Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.22.0.1
Consolidated Statements of Equity - USD ($)
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Loss
Non- Controlling Interest
Series B Preferred Stock
Series B Preferred Stock
Total Stockholders’ Equity
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
Total Stockholders’ Equity
Series C Preferred Stock
Preferred Stock
Series C Preferred Stock
Additional Paid-in Capital
Series C Preferred Stock
Distributions in Excess of Accumulated Earnings
Common Stock
Common Stock
Total Stockholders’ Equity
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Beginning balance, preferred stock (in shares) at Dec. 31, 2019                   4,755,869         0            
Beginning balance, common stock (in shares) at Dec. 31, 2019     20,936,658                                    
Beginning balance at Dec. 31, 2019 $ 278,970,000 $ 276,621,000 $ 21,000 $ 315,770,000 $ (38,785,000) $ (390,000) $ 2,349,000     $ 5,000         $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                   1,229,531         1,088,573         4,994,057  
Issuance of stock, net               $ 27,050,000 $ 27,050,000 $ 1,000 $ 27,049,000   $ 24,716,000 $ 24,716,000 $ 1,000 $ 24,715,000   $ 71,272,000 $ 71,272,000 $ 5,000 $ 71,267,000
Redemptions of preferred stock (in shares)                   (29,335)         (138)            
Redemption of preferred stock               $ (681,000) $ (681,000)   $ (637,000) $ (44,000) $ (3,000) (3,000) $ (3,000) (3,000)          
Redemptions of OP Units (in shares)     288,304                                    
Redemptions of OP Units 0 4,383,000   4,383,000     (4,383,000)                            
Net income 4,955,000 4,926,000     4,926,000   29,000                            
Dividends—Series B Preferred Stock and Series C Preferred Stock (9,278,000) (9,278,000)     (9,278,000)                                
Distributions—OP Units and common stock (12,101,000) (12,032,000)     (12,032,000)   (69,000)                            
Comprehensive income attributable to the Company (1,110,000) (1,110,000)       (1,110,000)                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0 (2,074,000)   (2,074,000)     2,074,000                            
Ending balance, preferred stock (in shares) at Dec. 31, 2020                   5,956,065     1,088,435   1,088,435            
Ending balance, common stock (in shares) at Dec. 31, 2020 26,219,019   26,219,019                                    
Ending balance at Dec. 31, 2020 $ 383,790,000 383,790,000 $ 26,000 440,470,000 (55,213,000) (1,500,000) 0     $ 6,000         $ 1,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                             2,414,818         7,990,994  
Issuance of stock, net                         $ 54,899,000 54,899,000 $ 2,000 54,897,000   $ 171,495,000 $ 171,495,000 $ 8,000 $ 171,487,000
Redemptions of preferred stock (in shares)                             (9,920)            
Redemption of preferred stock                         $ (248,000) $ (248,000) $ (248,000) $ (225,000) $ (23,000)        
Issuance of OP Units as consideration in real estate acquisitions, net 3,970,000                                        
Net income 3,514,000 3,495,000     3,495,000   19,000                            
Dividends—Series B Preferred Stock and Series C Preferred Stock (12,235,000) (12,235,000)     (12,235,000)                                
Distributions—OP Units and common stock (16,583,000) (16,491,000)     (16,491,000)   (92,000)                            
Comprehensive income attributable to the Company 464,000 464,000       464,000                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0 1,646,000   1,646,000     (1,646,000)                            
Ending balance, preferred stock (in shares) at Dec. 31, 2021               5,956,065   5,956,065     3,493,333   3,493,333            
Ending balance, common stock (in shares) at Dec. 31, 2021 34,210,013   34,210,013                                    
Ending balance at Dec. 31, 2021 $ 589,066,000 $ 586,815,000 $ 34,000 $ 668,275,000 $ (80,467,000) $ (1,036,000) $ 2,251,000     $ 6,000         $ 3,000