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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Cash Distributions Declared
The table below summarizes the following cash distributions declared to common shareholders during the periods presented below:
Quarter Ended
Per Share Distribution
Total Distribution
(In thousands)
2024
December 31, 2024$0.38 $7,795 
September 30, 2024$0.36 $8,104 
June 30, 2024$0.36 $7,770 
March 31, 2024$0.36 $7,329 
2023
December 31, 2023$0.36 $7,477 
September 30, 2023$0.34 $6,737 
June 30, 2023$0.34 $6,846 
March 31, 2023$0.34 $6,851 
Schedule of Restricted Stock, Activity
The following table presents the Company's restricted stock activity during the year ended December 31, 2024, under the A&R LTIP:
2021 Long-Term Incentive Plan
Restricted Shares
Weighted Average Grant Date Fair Value
Unvested at December 31, 2023
521,997 $24.37 
Granted(1)
183,605 $28.75 
Vested(2)
(288,757)$24.43 
Forfeited(28,930)$27.83 
Unvested at December 31, 2024
387,915 $26.57 
_____________________
(1)For the year ended December 31, 2023, the weighted average fair value of restricted shares granted during the year was $28.68.
(2)For the years ended December 31, 2024, and 2023, the total fair value of restricted shares vested during the year was $7.1 million and $6.4 million, respectively.