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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Class A Common Shares [Member]
Common Stock [Member]
Class A Common Shares [Member]
Preferred Stock [Member]
Series A Preferred Shares [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Non-Controlling Interest [Member]
Beginning balance at Dec. 31, 2024 $ 405,803   $ 562 $ 28 $ 1,362,644 $ (958,778) $ 1,347
Beginning balance, shares at Dec. 31, 2024     56,274,000 2,800,000      
Net loss (22,202)         (22,202)  
Preferred dividends declared (1,225)         (1,225)  
Vesting of restricted share units, shares     (88,000)        
Restricted stock withholdings, shares     (38,000)        
Restricted stock withholdings (127)       (127)    
Share-based compensation 201       201    
Ending balance at Mar. 31, 2025 382,450   $ 562 $ 28 1,362,718 (982,205) 1,347
Ending balance, shares at Mar. 31, 2025     56,324,000 2,800,000      
Beginning balance at Dec. 31, 2025 332,800   $ 562 $ 28 1,362,719 (1,031,893) 1,384
Beginning balance, shares at Dec. 31, 2025   56,324,607 56,324,000 2,800,000      
Net loss (30,318)         (30,318)  
Preferred dividends declared (1,225)         (1,225)  
Contributions to consolidated VIEs 54           54
Ending balance at Mar. 31, 2026 $ 301,311   $ 562 $ 28 $ 1,362,719 $ (1,063,436) $ 1,438
Ending balance, shares at Mar. 31, 2026   56,324,607 56,324,000 2,800,000