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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Distributions Declared

Quarterly distribution payments of $0.35 per common share were declared during the year ended December 31, 2024 as follows:

Approval Date		Record Date		Payment Date		Total Distributions Declared (Dollars in thousands)
March 6, 2024		March 21, 2024		March 28, 2024		$	4,752
June 6, 2024		June 21, 2024		June 28, 2024			4,774
September 19, 2024		September 30, 2024		October 7, 2024			4,782
December 5, 2024		December 24, 2024		December 31, 2024			4,790
Various (1)		Various		Various			18
Total						$	19,116

(1)Represents distributions declared on unvested shares, net of forfeitures

Quarterly distribution payments of $0.25 per common share were declared during the year ended December 31, 2023 as follows:

Approval Date		Record Date		Payment Date		Total Distributions Declared (Dollars in thousands)
March 2, 2023		March 24, 2023		March 31, 2023		$	3,410
June 1, 2023		June 23, 2023		June 30, 2023			3,375
September 28, 2023		October 9, 2023		October 16, 2023			3,385
December 7, 2023		December 22, 2023		December 29, 2023			3,385
Various (1)		Various		Various			(86	)
Total						$	13,469

(1)Represents distributions declared on unvested shares, net of forfeitures

Quarterly distribution payments of $0.25 per common share were declared during the year ended December 31, 2022 as follows:

Approval Date		Record Date		Payment Date		Total Distributions Declared (Dollars in thousands)
March 3, 2022		March 21, 2022		March 31, 2022		$	3,597
June 2, 2022		June 20, 2022		June 30, 2022			3,602
September 23, 2022		October 4, 2022		October 11, 2022			3,616
December 8, 2022		December 23, 2022		December 30, 2022			3,389
Various (1)		Various		Various			339
Total						$	14,543

(1)Represents distributions declared on unvested shares, net of forfeitures

Information with Respect to Class A Common Shares that were Surrendered, Repurchased or Redeemed

The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2024:

(Dollars in thousands, except share and per share data) Period (1)		Total Number of Shares Purchased or Redeemed				Average Price Paid Per Share				Total Number of Shares Purchased as Part of Publicly Announced Plan or Program				Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
Class A common shares:
June 1-30, 2024			16,527		(3)	$	32.00				—			$	101,004
Total			16,527			$	32.00				—

(1)Based on settlement date.

(2)Based on the $135 million share repurchase authorization.

(3)Surrendered by employees as payment of taxes withheld on the vesting of restricted stock and/or restricted stock units.

The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2023:

(Dollars in thousands, except share and per share data) Period (1)		Total Number of Shares Purchased or Redeemed				Average Price Paid Per Share				Total Number of Shares Purchased as Part of Publicly Announced Plan or Program				Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
Class A common shares:
January 1-31, 2023			3,302		(3)	$	23.31				—			$	106,604
January 1-31, 2023			250,000		(4)	$	25.90				250,000			$	106,604
April 1-30, 2023			200,000		(4)	$	28.00				200,000			$	101,004
June 1-30, 2023			15,558		(3)	$	33.74				—			$	101,004
Total			468,860			$	27.04				450,000

(1)Based on settlement date.

(2)Based on the $135 million share repurchase authorization.

(3)Surrendered by employees as payment of taxes withheld on the vesting of restricted stock and/or restricted stock units.

(4)Purchased as part of the share repurchase program which commenced in fourth quarter of 2022.

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Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

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-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481520/505-30-50-2

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