Equity

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Equity

Equity

Common Stock Dividends—The following table summarizes the common stock dividends declared during the period (in thousands):

	Three Months Ended March 31,
	2026		2025
Common stock dividends declared	$	—	$	3,372

Stock Repurchases—On May 3, 2024, the board of directors approved a new share repurchase program pursuant to which the board of directors granted a repurchase authorization to acquire shares of the Company’s common stock, par value $0.01 per share, having an aggregate value of up to $50 million. As of March 31, 2026, the Company has not repurchased any common stock pursuant to this program.

8.25% Series D Cumulative Preferred Stock—The dividend for all issued and outstanding shares of the Company’s Series D Cumulative Preferred Stock (the “Series D Preferred Stock”) is set at $2.0625 per annum per share.

The following table summarizes dividends declared (in thousands):

	Three Months Ended March 31,
	2026		2025
Series D Cumulative Preferred Stock	$	825	$	825