Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in  Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Equity
Non- Controlling Interests
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Series C Preferred Stock
Preferred Stock
Series C Preferred Stock
Additional Paid-in  Capital
Series C Preferred Stock
Distributions in Excess of Accumulated Earnings
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, 2020                 5,956,065   1,088,435              
Beginning balance at Dec. 31, 2020 $ 383,790 $ 26 $ 440,470 $ (55,213) $ (1,500) $ 383,790 $ 0   $ 6   $ 1              
Beginning balance, common stock (in shares) at Dec. 31, 2020   26,219,019                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     941,020         4,259,045    
Issuance of stock, net                   $ 21,365 $ 1 $ 21,364   $ 21,365 $ 85,390 $ 4 $ 85,386 $ 85,390
Issuance of OP Units as consideration in real estate acquisitions, net 3,970           3,970                      
Net income (loss) 23     23   23                        
Dividends—Preferred Stock (5,702)     (5,702)   (5,702)                        
Distributions—OP Units and common stock (7,678)     (7,641)   (7,641) (37)                      
Comprehensive income (loss) attributable to the Company 156       156 156                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   1,903     1,903 (1,903)                      
Ending balance, preferred stock (in shares) at Jun. 30, 2021                 5,956,065   2,029,455              
Ending balance at Jun. 30, 2021 481,314 $ 30 549,123 (68,533) (1,344) 479,284 2,030   $ 6   $ 2              
Ending balance, common stock (in shares) at Jun. 30, 2021   30,478,064                                
Beginning balance, preferred stock (in shares) at Mar. 31, 2021                 5,956,065   1,624,113              
Beginning balance at Mar. 31, 2021 417,667 $ 27 476,996 (61,066) (133) 415,832 1,835   $ 6   $ 2              
Beginning balance, common stock (in shares) at Mar. 31, 2021   27,531,951                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     405,342         2,946,113    
Issuance of stock, net                   $ 9,194 $ 0 9,194   9,194 63,160 $ 3 63,157 63,160
Net income (loss) (531)     (530)   (530) (1)                      
Dividends—Preferred Stock (2,939)     (2,939)   (2,939)                        
Distributions—OP Units and common stock (4,026)     (3,998)   (3,998) (28)                      
Comprehensive income (loss) attributable to the Company (1,211)       (1,211) (1,211)                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (224)     (224) 224                      
Ending balance, preferred stock (in shares) at Jun. 30, 2021                 5,956,065   2,029,455              
Ending balance at Jun. 30, 2021 481,314 $ 30 549,123 (68,533) (1,344) 479,284 2,030   $ 6   $ 2              
Ending balance, common stock (in shares) at Jun. 30, 2021   30,478,064                                
Beginning balance, preferred stock (in shares) at Dec. 31, 2021               5,956,065 5,956,065 3,493,333 3,493,333              
Beginning balance at Dec. 31, 2021 $ 589,066 $ 34 668,275 (80,467) (1,036) 586,815 2,251   $ 6   $ 3              
Beginning balance, common stock (in shares) at Dec. 31, 2021 34,210,013 34,210,013                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     3,041,202         310,055    
Issuance of stock, net                   $ 69,023 $ 4 69,019   69,023 $ 10,322 $ 1 $ 10,321 $ 10,322
Redemptions of Preferred Stock (in shares)                     (4,640)              
Redemptions of Preferred Stock $ (111)                     (105) $ (6) (111)        
Redemptions of OP Units (7,670)   (3,700)     (3,700) (3,970)                      
Net income (loss) 1,800     1,794   1,794 6                      
Dividends—Preferred Stock (8,398)     (8,398)   (8,398)                        
Distributions—OP Units and common stock (9,392)     (9,365)   (9,365) (27)                      
Comprehensive income (loss) attributable to the Company 7,292       7,292 7,292                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (1,740)     (1,740) 1,740                      
Ending balance, preferred stock (in shares) at Jun. 30, 2022               5,956,065 5,956,065 6,529,895 6,529,895              
Ending balance at Jun. 30, 2022 $ 651,932 $ 35 742,070 (96,442) 6,256 651,932 0   $ 6   $ 7              
Ending balance, common stock (in shares) at Jun. 30, 2022 34,520,068 34,520,068                                
Beginning balance, preferred stock (in shares) at Mar. 31, 2022                 5,956,065   5,045,023              
Beginning balance at Mar. 31, 2022 $ 631,925 $ 35 713,805 (87,868) 3,694 629,677 2,248   $ 6   $ 5              
Beginning balance, common stock (in shares) at Mar. 31, 2022   34,520,068                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     1,487,032              
Issuance of stock, net                   $ 33,741 $ 2 33,739   33,741        
Redemptions of Preferred Stock (in shares)                     (2,160)              
Redemptions of Preferred Stock (52)                     $ (49) $ (3) $ (52)        
Redemptions of OP Units (7,670)   (3,700)     (3,700) (3,970)                      
Net income (loss) 613     616   616 (3)                      
Dividends—Preferred Stock (4,486)     (4,486)   (4,486)                        
Distributions—OP Units and common stock (4,701)     (4,701)   (4,701)                        
Comprehensive income (loss) attributable to the Company 2,562       2,562 2,562                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (1,725)     (1,725) 1,725                      
Ending balance, preferred stock (in shares) at Jun. 30, 2022               5,956,065 5,956,065 6,529,895 6,529,895              
Ending balance at Jun. 30, 2022 $ 651,932 $ 35 $ 742,070 $ (96,442) $ 6,256 $ 651,932 $ 0   $ 6   $ 7              
Ending balance, common stock (in shares) at Jun. 30, 2022 34,520,068 34,520,068