Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Dividends & Distributions Declared

Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2022 as follows:

Approval Date	Record Date	Payment Date	Total Distributions Declared (Dollars in thousands)
March 3, 2022	March 21, 2022	March 31, 2022	$	3,597
June 2, 2022	June 20, 2022	June 30, 2022		3,602
September 23, 2022	October 4, 2022	October 11, 2022		3,616
December 8, 2022	December 23, 2022	December 30, 2022		3,389
Various (1)	Various	Various		339
Total			$	14,543

(1)Represents distributions declared on unvested shares, net of forfeitures

Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2021 as follows:

Approval Date	Record Date	Payment Date	Total Distributions Declared (Dollars in thousands)
February 14, 2021	March 22, 2021	March 31, 2021	$	3,570
June 5, 2021	June 21, 2021	June 30, 2021		3,579
September 11, 2021	September 23, 2021	September 30, 2021		3,583
December 4, 2021	December 20, 2021	December 31, 2021		3,587
Various (1)	Various	Various		259
Total			$	14,578

(1)Represents distributions declared on unvested shares, net of forfeitures

Dividend / Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2020 as follows:

Approval Date	Record Date	Payment Date	Total Dividends / Distributions Declared (Dollars in thousands)
February 9, 2020 (1)	March 24, 2020	March 31, 2020	$	3,539
June 7, 2020 (1)	June 23, 2020	June 30, 2020		3,545
September 13, 2020 (2)	September 25, 2020	September 30, 2020		3,552
December 6, 2020 (2)	December 24, 2020	December 31, 2020		3,558
Various (3)	Various	Various		451
Total			$	14,645

(1)Represents dividends payments

(2)Represents distribution / return of capital payments

(3)Represents dividends / distributions declared on unvested shares, net of forfeitures

Information with Respect to Class A Common Shares that were Surrendered, Repurchased or Redeemed

The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2022:

Period (1)	Total Number of Shares Purchased or Redeemed			Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
Class A common shares:
January 1-31, 2022		4,781	(3)	$	25.13		—		—
June 1-30, 2022		11,173	(3)	$	26.28		—		—
October 1-31, 2022		200,000	(4)	$	23.49		200,000		27,302,000
November 1-30, 2022		250,000	(4)	$	24.50		250,000		21,177,000
December 1-31, 2022		457,082	(4)	$	24.28		457,082		10,079,066
Total		923,036		$	24.20		907,082

(1)Based on settlement date.

(2)Based on the $32 million share repurchase authorization announced on October 21, 2022.

(3)Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

(4)Purchased as part of the repurchase program announced in October 2022.

The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2021:

Period (1)	Total Number of Shares Purchased or Redeemed			Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Class A common shares:
January 1-31, 2021		6,720	(2)	$	28.59		—		—
March 1-31, 2021		3,095	(2)	$	29.40		—		—
June 1-30, 2021		7,100	(2)	$	27.64		—		—
November 1-30, 2021		403	(2)	$	26.80		—		—
Total		17,318		$	28.30		—

(1)Based on settlement date.

(2)Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.