Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in  Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Loss
Total Stockholders’ Equity
Non- Controlling Interests
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 B Preferred Stock
Total Stockholders’ Equity
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, 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 $ 21 $ 315,770 $ (38,785) $ (390) $ 276,621 $ 2,349   $ 5         $ 0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                 1,229,531         420,230         979,945    
Issuance of stock, net               $ 27,050 $ 1 $ 27,049   $ 27,050 $ 9,526   $ 9,526   $ 9,526 $ 14,424 $ 1 $ 14,423 $ 14,424
Redemptions of Preferred Stock (in shares)   288,303             (29,335)                        
Redemptions of Preferred Stock 0   4,383     4,383   (680)   (636) $ (44) (680)                  
Redemption of OP Units             (4,383)                            
Net income (loss) 4,864     4,812   4,812 52                            
Dividends—Preferred Stock (6,749)     (6,749)   (6,749)                              
Distributions—OP Units and common stock (8,759)     (8,691)   (8,691) (68)                            
Comprehensive income (loss) attributable to the Company (1,331)       (1,331) (1,331)                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (2,050)     (2,050) 2,050                            
Ending balance, preferred stock (in shares) at Sep. 30, 2020                 5,956,065         420,230              
Ending balance, common stock (in shares) at Sep. 30, 2020   22,204,906                                      
Ending balance at Sep. 30, 2020 317,315 $ 22 368,465 (49,457) (1,721) 317,315 0   $ 6         $ 0              
Beginning balance, preferred stock (in shares) at Jun. 30, 2020                 5,972,482         130,702              
Beginning balance, common stock (in shares) at Jun. 30, 2020   21,534,739                                      
Beginning balance at Jun. 30, 2020 306,383 $ 22 352,677 (45,653) (1,816) 305,236 1,147   $ 6         $ 0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                           289,528         526,016    
Issuance of stock, net                         $ 6,563   6,563   6,563 8,392 $ 0 8,392 8,392
Redemptions of Preferred Stock (in shares)   144,151             (16,417)                        
Redemptions of Preferred Stock 0   2,291     2,291   $ (371)   $ (327) $ (44) $ (371)                  
Redemption of OP Units             (2,291)                            
Net income (loss) 1,581     1,568   1,568 13                            
Dividends—Preferred Stock (2,361)     (2,361)   (2,361)                              
Distributions—OP Units and common stock (2,967)     (2,967)   (2,967) 0                            
Comprehensive income (loss) attributable to the Company 95       95 95                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (1,131)     (1,131) 1,131                            
Ending balance, preferred stock (in shares) at Sep. 30, 2020                 5,956,065         420,230              
Ending balance, common stock (in shares) at Sep. 30, 2020   22,204,906                                      
Ending balance at Sep. 30, 2020 $ 317,315 $ 22 368,465 (49,457) (1,721) 317,315 0   $ 6         $ 0              
Beginning balance, preferred stock (in shares) at Dec. 31, 2020               5,956,065 5,956,065       1,088,435 1,088,435              
Beginning balance, common stock (in shares) at Dec. 31, 2020 26,219,019 26,219,019                                      
Beginning balance at Dec. 31, 2020 $ 383,790 $ 26 440,470 (55,213) (1,500) 383,790     $ 6         $ 1              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                           1,522,089         5,824,970    
Issuance of stock, net                         $ 34,619 $ 2 34,617   34,619 122,051 $ 6 122,045 122,051
Redemptions of Preferred Stock (in shares)                         (9,920) (9,920)              
Redemptions of Preferred Stock (248)                           (225) $ (23) (248)        
Issuance of OP Units as consideration in real estate acquisitions, net 3,970           3,970                            
Net income (loss) 1,526     1,518   1,518 8                            
Dividends—Preferred Stock (8,814)     (8,814)   (8,814)                              
Distributions—OP Units and common stock (11,960)     (11,895)   (11,895) (65)                            
Comprehensive income (loss) attributable to the Company 513       513 513                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   1,786     1,786 (1,786)                            
Ending balance, preferred stock (in shares) at Sep. 30, 2021               5,956,065 5,956,065       2,600,604 2,600,604              
Ending balance, common stock (in shares) at Sep. 30, 2021 32,043,989 32,043,989                                      
Ending balance at Sep. 30, 2021 $ 525,447 $ 32 598,693 (74,427) (987) 523,320 2,127   $ 6         $ 3              
Beginning balance, preferred stock (in shares) at Jun. 30, 2021                 5,956,065         2,029,455              
Beginning balance, common stock (in shares) at Jun. 30, 2021   30,478,064                                      
Beginning balance at Jun. 30, 2021 481,314 $ 30 549,123 (68,533) (1,344) 479,284 2,030   $ 6         $ 2              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Issuance of stock, net (in shares)                           581,069         1,565,925    
Issuance of stock, net                         $ 13,254 $ 1 13,253   13,254 $ 36,661 $ 2 $ 36,659 $ 36,661
Redemptions of Preferred Stock (in shares)                         (9,920) (9,920)              
Redemptions of Preferred Stock                         $ (248)   $ (225) $ (23) $ (248)        
Net income (loss) 1,503     1,495   1,495 8                            
Dividends—Preferred Stock (3,111)     (3,111)   (3,111)                              
Distributions—OP Units and common stock (4,283)     (4,255)   (4,255) (28)                            
Comprehensive income (loss) attributable to the Company 357       357 357                              
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   (117)     (117) 117                            
Ending balance, preferred stock (in shares) at Sep. 30, 2021               5,956,065 5,956,065       2,600,604 2,600,604              
Ending balance, common stock (in shares) at Sep. 30, 2021 32,043,989 32,043,989                                      
Ending balance at Sep. 30, 2021 $ 525,447 $ 32 $ 598,693 $ (74,427) $ (987) $ 523,320 $ 2,127   $ 6         $ 3