Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Comprehensive Income
Distributions in Excess of Accumulated Earnings
Total Stockholders’ Equity
Non- Controlling Interest
Series B Preferred Stock
Series B Preferred Stock
Preferred Stock
Series B Preferred Stock
Additional Paid-in Capital
Series B 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, 2017                 0            
Beginning balance, common stock (in shares) at Dec. 31, 2017   13,791,574                          
Beginning balance at Dec. 31, 2017 $ 117,951 $ 14 $ 129,705 $ 0 $ (19,802) $ 109,917 $ 8,034   $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock, net (in shares)                 1,144,393       3,701,955    
Issuance of stock, net               $ 25,601 $ 1 $ 25,600 $ 25,601 $ 44,337 $ 4 $ 44,333 $ 44,337
Redemptions of OP Units (in shares)   397,811                          
Redemptions of OP Units (523)   4,886     4,886 (5,409)                
Net income 2,766       2,629 2,629 137                
Dividends—Series B Preferred Stock (379)       (379) (379)                  
Distributions—common stock and OP Units (8,700)       (8,274) (8,274) (426)                
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   (2,471)     (2,471) 2,471                
Ending balance, preferred stock (in shares) at Dec. 31, 2018               1,144,393 1,144,393            
Ending balance, common stock (in shares) at Dec. 31, 2018 17,891,340 17,891,340                          
Ending balance at Dec. 31, 2018 $ 181,053 $ 18 202,053 0 (25,826) 176,246 4,807   $ 1            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of stock, net (in shares)                 3,626,076       2,474,439    
Issuance of stock, net               $ 80,742 $ 4 $ 80,738 $ 80,742 $ 27,697 $ 2 $ 27,695 $ 27,697
Redemptions of Series B Preferred Stock (in shares)                 14,600            
Redemptions of Series B Preferred Stock (340)   (340)     (340)     $ (340)            
Issuance of OP Units as consideration in real estate acquisitions, net 3,275           3,275                
Redemptions of OP Units (in shares)   570,879                          
Redemptions of OP Units 0 $ 1 4,714     4,715 (4,715)                
Accumulated Other Comprehensive Income (390)     (390)                      
Net income 1,762       1,741 1,741 21                
Dividends—Series B Preferred Stock (4,240)       (4,240) (4,240)                  
Distributions—common stock and OP Units (10,589)       (10,460) (10,460) (129)                
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership $ 0   910     910 (910)                
Ending balance, preferred stock (in shares) at Dec. 31, 2019               4,755,869 4,755,869            
Ending balance, common stock (in shares) at Dec. 31, 2019 20,936,658 20,936,658                          
Ending balance at Dec. 31, 2019 $ 278,970 $ 21 $ 315,770 $ (390) $ (38,785) $ 276,621 $ 2,349   $ 5