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CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares [Member]
Preferred Stock [Member]
Common Shares [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated (Deficit) Earnings [Member]
Common stock, shares outstanding 13,377,840     13,377,840      
Balance, in shares at Dec. 31, 2022         0    
Balance at Dec. 31, 2022 $ 112,409     $ 134 $ 0 $ 240,940 $ (128,665)
Shares Issued, Shares 5,183,037     5,183,037 [1]      
Stock Issued During Period, Value, New Issues [1]   $ 33,555   $ 52   33,503  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 47,393     47,393      
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0     $ 0   0  
Share based compensation $ 255         255  
Repurchase of common shares, shares 0            
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 6,806     (6,806)      
Dividends declared [2] $ (14,540)           (14,540)
NET INCOME (LOSS) 4,559           4,559
Balance at Dec. 31, 2023 $ 136,238     $ 186 $ 0 274,698 (138,646)
Common Stock, Dividends, Per Share, Declared $ 0.96            
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation $ 0     $ 0   0  
Common stock, shares outstanding 18,601,464     18,601,464      
Balance, in shares at Dec. 31, 2023 0       0    
Shares Issued, Shares 1,218,146     1,218,146 [1],[3]      
Stock Issued During Period, Value, New Issues [1],[3]   7,403   $ 12   7,391  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 0     0 [3]      
Stock Issued During Period, Value, Restricted Stock Award, Gross [3] $ 0     $ 0   0  
Share based compensation [3] $ 72         72  
Repurchase of common shares, shares 0            
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0            
Dividends declared [2],[3] $ (4,757)           (4,757)
NET INCOME (LOSS) [3] 3,961           3,961
Balance at Mar. 31, 2024 [3] $ 142,917     198 $ 0 282,161 (139,442)
Common Stock, Dividends, Per Share, Declared $ 0.24            
Balance, in shares at Dec. 31, 2023 0       0    
Balance at Dec. 31, 2023 $ 136,238     $ 186 $ 0 274,698 (138,646)
Shares Issued, Shares 10,964,023     10,964,023 [1] 1,000    
Stock Issued During Period, Value, New Issues   73,558 [1] $ 1 $ 110 [1] $ 1 73,448 [1]  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 90,229     90,229      
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0     $ 1   (1)  
Share based compensation $ 442         442  
Repurchase of common shares, shares 0            
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 4,163     (4,163)      
Dividends declared [2] $ (23,099)           (23,099)
NET INCOME (LOSS) 6,586           6,586
Balance at Dec. 31, 2024 $ 193,726     $ 297 $ 1 348,587 (155,159)
Common Stock, Dividends, Per Share, Declared $ 0.96            
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation $ 0     $ 0   0  
Common stock, shares outstanding 19,819,610     19,819,610 [3]      
Common stock, shares outstanding 29,651,553     29,651,553      
Balance, in shares at Dec. 31, 2024 1,000       1,000    
Shares Issued, Shares 8,075,118     8,075,118 [1]      
Stock Issued During Period, Value, New Issues [1]   $ 52,136   $ 81   52,055  
Stock Redeemed or Called During Period, Value     $ (1)   $ (1)    
Stock Redeemed or Called During Period, Shares         (1,000)    
Stock Issued During Period, Shares, Restricted Stock Award, Gross 0            
Share based compensation $ 203         203  
Repurchase of common shares, shares (167,476)     (167,476)      
Repurchase of common shares, Value $ (978)     $ (2)   (976)  
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation 0            
Dividends declared [2] $ (8,715)           (8,715)
NET INCOME (LOSS) (7,870)           (7,870)
Balance at Mar. 31, 2025 $ 228,501     $ 376 $ 0 $ 399,869 $ (171,744)
Common Stock, Dividends, Per Share, Declared $ 0.24            
Common stock, shares outstanding 37,559,195     37,559,195      
[1] Net of discounts and commissions and offering costs.
[2] For each of the three-month periods ended March 31, 2025 and 2024, dividends totaling $0.24 per common share outstanding, were declared. For each of the years ended December 31, 2024 and 2023, dividends totaling $0.96 per common share outstanding, were declared.
[3] Unaudited.