Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

v3.22.2.2
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 (Loss)
Total Stockholders’ Equity
Non- Controlling Interests
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
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, 2020                 5,956,065   1,088,435              
Beginning balance at Dec. 31, 2020 $ 383,790 $ 26 $ 440,470 $ (55,213) $ (1,500) $ 383,790 $ 0   $ 6   $ 1              
Beginning balance, common stock (in shares) at Dec. 31, 2020   26,219,019                                
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)              
Redemptions of Preferred Stock (248)                     (225) $ (23) (248)        
Issuance of OP Units as consideration in real estate acquisitions, net 3,970         0 3,970                      
Net income 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 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   2,600,604              
Ending balance at Sep. 30, 2021 525,447 $ 32 598,693 (74,427) (987) 523,320 2,127   $ 6   $ 3              
Ending balance, common stock (in shares) at Sep. 30, 2021   32,043,989                                
Beginning balance, preferred stock (in shares) at Jun. 30, 2021                 5,956,065   2,029,455              
Beginning balance at Jun. 30, 2021 481,314 $ 30 549,123 (68,533) (1,344) 479,284 2,030   $ 6   $ 2              
Beginning balance, common stock (in shares) at Jun. 30, 2021   30,478,064                                
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)              
Redemptions of Preferred Stock (248)                     (225) (23) (248)        
Net income 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 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   2,600,604              
Ending balance at Sep. 30, 2021 525,447 $ 32 598,693 (74,427) (987) 523,320 2,127   $ 6   $ 3              
Ending balance, common stock (in shares) at Sep. 30, 2021   32,043,989                                
Beginning balance, preferred stock (in shares) at Dec. 31, 2021               5,956,065 5,956,065 3,493,333 3,493,333              
Beginning balance at Dec. 31, 2021 $ 589,066 $ 34 668,275 (80,467) (1,036) 586,815 2,251   $ 6   $ 3              
Beginning balance, common stock (in shares) at Dec. 31, 2021 34,210,013 34,210,013                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     5,522,158         493,992    
Issuance of stock, net                   $ 125,297 $ 6 125,291   125,297 14,885 $ 1 14,884 14,885
Redemptions of Preferred Stock (in shares)                     (22,715)              
Redemptions of Preferred Stock $ (531)                     (516) (15) (531)        
Redemptions of OP Units (7,670)   (3,700)     (3,700) (3,970)                      
Net income 3,606     3,597   3,597 9                      
Dividends—Preferred Stock (13,786)     (13,786)   (13,786)                        
Distributions—OP Units and common stock (14,132)     (14,104)   (14,104) (28)                      
Comprehensive income attributable to the Company 10,491       10,491 10,491                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   (1,738)     (1,738) 1,738                      
Ending balance, preferred stock (in shares) at Sep. 30, 2022               5,956,065 5,956,065 8,992,776 8,992,776              
Ending balance at Sep. 30, 2022 $ 707,226 $ 35 802,496 (104,775) 9,455 707,226 0   $ 6   $ 9              
Ending balance, common stock (in shares) at Sep. 30, 2022 34,704,005 34,704,005                                
Beginning balance, preferred stock (in shares) at Jun. 30, 2022                 5,956,065   6,529,895              
Beginning balance at Jun. 30, 2022 $ 651,932 $ 35 742,070 (96,442) 6,256 651,932 0   $ 6   $ 7              
Beginning balance, common stock (in shares) at Jun. 30, 2022   34,520,068                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of stock, net (in shares)                     2,480,956         183,937    
Issuance of stock, net                   $ 56,274 $ 2 56,272   56,274 $ 4,563   $ 4,563 $ 4,563
Redemptions of Preferred Stock (in shares)                     (18,075)              
Redemptions of Preferred Stock (420)                     $ (411) $ (9) $ (420)        
Net income 1,806     1,804   1,804 2                      
Dividends—Preferred Stock (5,389)     (5,389)   (5,389)                        
Distributions—OP Units and common stock (4,739)     (4,739)   (4,739) 0                      
Comprehensive income attributable to the Company 3,199       3,199 3,199                        
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership 0   2     2 (2)                      
Ending balance, preferred stock (in shares) at Sep. 30, 2022               5,956,065 5,956,065 8,992,776 8,992,776              
Ending balance at Sep. 30, 2022 $ 707,226 $ 35 $ 802,496 $ (104,775) $ 9,455 $ 707,226 $ 0   $ 6   $ 9              
Ending balance, common stock (in shares) at Sep. 30, 2022 34,704,005 34,704,005