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SHAREHOLDERS’ EQUITY | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS’ EQUITY | SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.27 per common share and Common Unit for the third quarter of 2025. This distribution was paid on October 16, 2025 to common shareholders and common unitholders of record as of October 9, 2025. For the nine months ended September 30, 2025, we declared cash distributions totaling $0.81 per common share and Common Unit. For the three and nine months ended September 30, 2024, we declared cash distributions of $0.26 and $0.76 per common share and Common Unit, respectively. Share Repurchase Program The Company has an existing share repurchase program under which it may repurchase, from time to time, up to a maximum of $300.0 million of its common shares (the “Share Repurchase Program”). The Company intends to fund any future repurchases under the Share Repurchase Program with cash on hand or availability under the Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements, and other factors. In January 2025, the Company extended the Share Repurchase Program for an additional year to February 28, 2026, if not terminated or extended prior to that date. During the three months ended September 30, 2025, the Company repurchased 3.1 million common shares at an average price per share of $22.36 for a total of $70.0 million. As of September 30, 2025, $230.0 million remained available for repurchases of common shares under the Company’s Share Repurchase Program.

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