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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per common share (unaudited and in thousands, except per share data):

Three Months Ended September 30,

Nine Months Ended September 30,

    

2025

    

2024

    

2025

    

2024

Numerator:

Net income

$

1,322

$

3,249

$

17,351

$

42,426

Preferred stock dividends

(4,262)

(3,931)

(12,125)

(11,297)

Distributions paid to participating securities

(62)

(62)

(185)

(211)

Numerator for basic and diluted (loss) income attributable to common stockholders

$

(3,002)

$

(744)

$

5,041

$

30,918

Denominator:

Weighted average basic common shares outstanding

189,253

201,402

195,110

202,261

Unvested restricted stock units

756

596

Weighted average diluted common shares outstanding

189,253

201,402

195,866

202,857

Basic (loss) income attributable to common stockholders per common share

$

(0.02)

$

0.00

$

0.03

$

0.15

Diluted (loss) income attributable to common stockholders per common share

$

(0.02)

$

0.00

$

0.03

$

0.15