Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Equity

v3.25.2
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
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Series B Preferred Stock
Additional Paid-in  Capital
Series B Preferred Stock
Distributions in Excess of Accumulated Earnings
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 E Preferred Stock
Series E Preferred Stock
Preferred Stock
Series E Preferred Stock
Additional Paid-in  Capital
Beginning balance, preferred stock (in shares) at Dec. 31, 2023             5,956,065       10,156,509       235,841  
Beginning balance at Dec. 31, 2023 $ 719,613 $ 36 $ 856,206 $ (144,011) $ 7,366   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Dec. 31, 2023   35,838,442                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of Series E Preferred Stock, net (in shares)                             12,140  
Issuance of Series E Preferred Stock, net                           $ 265   $ 265
Redemptions of preferred stock (in shares)             (54,735)       (86,042)       0  
Redemption of preferred stock net           $ (1,133)   $ (1,217) $ 84 $ (1,762)   $ (1,952) $ 190      
Net income (loss) 12,744     12,744                        
Dividends—cumulative redeemable preferred stock (12,223)     (12,223)                        
Distributions—OP Units and common stock (10,010)     (10,010)                        
Comprehensive income (loss) attributable to the Company 975       975                      
Ending balance, preferred stock (in shares) at Jun. 30, 2024             5,901,330       10,070,467       247,981  
Ending balance at Jun. 30, 2024 708,469 $ 36 853,302 (153,226) 8,341   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Jun. 30, 2024   35,838,442                            
Beginning balance, preferred stock (in shares) at Mar. 31, 2024             5,956,065       10,156,509       247,181  
Beginning balance at Mar. 31, 2024 723,319 $ 36 856,455 (141,562) 8,374   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Mar. 31, 2024   35,838,442                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of Series E Preferred Stock, net (in shares)                             800  
Issuance of Series E Preferred Stock, net                           $ 16   16
Redemptions of preferred stock (in shares)             (54,735)       (86,042)       0  
Redemption of preferred stock net           $ (1,133)   $ (1,217) $ 84 $ (1,762)   $ (1,952) $ 190      
Net income (loss) (823)     (823)                        
Dividends—cumulative redeemable preferred stock (6,105)     (6,105)                        
Distributions—OP Units and common stock (5,010)     (5,010)                        
Comprehensive income (loss) attributable to the Company (33)       (33)                      
Ending balance, preferred stock (in shares) at Jun. 30, 2024             5,901,330       10,070,467       247,981  
Ending balance at Jun. 30, 2024 708,469 $ 36 853,302 (153,226) 8,341   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Jun. 30, 2024   35,838,442                            
Beginning balance, preferred stock (in shares) at Dec. 31, 2024           5,840,889 5,840,889     9,954,863 9,954,863     252,436 252,436  
Beginning balance at Dec. 31, 2024 $ 687,182 $ 36 854,059 (174,561) 7,632   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Dec. 31, 2024 36,184,658 36,184,658                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of Series E Preferred Stock, net                           $ (4)   (4)
Redemptions of preferred stock (in shares)                             (800)  
Redemption of preferred stock net                           $ (18) $ (18) $ (18)
Net income (loss) $ 7,230     7,230                        
Dividends—cumulative redeemable preferred stock (12,004)     (12,004)                        
Distributions—OP Units and common stock (10,139)     (10,139)                        
Comprehensive income (loss) attributable to the Company (2,174)       (2,174)                      
Ending balance, preferred stock (in shares) at Jun. 30, 2025           5,840,889 5,840,889     9,954,863 9,954,863     251,636 251,636  
Ending balance at Jun. 30, 2025 $ 670,073 $ 36 854,037 (189,474) 5,458   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Jun. 30, 2025 36,184,658 36,184,658                            
Beginning balance, preferred stock (in shares) at Mar. 31, 2025             5,840,889       9,954,863       251,636  
Beginning balance at Mar. 31, 2025 $ 689,878 $ 36 854,037 (170,525) 6,314   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Mar. 31, 2025   36,184,658                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Redemptions of preferred stock (in shares)                             (800)  
Redemption of preferred stock net                             $ (18)  
Net income (loss) (7,878)     (7,878)                        
Dividends—cumulative redeemable preferred stock (6,002)     (6,002)                        
Distributions—OP Units and common stock (5,069)     (5,069)                        
Comprehensive income (loss) attributable to the Company (856)       (856)                      
Ending balance, preferred stock (in shares) at Jun. 30, 2025           5,840,889 5,840,889     9,954,863 9,954,863     251,636 251,636  
Ending balance at Jun. 30, 2025 $ 670,073 $ 36 $ 854,037 $ (189,474) $ 5,458   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Jun. 30, 2025 36,184,658 36,184,658