Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.23.3
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
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]                                      
Redemptions of preferred stock, net (in shares)                       (22,715)              
Redemptions of preferred stock, net                   $ (531) $ (531) $ (531) $ (516) $ (15)          
Issuance of stock, net (in shares)                       5,522,158             493,992
Issuance of stock, net 14,885 14,885   14,884           125,297 125,297 $ 6 125,291           $ 1
Redemptions of OP Units (7,670) (3,700)   (3,700)     (3,970)                        
Net income 3,606 3,597     3,597   9                        
Dividends—cumulative redeemable preferred stock (13,786) (13,786)     (13,786)                            
Distributions—OP Units and common stock (14,132) (14,104)     (14,104)   (28)                        
Comprehensive income (loss) 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     8,992,776         0    
Ending balance at Sep. 30, 2022 707,226 707,226 $ 35 802,496 (104,775) 9,455 0   $ 6     $ 9         $ 0    
Ending balance, common stock (in shares) at Sep. 30, 2022     34,704,005                                
Beginning balance, preferred stock (in shares) at Jun. 30, 2022                 5,956,065     6,529,895         0    
Beginning balance at Jun. 30, 2022 651,932 651,932 $ 35 742,070 (96,442) 6,256 0   $ 6     $ 7         $ 0    
Beginning balance, common stock (in shares) at Jun. 30, 2022     34,520,068                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Redemptions of preferred stock, net (in shares)                       (18,075)              
Redemptions of preferred stock, net                   (420) (420) $ (420) (411) (9)          
Issuance of stock, net (in shares)                       2,480,956             183,937
Issuance of stock, net 4,563 4,563   4,563           $ 56,274 56,274 $ 2 56,272            
Net income 1,806 1,804     1,804   2                        
Dividends—cumulative redeemable preferred stock (5,389) (5,389)     (5,389)                            
Distributions—OP Units and common stock (4,739) (4,739)     (4,739)                            
Comprehensive income (loss) 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     8,992,776         0    
Ending balance at Sep. 30, 2022 707,226 707,226 $ 35 802,496 (104,775) 9,455 0   $ 6     $ 9         $ 0    
Ending balance, common stock (in shares) at Sep. 30, 2022     34,704,005                                
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]                                      
Redemptions of preferred stock, net (in shares)                       (48,913)         (1,600)    
Redemptions of preferred stock, net                   $ (1,156) (1,156) $ (1,200) (1,110) $ (46) $ (36) $ (36) $ (36) $ (36)  
Issuance of stock, net (in shares)                       14,069         223,081   788,045
Issuance of stock, net $ 15,080 15,080   15,079           $ 298 $ 298   $ 298   $ 4,986 4,986   4,986 $ 1
Net income 12,746 12,746     12,746                            
Dividends—cumulative redeemable preferred stock (18,257) (18,257)     (18,257)                            
Distributions—OP Units and common stock (14,801) (14,801)     (14,801)                            
Comprehensive income (loss) attributable to the Company 1,264 1,264       1,264                          
Ending balance, preferred stock (in shares) at Sep. 30, 2023               5,956,065 5,956,065 10,156,509   10,156,509     221,481   221,481    
Ending balance at Sep. 30, 2023 $ 731,486 731,486 $ 36 855,891 (134,728) 10,271 0   $ 6     $ 10         $ 0    
Ending balance, common stock (in shares) at Sep. 30, 2023 35,838,442   35,838,442                                
Beginning balance, preferred stock (in shares) at Jun. 30, 2023                 5,956,065     10,156,509         135,409    
Beginning balance at Jun. 30, 2023 $ 734,934 734,934 $ 36 852,967 (126,799) 8,714 0   $ 6     $ 10         $ 0    
Beginning balance, common stock (in shares) at Jun. 30, 2023     35,780,082                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Redemptions of preferred stock, net (in shares)                                 (1,600)    
Redemptions of preferred stock, net                             $ (36) (36) $ (36) (36)  
Issuance of stock, net (in shares)                                 87,672   58,360
Issuance of stock, net 1,002 1,002   1,002                     $ 1,958 $ 1,958   $ 1,958  
Net income 3,141 3,141     3,141                            
Dividends—cumulative redeemable preferred stock (6,105) (6,105)     (6,105)                            
Distributions—OP Units and common stock (4,965) (4,965)     (4,965)                            
Comprehensive income (loss) attributable to the Company 1,557 1,557       1,557                          
Ending balance, preferred stock (in shares) at Sep. 30, 2023               5,956,065 5,956,065 10,156,509   10,156,509     221,481   221,481    
Ending balance at Sep. 30, 2023 $ 731,486 $ 731,486 $ 36 $ 855,891 $ (134,728) $ 10,271 $ 0   $ 6     $ 10         $ 0    
Ending balance, common stock (in shares) at Sep. 30, 2023 35,838,442   35,838,442