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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Unvested Share Activity
A summary of shares granted, forfeited, vested and unvested under the terms of the 2021 Plan for the years ended December 31, 2024 and 2023 is as follows:
20242023
Number of
Shares
Weighted Average Grant
Date Fair Value
Number of
Shares
Weighted Average Grant
Date Fair Value
Unvested shares, beginning of year136,421 $10.57 129,680 $10.24 
Shares granted119,528 $13.35 122,000 $10.35 
Shares forfeited— $— (2,334)$10.19 
Shares vested(108,887)$11.58 (112,925)$9.96 
Unvested shares, end of year147,062 $12.07 136,421 $10.57 
Schedule of Dividends Declared
During the years ended December 31, 2024 and 2023, we declared and paid regular quarterly distributions to common shareholders, using cash on hand, as follows:
Characterization of Distributions
YearAnnual Per Share DistributionTotal DistributionReturn of CapitalOrdinary IncomeQualified Dividend
2024$1.40 $20,772 — %100 %— %
2023$1.40 $20,639 — %100 %— %