v3.26.1
Stockholders' Equity
6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Preferred Stock
As of June 30, 2026 and December 31, 2025, the Company had 100,000,000 shares of Series A preferred stock authorized and 0 shares of Series A preferred stock outstanding.
Common Stock
As of June 30, 2026 and December 31, 2025, the Company had 400,000,000 shares of common stock authorized and 20,580,766 and 20,552,632 shares, respectively, of common stock issued and outstanding. Common stock is issued at a par value of $0.01 per share.
Stock Repurchase Program
The Company maintains a stock repurchase program authorizing the repurchase of up to $10.0 million of the Company's outstanding common stock through December 31, 2026. The Company did not acquire any shares of common stock pursuant to the stock repurchase plan during the three and six months ended June 30, 2026 and 2025. The remaining availability under the stock repurchase program as of June 30, 2026, was approximately $8.2 million.
At the Market Equity Program
The Company has an “At The Market” ("ATM") equity offering program pursuant to Equity Distribution Agreements (collectively the "EDAs") with its sales agent, pursuant to which the Company may offer and sell shares of its common stock having an aggregate offering amount of up to $50.0 million from time to time through a sales agent. As of June 30, 2026, no shares of common stock had been issued under the ATM program.
Dividends
The following tables describe the cash dividends declared on the Company's common stock and vested RSUs and in the Company's capacity as general partner of the operating partnership, authorized distributions on our LPI Units declared by the Company during the six months ended June 30, 2026 and 2025:
Declaration DateRecord DatePeriod CoveredDistributions Paid DateAmount per Share/Unit
March 4, 2026March 31, 2026January 1, 2026 to March 31, 2026April 15, 2026$0.43 
June 12, 2026June 30, 2026April 1, 2026 to June 30, 2026July 15, 2026$0.43 
Total$0.86 
Declaration DateRecord DatePeriod CoveredDistributions Paid DateAmount per
Share/Unit
March 4, 2025March 31, 2025January 1, 2025 to March 31, 2025April 15, 2025$0.43 
June 16, 2025June 30, 2025April 1, 2025 to June 30, 2025July 15, 2025$0.43 
Total$0.86