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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, 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 3,724          
Issuance of common shares, net of offering costs $ 0 $ 0 27 0 27 0 27
Conversion of LTIP units to common shares (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)  
Repurchase of common shares (in shares) 0 (21,012)          
Repurchase of common shares $ 0 $ 0 (148) 0 (148) 0 (148)
Amortization of share-based compensation 0 0 17 0 17 2,888 2,905
Dividends declared on common shares 0 0 0 (8,820) (8,820) 0 (8,820)
Distributions declared on LTIP units 0 0 0 0 0 (645) (645)
Dividends accrued on preferred shares 0 0 0 (3,975) (3,975) 0 (3,975)
Net income $ 0 $ 0 0 6,911 6,911 106 7,017
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 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
Balance (in shares) at Mar. 31, 2025 4,800,000 48,982,638          
Balance at Mar. 31, 2025 $ 48 $ 490 1,048,151 (293,990) 754,699 34,181 788,880
Issuance of common shares, net of offering costs (in shares) 0 2,442          
Issuance of common shares, net of offering costs $ 0 $ 0 17 0 17 0 17
Conversion of LTIP units to common shares (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)  
Repurchase of common shares (in shares) 0 (20,480)          
Repurchase of common shares $ 0 $ 0 (144) 0 (144) 0 (144)
Amortization of share-based compensation 0 0 9 0 9 1,429 1,438
Dividends declared on common shares 0 0 0 (4,413) (4,413) 0 (4,413)
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 5,376 5,376 123 5,499
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
Balance (in shares) at Dec. 31, 2025 4,800,000 47,708,587          
Balance at Dec. 31, 2025 $ 48 $ 477 1,039,804 (299,527) 740,802 37,247 778,049
Issuance of common shares, net of offering costs (in shares) 0 3,124          
Issuance of common shares, net of offering costs $ 0 $ 0 26 0 26 0 26
Repurchase of common shares (in shares) 0 (1,216,672)          
Repurchase of common shares $ 0 $ (12) (9,464) 0 (9,476) 0 (9,476)
Amortization of share-based compensation 0 0 25 0 25 2,796 2,821
Dividends declared on common shares 0 0 0 (9,342) (9,342) 0 (9,342)
Distributions declared on LTIP units 0 0 0 0 0 (796) (796)
Dividends accrued on preferred shares 0 0 0 (3,975) (3,975) 0 (3,975)
Net income $ 0 $ 0 0 3,905 3,905 3 3,908
Balance (in shares) at Jun. 30, 2026 4,800,000 46,565,171          
Balance at Jun. 30, 2026 $ 48 $ 466 1,030,114 (308,939) 721,689 40,164 761,853
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 61,699          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 427 0 428 0 428
Issuance of restricted time-based shares (in shares) 0 8,433          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Forfeited distributions declared on LTIP units 0 0 0 0 0 210 210
Reallocation of noncontrolling interest $ 0 $ 0 (704) 0 (704) 704 0
Balance (in shares) at Mar. 31, 2026 4,800,000 46,875,361          
Balance at Mar. 31, 2026 $ 48 $ 469 1,032,911 (310,507) 722,921 38,938 761,859
Issuance of common shares, net of offering costs (in shares) 0 1,555          
Issuance of common shares, net of offering costs $ 0 $ 0 15 0 15 0 15
Repurchase of common shares (in shares) 0 (311,745)          
Repurchase of common shares $ 0 $ (3) (2,825) 0 (2,828) 0 (2,828)
Amortization of share-based compensation 0 0 13 0 13 1,383 1,396
Dividends declared on common shares 0 0 0 (4,659) (4,659) 0 (4,659)
Distributions declared on LTIP units 0 0 0 0 0 (398) (398)
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Net income $ 0 $ 0 0 8,214 8,214 241 8,455
Balance (in shares) at Jun. 30, 2026 4,800,000 46,565,171          
Balance at Jun. 30, 2026 $ 48 $ 466 $ 1,030,114 $ (308,939) $ 721,689 $ 40,164 $ 761,853