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Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Balance (in shares) at Dec. 31, 2023 4,800,000 48,859,836          
Balance at Dec. 31, 2023 $ 48 $ 488 $ 1,047,176 $ (271,651) $ 776,061 $ 28,315 $ 804,376
Issuance of common shares, net of offering costs (in shares) 0 4,392          
Issuance of common shares, net of offering costs $ 0 $ 0 (239) 0 (239) 0 (239)
Amortization of share-based compensation 0 0 37 0 37 4,452 4,489
Dividends declared on common shares 0 0 0 (10,272) (10,272) 0 (10,272)
Distributions declared on LTIP units 0 0 0 0 0 (645) (645)
Dividends accrued on preferred shares 0 0 0 (5,962) (5,962) 0 (5,962)
Net income $ 0 $ 0 0 5,874 5,874 15 5,889
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 43,670          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 470 0 471 0 471
Issuance of restricted time-based shares (in shares) 0 2,943          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Forfeited distributions declared on LTIP units 0 0 0 0 0 9 9
Reallocation of noncontrolling interest $ 0 $ 0 (649) 0 (649) 649 0
Balance (in shares) at Sep. 30, 2024 4,800,000 48,910,841          
Balance at Sep. 30, 2024 $ 48 $ 489 1,046,795 (282,011) 765,321 32,795 798,116
Balance (in shares) at Jun. 30, 2024 4,800,000 48,909,201          
Balance at Jun. 30, 2024 $ 48 $ 489 1,046,787 (280,852) 766,472 31,421 797,893
Issuance of common shares, net of offering costs (in shares) 0 1,640          
Issuance of common shares, net of offering costs $ 0 $ 0 (1) 0 (1) 0 (1)
Amortization of share-based compensation 0 0 9 0 9 1,501 1,510
Dividends declared on common shares 0 0 0 (3,423) (3,423) 0 (3,423)
Distributions declared on LTIP units 0 0 0 0 0 (215) (215)
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Net income $ 0 $ 0 0 4,251 4,251 88 4,339
Balance (in shares) at Sep. 30, 2024 4,800,000 48,910,841          
Balance at Sep. 30, 2024 $ 48 $ 489 1,046,795 (282,011) 765,321 32,795 798,116
Balance (in shares) at Dec. 31, 2024 4,800,000 48,912,293          
Balance at Dec. 31, 2024 $ 48 $ 489 1,046,812 (289,130) 758,219 33,778 791,997
Issuance of common shares, net of offering costs (in shares) 0 5,842          
Issuance of common shares, net of offering costs $ 0 $ 0 43 0 43 0 43
Amortization of share-based compensation 0 0 27 0 27 4,317 4,344
Dividends declared on common shares 0 0 0 (13,206) (13,206) 0 (13,206)
Distributions declared on LTIP units 0 0 0 0 0 (967) (967)
Dividends accrued on preferred shares 0 0 0 (5,962) (5,962) 0 (5,962)
Net income $ 0 $ 0 0 10,441 10,441 163 10,604
Repurchases of common shares (in shares) 0 (276,225)          
Repurchases of common shares $ 0 $ (3) (1,978) 0 (1,981) 0 (1,981)
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 61,551          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 562 0 563 0 563
Issuance of restricted time-based shares (in shares) 0 8,044          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Forfeited distributions declared on LTIP units 0 0 0 0 0 48 48
Reallocation of noncontrolling interest $ 0 $ 0 763 0 763 (763) 0
Stock Issued During Period, Shares, Conversion of Units (in shares) 0 33,396          
Conversion of LTIP units to common shares $ 0 $ 0 533 0 533   0
Conversion of LTIP units to common shares           (533)  
Balance (in shares) at Sep. 30, 2025 4,800,000 48,744,901          
Balance at Sep. 30, 2025 $ 48 $ 487 1,046,762 (297,857) 749,440 36,043 785,483
Balance (in shares) at Jun. 30, 2025 4,800,000 48,997,996          
Balance at Jun. 30, 2025 $ 48 $ 490 1,048,566 (295,014) 754,090 34,879 788,969
Issuance of common shares, net of offering costs (in shares) 0 2,118          
Issuance of common shares, net of offering costs $ 0 $ 0 15 0 15 0 15
Amortization of share-based compensation 0 0 10 0 10 1,429 1,439
Dividends declared on common shares 0 0 0 (4,387) (4,387) 0 (4,387)
Distributions declared on LTIP units 0 0 0 0 0 (321) (321)
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Net income $ 0 $ 0 0 3,531 3,531 56 3,587
Repurchases of common shares (in shares) 0 (255,213)          
Repurchases of common shares $ 0 $ (3) (1,829) 0 (1,832) 0 (1,832)
Balance (in shares) at Sep. 30, 2025 4,800,000 48,744,901          
Balance at Sep. 30, 2025 $ 48 $ 487 $ 1,046,762 $ (297,857) $ 749,440 $ 36,043 $ 785,483