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v3.25.4

Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock | Preferred Stock | Additional Paid-in Capital | Retained Earnings/(Deficit)
--- | --- | --- | --- | --- | ---
Beginning balance (in shares) at Dec. 31, 2023 |  |  | 29,437 |  |  |
Beginning balance at Dec. 31, 2023 |  | $ 528,368 | $ 294 | $ 220,472 | $ 823,715 | $ (516,113)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Grant of restricted stock and amortization of equity based compensation (in shares) |  |  | 203 |  |  |
Grant of restricted stock and amortization of equity based compensation |  | 667 | $ 2 |  | 665 |
Common dividends declared | [1] | (22,137) |  |  |  | (22,137)
Preferred dividends declared | [2] | (19,212) |  |  |  | (19,212)
Net Income/(Loss) |  | $ 55,737 |  |  |  | 55,737
Ending balance (in shares) at Dec. 31, 2024 |  | 29,640 | 29,640 |  |  |
Ending balance at Dec. 31, 2024 |  | $ 543,423 | $ 296 | 220,472 | 824,380 | (501,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |
Issuance of common stock (in shares) |  |  | 2,028 |  |  |
Issuance of common stock |  | 15,330 | $ 20 |  | 15,310 |
Grant of restricted stock and amortization of equity based compensation (in shares) |  |  | 76 |  |  |
Grant of restricted stock and amortization of equity based compensation |  | 712 | $ 1 |  | 711 |
Common dividends declared | [1] | (26,132) |  |  |  | (26,132)
Preferred dividends declared | [2] | (21,267) |  |  |  | (21,267)
Net Income/(Loss) |  | $ 48,668 |  |  |  | 48,668
Ending balance (in shares) at Dec. 31, 2025 |  | 31,744 | 31,744 |  |  |
Ending balance at Dec. 31, 2025 |  | $ 560,734 | $ 317 | $ 220,472 | $ 840,401 | $ (500,456)
[1] | For the years ended December 31, 2025 and 2024, dividends totaling $0.85 and $0.75 per share of common stock outstanding were declared, respectively.
[2] | For the years ended December 31, 2025 and 2024, dividends totaling $2.06252 and $2.06252 per share of Series A Preferred Stock, $2.00 and $2.00 per share of Series B Preferred Stock, and $2.784149 and $2.233117 per share of Series C Preferred Stock outstanding were declared, respectively.

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