Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.23.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in  Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Non- Controlling Interests
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
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
Series E Preferred Stock
Series E Preferred Stock
Total Stockholders’ Equity
Series E Preferred Stock
Preferred Stock
Series E Preferred Stock
Additional Paid-in  Capital
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, 2021                 5,956,065     3,493,333         0          
Beginning balance at Dec. 31, 2021 $ 589,066 $ 586,815 $ 34 $ 668,275 $ (80,467) $ (1,036) $ 2,251   $ 6     $ 3         $ 0          
Beginning balance, common stock (in shares) at Dec. 31, 2021     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 $ 69,023 $ 4 $ 69,019           $ 10,322 $ 10,322 $ 1 $ 10,321
Redemptions of Preferred Stock (in shares)                       (4,640)                    
Redemptions of Preferred Stock                   (111) (111) $ (111) (105) $ (6)                
Redemptions of OP Units (7,670) (3,700)   (3,700)     (3,970)                              
Net income 1,800 1,794     1,794   6                              
Dividends—cumulative redeemable 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     6,529,895         0          
Ending balance at Jun. 30, 2022 651,932 651,932 $ 35 742,070 (96,442) 6,256 0   $ 6     $ 7         $ 0          
Ending balance, common stock (in shares) at Jun. 30, 2022     34,520,068                                      
Beginning balance, preferred stock (in shares) at Mar. 31, 2022                 5,956,065     5,045,023         0          
Beginning balance at Mar. 31, 2022 631,925 629,677 $ 35 713,805 (87,868) 3,694 2,248   $ 6     $ 5         $ 0          
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 33,741 $ 2 33,739                  
Redemptions of Preferred Stock (in shares)                       (2,160)                    
Redemptions of Preferred Stock                   $ (52) (52) $ (52) (49) (3)                
Redemptions of OP Units (7,670) (3,700)   (3,700)     (3,970)                              
Net income 613 616     616   (3)                              
Dividends—cumulative redeemable 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     6,529,895         0          
Ending balance at Jun. 30, 2022 651,932 651,932 $ 35 742,070 (96,442) 6,256 0   $ 6     $ 7         $ 0          
Ending balance, common stock (in shares) at Jun. 30, 2022     34,520,068                                      
Beginning balance, preferred stock (in shares) at Dec. 31, 2022               5,956,065 5,956,065 10,191,353   10,191,353     0   0          
Beginning balance at Dec. 31, 2022 $ 731,362 731,362 $ 35 836,674 (114,370) 9,007 0   $ 6     $ 10         $ 0          
Beginning balance, common stock (in shares) at Dec. 31, 2022 35,050,397   35,050,397                                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Issuance of stock, net (in shares)                       14,069         135,409       729,685  
Issuance of stock, net                   $ 318 318   318   $ 3,028 $ 3,028   $ 3,028 14,078 14,078 $ 1 14,077
Redemptions of Preferred Stock (in shares)                       (48,913)                    
Redemptions of Preferred Stock                   $ (1,176) (1,176) $ (1,200) (1,130) (46)                
Net income $ 9,605 9,605     9,605                                  
Dividends—cumulative redeemable preferred stock (12,152) (12,152)     (12,152)                                  
Distributions—OP Units and common stock (9,836) (9,836)     (9,836)                                  
Comprehensive income (loss) attributable to the Company (293) (293)       (293)                                
Ending balance, preferred stock (in shares) at Jun. 30, 2023               5,956,065 5,956,065 10,156,509   10,156,509     135,409   135,409          
Ending balance at Jun. 30, 2023 $ 734,934 734,934 $ 36 852,967 (126,799) 8,714 0   $ 6     $ 10         $ 0          
Ending balance, common stock (in shares) at Jun. 30, 2023 35,780,082   35,780,082                                      
Beginning balance, preferred stock (in shares) at Mar. 31, 2023                 5,956,065     10,195,602         60,200          
Beginning balance at Mar. 31, 2023 $ 734,880 734,880 $ 36 851,063 (123,594) 7,359     $ 6     $ 10         $ 0          
Beginning balance, common stock (in shares) at Mar. 31, 2023     35,713,982                                      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Issuance of stock, net (in shares)                                 75,209       66,100  
Issuance of stock, net                             $ 1,679 $ 1,679   $ 1,679 $ 1,132 $ 1,132   $ 1,132
Redemptions of Preferred Stock (in shares)                       (39,093)                    
Redemptions of Preferred Stock                   $ (951) $ (951) $ (951) $ (907) $ (44)                
Net income 7,855 7,855     7,855                                  
Dividends—cumulative redeemable preferred stock (6,084) (6,084)     (6,084)                                  
Distributions—OP Units and common stock (4,932) (4,932)     (4,932)                                  
Comprehensive income (loss) attributable to the Company 1,355 1,355       1,355                                
Ending balance, preferred stock (in shares) at Jun. 30, 2023               5,956,065 5,956,065 10,156,509   10,156,509     135,409   135,409          
Ending balance at Jun. 30, 2023 $ 734,934 $ 734,934 $ 36 $ 852,967 $ (126,799) $ 8,714 $ 0   $ 6     $ 10         $ 0          
Ending balance, common stock (in shares) at Jun. 30, 2023 35,780,082   35,780,082