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v3.25.4

Subsequent Events (Details) $ / shares in Units, $ in Thousands |  |  |  |  |  |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | ---
Feb. 17, 2026 $ / shares | Feb. 06, 2026 USD ($) shares | Jan. 20, 2026 shares | Jan. 01, 2026 USD ($) item $ / shares | May 31, 2023 USD ($) shares | Sep. 01, 2022 USD ($) shares | Dec. 31, 2024 $ / shares | Dec. 31, 2025 USD ($) $ / shares shares | Dec. 31, 2024 USD ($) $ / shares shares
Subsequent Events |  |  |  |  |  |  |  |  |
Paid dividends |  |  |  |  |  |  |  | $ 63,744 | $ 21,630
Dividend paid (in dollars per share) | $ / shares |  |  |  |  |  |  |  | $ 1.39 | $ 0.45
Share repurchase | Common Stock |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Stock issued during period shares | shares |  |  |  |  |  |  |  | 454,326 |
Common stock upon redemption (in shares) | shares |  |  |  |  |  |  |  | 454,326 | 0
Redeemed preferred units | shares |  |  |  |  |  |  |  | 454,326 | 0
Subsequent Events |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Dividend declared (per share) | $ / shares | $ 0.09 |  |  |  |  |  |  |  |
Paid dividends |  |  |  | $ 11,400 |  |  |  |  |
Amount borrowed |  |  |  | 76,200 |  |  |  |  |
Subsequent Events | Share repurchase | Common Stock |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Stock issued during period shares | shares |  |  | 450,000 |  |  |  |  |  |
Common stock upon redemption (in shares) | shares |  |  | 450,000 |  |  |  |  |  |
Redeemed preferred units | shares |  |  | 450,000 |  |  |  |  |  |
Loans under FPI Loan Program | Subsequent Events |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Payments to acquire notes receivable |  |  |  | 2,500 |  |  |  |  |
Proceeds from collection of notes receivable |  |  |  | 4,900 |  |  |  |  |
Series A preferred units |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Common stock upon redemption (in shares) | shares |  |  |  |  | 8,000 | 5,000 |  |  |
Redeemed preferred units | shares |  |  |  |  | 8,000 | 5,000 |  |  |
Redeemed preferred units, value |  |  |  |  | $ 8,000 | $ 5,000 |  |  |
Payments for repurchase of preferred stock |  |  |  |  | $ 8,100 | $ 5,100 |  |  |
Series A preferred units | Subsequent Events |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Common stock upon redemption (in shares) | shares |  | 68,000 |  |  |  |  |  |  |
Redeemed preferred units | shares |  | 68,000 |  |  |  |  |  |  |
Redeemed preferred units, value |  | $ 68,000 |  |  |  |  |  |  |
Payments for repurchase of preferred stock |  | $ 68,200 |  | $ 68,200 |  |  |  |  |
West Coast | Subsequent Events |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Number of dispositions | item |  |  |  | 1 |  |  |  |  |
Proceeds from sale of real estate |  |  |  | $ 1,300 |  |  |  |  |
One-time special dividend 2025 |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Dividend paid (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 1.15 |  |
One-time special dividend 2025 | Subsequent Events |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |
Paid dividends |  |  |  | $ 8,800 |  |  |  |  |
Dividend paid (in dollars per share) | $ / shares |  |  |  | $ 0.2 |  |  |  |  |

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