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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Preferred Stock The following tables summarize details about the Company's preferred stock:
Series B
Preferred Stock
Series C
Preferred Stock
Par value$0.01 $0.01 
Liquidation value$25.00 $25.00 
   
 December 31, 2024December 31, 2023
 Series B
Preferred Stock
Series C
Preferred Stock
Series B
Preferred Stock
Series C
Preferred Stock
Shares authorized6,050,000 6,450,000 6,050,000 6,450,000 
Shares issued and outstanding1,449,609 4,208,694 1,449,609 5,000,000 
Balance$34,767,000 $105,027,000 $34,767,000 $124,774,000 
Schedule of Dividends Declared and Paid
The following table provides a summary of dividends declared and paid per share:
 Years ended December 31,
 20242023
Series B Preferred Stock
$1.8125 $1.8125 
Series C Preferred Stock
$1.6250 $1.6250 
Schedule of Share Repurchase Program Activity
The following table provides a summary of stock repurchase activity under the Repurchase Program. There were no repurchases of the Series B Preferred Stock during the year ended December 31, 2024.
Series C Preferred Stock
Total Number of Shares PurchasedWeighted Average Price Paid per ShareApproximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
Balance, December 31, 2023— $— $— 
For the year ended December 31, 2024102,636 $13.54 8,609,000 
Balance, December 31, 2024102,636 $13.54 $8,609,000 
(1)Reflects the dollar value of shares that may yet be repurchased under the Repurchase Program announced on August 12, 2024.