Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Equity

v3.25.3
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]                                
Redemptions of preferred stock (in shares)             (115,176)       (201,646)       0  
Redemption of preferred stock net           $ (2,429)   $ (2,562) $ 133 $ (4,202)   $ (4,574) $ 372      
Issuance of stock, net (in shares)                             15,735  
Issuance of stock, net                           $ 341   $ 341
Net income 12,750     12,750                        
Dividends—cumulative redeemable preferred stock (18,247)     (18,247)                        
Distributions—OP Units and common stock (15,031)     (15,031)                        
Comprehensive income (loss) attributable to the Company (1,591)       (1,591)                      
Ending balance, preferred stock (in shares) at Sep. 30, 2024             5,840,889       9,954,863       251,576  
Ending balance at Sep. 30, 2024 691,204 $ 36 849,411 (164,034) 5,775   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Sep. 30, 2024   35,838,442                            
Beginning balance, preferred stock (in shares) at Jun. 30, 2024             5,901,330       10,070,467       247,981  
Beginning balance at Jun. 30, 2024 708,469 $ 36 853,302 (153,226) 8,341   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Jun. 30, 2024   35,838,442                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Redemptions of preferred stock (in shares)             (60,441)       (115,604)       0  
Redemption of preferred stock net           $ (1,296)   $ (1,345) $ 49 $ (2,440)   $ (2,622) $ 182      
Issuance of stock, net (in shares)                             3,595  
Issuance of stock, net                           $ 76   76
Net income 6     6                        
Dividends—cumulative redeemable preferred stock (6,024)     (6,024)                        
Distributions—OP Units and common stock (5,021)     (5,021)                        
Comprehensive income (loss) attributable to the Company (2,566)       (2,566)                      
Ending balance, preferred stock (in shares) at Sep. 30, 2024             5,840,889       9,954,863       251,576  
Ending balance at Sep. 30, 2024 691,204 $ 36 849,411 (164,034) 5,775   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Sep. 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]                                
Redemptions of preferred stock (in shares)                             (1,400)  
Redemption of preferred stock net                           $ (31) $ (31) (31)
Issuance of stock, net (in shares)   122,743                            
Issuance of stock, net $ 1,128   1,128                     $ (4)   (4)
Net income 9,317     9,317                        
Dividends—cumulative redeemable preferred stock (18,006)     (18,006)                        
Distributions—OP Units and common stock (15,209)     (15,209)                        
Comprehensive income (loss) attributable to the Company (2,583)       (2,583)                      
Ending balance, preferred stock (in shares) at Sep. 30, 2025           5,840,889 5,840,889     9,954,863 9,954,863     251,036 251,036  
Ending balance at Sep. 30, 2025 $ 661,794 $ 36 855,152 (198,459) 5,049   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Sep. 30, 2025 36,307,401 36,307,401                            
Beginning balance, preferred stock (in shares) at Jun. 30, 2025             5,840,889       9,954,863       251,636  
Beginning balance at Jun. 30, 2025 $ 670,073 $ 36 854,037 (189,474) 5,458   $ 6       $ 10       $ 0  
Beginning balance, common stock (in shares) at Jun. 30, 2025   36,184,658                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Redemptions of preferred stock (in shares)                             (600)  
Redemption of preferred stock net                           $ (13) $ (13) $ (13)
Issuance of stock, net (in shares)   122,743                            
Issuance of stock, net 1,128   1,128                          
Net income 2,087     2,087                        
Dividends—cumulative redeemable preferred stock (6,002)     (6,002)                        
Distributions—OP Units and common stock (5,070)     (5,070)                        
Comprehensive income (loss) attributable to the Company (409)       (409)                      
Ending balance, preferred stock (in shares) at Sep. 30, 2025           5,840,889 5,840,889     9,954,863 9,954,863     251,036 251,036  
Ending balance at Sep. 30, 2025 $ 661,794 $ 36 $ 855,152 $ (198,459) $ 5,049   $ 6       $ 10       $ 0  
Ending balance, common stock (in shares) at Sep. 30, 2025 36,307,401 36,307,401