Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF EQUITY

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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2022     56,639,040        
Beginning balance at Dec. 31, 2022 $ 975,858 $ 974,469 $ 57 $ 1,147,014 $ 6,308 $ (178,910) $ 1,389
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (57,311) (57,302)       (57,302) (9)
Distributions $ (22,593) (22,593)       (22,593)  
Repurchases of common stock under Share Repurchase Program (in shares) (900,000)   (915,637)        
Repurchases of common stock under Share Repurchase Program $ (5,018) (5,018) $ (1) (5,017)      
Repurchases of common stock to settle tax obligations (in shares)     (15,411)        
Repurchases of common stock to settle tax obligations (89) (89)   (89)      
Equity-based compensation, net (in shares)     75,556        
Equity-based compensation, net 2,728 2,728   2,728      
Other comprehensive income (loss), net (6,572) (6,572)     (6,572)    
Ending balance (in shares) at Dec. 31, 2023     55,783,548        
Ending balance at Dec. 31, 2023 887,003 885,623 $ 56 1,144,636 (264) (258,805) 1,380
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (102,976) (103,012)       (103,012) 36
Distributions $ (22,607) (22,531)       (22,531) (76)
Repurchases of common stock under Share Repurchase Program (in shares) 0            
Repurchases of common stock to settle tax obligations (in shares)     (48,700)        
Repurchases of common stock to settle tax obligations $ (170) (170)   (170)      
Equity-based compensation, net (in shares)     217,028        
Equity-based compensation, net 3,757 3,757   3,757      
Other comprehensive income (loss), net $ 249 249     249    
Ending balance (in shares) at Dec. 31, 2024 55,951,876   55,951,876        
Ending balance at Dec. 31, 2024 $ 765,256 763,916 $ 56 1,148,223 (15) (384,348) 1,340
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (139,286) (139,309)       (139,309) 23
Distributions $ (4,886) (4,825)       (4,825) (61)
Repurchases of common stock under Share Repurchase Program (in shares) 0            
Repurchases of common stock to settle tax obligations (in shares)     (135,759)        
Repurchases of common stock to settle tax obligations $ (475) (475)   (475)      
Equity-based compensation, net (in shares)     498,517        
Equity-based compensation, net 3,896 3,896   3,896      
Other comprehensive income (loss), net $ 10 10     10    
Ending balance (in shares) at Dec. 31, 2025 56,314,634   56,314,634        
Ending balance at Dec. 31, 2025 $ 624,515 $ 623,213 $ 56 $ 1,151,644 $ (5) $ (528,482) $ 1,302