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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Cash Distributions Declared
The table below summarizes the following cash distributions declared to common shareholders during the periods presented below:
Quarter Ended
Per Share Distribution
Total Distribution
(In thousands)
2023
December 31, 2023$0.36 $7,477 
September 30, 2023$0.34 $6,737 
June 30, 2023$0.34 $6,846 
March 31, 2023$0.34 $6,851 
2022
December 31, 2022$0.34 $6,837 
September 30, 2022$0.31 $6,159 
June 30, 2022$0.31 $6,159 
March 31, 2022$0.31 $6,154 
Schedule of Restricted Stock, Activity
The following table presents the Company's restricted stock activity during the year ended December 31, 2023 under the A&R LTIP:
2021 Long-Term Incentive Plan
Restricted Shares
Weighted Average Grant Date Fair Value
Unvested at December 31, 2022
536,209 $18.39 
Granted(1)
346,869 $28.68 
Vested(2)
(329,005)$19.38 
Forfeited(32,076)$24.83 
Unvested at December 31, 2023
521,997 $24.37 
_____________________
(1)For the year ended December 31, 2022, the weighted average fair value of restricted shares granted during the year was $17.63.
(2)For the years ended December 31, 2023 and 2022, the total fair value of restricted shares vested during the year was $6.4 million and $3.7 million, respectively.