398)
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Net income $ 0 $ 0 0 7,255 7,255 207 7,462
Balance (in shares) at Sep. 30, 2026 4,800,000 46,570,867          
Balance at Sep. 30, 2026 $ 48 $ 466 1,030,137 (308,329) 722,322 41,355 763,677
Issuance of restricted time-based shares (in shares) 0 5,000          
Issuance of restricted time-based shares $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0