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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company's provision for income taxes for the years ended December 31, 2024, 2023 and 2022 is summarized as follows:

			2024						2023						2022
Current:
Federal			$	—					$	—					$	—
State and local			50						(774)						(1,120)
Deferred federal			77						71						18
Total			$	127					$	(703)					$	(1,102)

Statutory Accounting Practices Disclosure

The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pre-tax operating income as follows:

			2024						2023						2022
Federal provision at statutory tax rate (21%)			$	77					$	71					$	18
State and local taxes, net of federal benefit			—						—						—
Other			50						(774)						(1,120)
Total			$	127					$	(703)					$	(1,102)

Summary of Average Taxable Nature of Dividends

A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2024, is as follows:

			2024						2023						2022
Total dividends per share			$	0.52					$	0.50					$	0.48
Ordinary income			55.65		%				71.67		%				81.26		%
Qualifying dividend			—		%				—		%				—		%
Capital gain			41.58		%				—		%				—		%
Return of capital			2.77		%				28.33		%				18.74		%
			100.00		%				100.00		%				100.00		%

A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2024, is as follows:

			2024						2023						2022
Total dividends per share			$	3.25					$	3.25					$	3.25
Ordinary income			57.23		%				100.00		%				100.00		%
Qualifying dividend			—		%				—		%				—		%
Capital gain			42.77		%				—		%				—		%
Return of capital			—		%				—		%				—		%
			100.00		%				100.00		%				100.00		%

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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-Section 50
-Paragraph 12
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