Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.20.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in  Capital
Accumulated Other Comprehensive Loss
Distributions in Excess of Accumulated Earnings
Total Stockholders’ Equity
Non- Controlling Interests
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Series B Preferred Stock
Additional Paid-in  Capital
Series B Preferred Stock
Total Stockholders’ Equity
Series C Preferred Stock
Series C Preferred Stock
Preferred Stock
Series C Preferred Stock
Additional Paid-in  Capital
Series C Preferred Stock
Total Stockholders’ Equity
Common Stock
Common Stock
Common Stock
Common Stock
Additional Paid-in  Capital
Common Stock
Total Stockholders’ Equity
Beginning balance, preferred stock (in shares) at Dec. 31, 2018                 1,144,393                    
Beginning balance, common stock (in shares) at Dec. 31, 2018   17,891,340                                  
Beginning balance at Dec. 31, 2018 $ 181,053 $ 18 $ 202,053   $ (25,826) $ 176,246 $ 4,807   $ 1                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of stock, net (in shares)                 2,330,654               2,425,856    
Issuance of stock, net               $ 51,977 $ 2 $ 51,975 $ 51,977         $ 27,145 $ 2 $ 27,143 $ 27,145
Redemptions of Series B Preferred Stock (in shares)                 (9,520)                    
Redemptions of Series B Preferred Stock               (214) $ (214) (214) (214)                
Issuance of OP Units as consideration in real estate acquisitions, net 3,276           3,276                        
Redemption of OP Units (in shares)   570,879                                  
Redemptions of OP Units 0 $ 1 4,714     4,715 (4,715)                        
Comprehensive income attributable to the Company (347)     $ (347)   (347)                          
Net income 804       795 795 9                        
Dividends—Preferred Stock (2,655)       (2,655) (2,655)                          
Distributions—OP Units and common stock (7,749)       (7,658) (7,658) (91)                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   891     891 (891)                        
Ending balance, preferred stock (in shares) at Sep. 30, 2019                 3,465,527                    
Ending balance, common stock (in shares) at Sep. 30, 2019   20,888,075                                  
Ending balance at Sep. 30, 2019 253,290 $ 21 286,562 (347) (35,344) 250,895 2,395   $ 3                    
Beginning balance, preferred stock (in shares) at Jun. 30, 2019                 2,636,068                    
Beginning balance, common stock (in shares) at Jun. 30, 2019   20,532,770                                  
Beginning balance at Jun. 30, 2019 231,354 $ 21 263,249   (31,919) 231,354     $ 3                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of stock, net (in shares)                 831,579               355,305    
Issuance of stock, net               18,517 $ 0 18,517 18,517         3,996 $ 0 3,996 3,996
Redemptions of Series B Preferred Stock (in shares)                 (2,120)                    
Redemptions of Series B Preferred Stock               $ (48) $ (48) (48) (48)                
Issuance of OP Units as consideration in real estate acquisitions, net 3,276           3,276                        
Comprehensive income attributable to the Company (347)     (347)   (347)                          
Net income 523       517 517 6                        
Dividends—Preferred Stock (1,161)       (1,161) (1,161)                          
Distributions—OP Units and common stock (2,820)       (2,781) (2,781) (39)                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0         848 (848)                        
Ending balance, preferred stock (in shares) at Sep. 30, 2019                 3,465,527                    
Ending balance, common stock (in shares) at Sep. 30, 2019   20,888,075                                  
Ending balance at Sep. 30, 2019 $ 253,290 $ 21 286,562 (347) (35,344) 250,895 2,395   $ 3                    
Beginning balance, preferred stock (in shares) at Dec. 31, 2019               4,755,869 4,755,869     0              
Beginning balance, common stock (in shares) at Dec. 31, 2019 20,936,658 20,936,658                                  
Beginning balance at Dec. 31, 2019 $ 278,970 $ 21 315,770 (390) (38,785) 276,621 2,349   $ 5                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of stock, net (in shares)                 1,229,531       420,230       979,945    
Issuance of stock, net               $ 27,050 $ 1 27,049 27,050 $ 9,526   $ 9,526 $ 9,526 14,424 $ 1 14,423 14,424
Redemptions of Series B Preferred Stock (in shares)                 (29,335)                    
Redemptions of Series B Preferred Stock         (44)     $ (680) $ (681) (636) (680)                
Redemption of OP Units (in shares)   288,303                                  
Redemptions of OP Units 0   4,383     4,383 (4,383)                        
Comprehensive income attributable to the Company (1,331)     (1,331)   (1,331)                          
Net income 4,864       4,812 4,812 52                        
Dividends—Preferred Stock (6,749)       (6,749) (6,749)                          
Distributions—OP Units and common stock (8,759)       (8,691) (8,691) (68)                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   (2,050)     (2,050) 2,050                        
Ending balance, preferred stock (in shares) at Sep. 30, 2020               5,956,065 5,956,065     420,230 420,230            
Ending balance, common stock (in shares) at Sep. 30, 2020 22,204,906 22,204,906                                  
Ending balance at Sep. 30, 2020 $ 317,315 $ 22 368,465 (1,721) (49,457) 317,315 0   $ 6       $ 0            
Beginning balance, preferred stock (in shares) at Jun. 30, 2020                 5,972,482       130,702            
Beginning balance, common stock (in shares) at Jun. 30, 2020   21,534,739                                  
Beginning balance at Jun. 30, 2020 306,383 $ 22 352,677 (1,816) (45,653) 305,236 1,147   $ 6       $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of stock, net (in shares)                         289,528       526,016    
Issuance of stock, net                       $ 6,563   $ 6,563 $ 6,563 $ 8,392   $ 8,392 $ 8,392
Redemptions of Series B Preferred Stock (in shares)                 (16,417)                    
Redemptions of Series B Preferred Stock         (44)     $ (371) $ (372) $ (327) $ (371)                
Redemption of OP Units (in shares)   144,151                                  
Redemptions of OP Units 0   2,291     2,291 (2,291)                        
Comprehensive income attributable to the Company 95     95   95                          
Net income 1,581       1,568 1,568 13                        
Dividends—Preferred Stock (2,361)       (2,361) (2,361)                          
Distributions—OP Units and common stock (2,967)       (2,967) (2,967)                          
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   (1,131)     (1,131) 1,131                        
Ending balance, preferred stock (in shares) at Sep. 30, 2020               5,956,065 5,956,065     420,230 420,230            
Ending balance, common stock (in shares) at Sep. 30, 2020 22,204,906 22,204,906                                  
Ending balance at Sep. 30, 2020 $ 317,315 $ 22 $ 368,465 $ (1,721) $ (49,457) $ 317,315 $ 0   $ 6       $ 0