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CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Preferred Stock, Series D
Preferred Stock, Series F
Preferred Stock, Series G
Preferred Stock, Series H
Preferred Stock, Series I
Preferred Stock, Series J
Preferred Stock, Series K
Preferred Stock
Preferred Stock, Series D
Preferred Stock
Preferred Stock, Series F
Preferred Stock
Preferred Stock, Series G
Preferred Stock
Preferred Stock, Series H
Preferred Stock
Preferred Stock, Series I
Preferred Stock
Preferred Stock, Series J
Preferred Stock
Preferred Stock, Series K
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Preferred Stock, Series D
Accumulated Deficit
Preferred Stock, Series F
Accumulated Deficit
Preferred Stock, Series G
Accumulated Deficit
Preferred Stock, Series H
Accumulated Deficit
Preferred Stock, Series I
Accumulated Deficit
Preferred Stock, Series J
Accumulated Deficit
Preferred Stock, Series K
Noncontrolling Interests In Consolidated Entities
Beginning balance, shares (in shares) at Dec. 31, 2022                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     34,495,000                    
Beginning balance, value at Dec. 31, 2022 $ (150,389)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 345 $ 2,383,244 $ (2,534,043)               $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                             (24,000)                    
Purchases of common stock $ (83)                               (83)                  
Equity-based compensation 1,644                               1,644                  
Dividends declared - preferred shares   $ (1,240) $ (1,153) $ (1,412) $ (1,227) $ (1,175) $ (751) $ (37)                     $ (1,240) $ (1,153) $ (1,412) $ (1,227) $ (1,175) $ (751) $ (37)  
Redemption value adjustment (569)                                 (569)                
Redemption value adjustment – preferred stock (1,233)                                 (1,233)                
Noncontrolling interest in consolidated entities recognized upon consolidation of VIE 7,961                                                 7,961
Net income (loss) (85,530)                                 (85,530)                
Ending balance, shares (in shares) at Jun. 30, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     34,493,000                    
Ending balance, value at Jun. 30, 2023 (235,194)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 345 2,384,805 (2,628,370)               7,961
Outstanding at beginning of year, temporary equity (in shares) at Dec. 31, 2022                           87,000 2,000                      
Outstanding at beginning of year, temporary equity at Dec. 31, 2022                           $ 2,004 $ 44                      
Beginning balance, value at Dec. 31, 2022 21,550                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 1,239                                                  
Issuance of restricted shares/units (in shares)                               22,000                    
Issuance of preferred shares (in shares)             1,487,000 70,000           1,490,000 70,000                      
Issuances of preferred stock                           $ 33,091 $ 1,671                      
Redemption value adjustment 569                                                  
Redemption value adjustment – preferred stock             $ 1,182 $ 51                                    
Redemption of preferred stock (in shares)                           (2,000)                        
Redemption of preferred stock                           $ (53)                        
Net income (loss) (949)                                                  
Outstanding at end of year, temporary equity (in shares) at Jun. 30, 2023                           1,575,000 72,000                      
Outstanding at end of year, temporary equity at Jun. 30, 2023                           $ 36,224 $ 1,766                      
Ending balance, value at Jun. 30, 2023 22,409                                                  
Beginning balance, shares (in shares) at Dec. 31, 2022                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     34,495,000                    
Beginning balance, value at Dec. 31, 2022 (150,389)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 345 2,383,244 (2,534,043)               0
Ending balance, shares (in shares) at Dec. 31, 2023                 1,160,000 1,175,000 1,532,000 1,170,000 1,161,000     37,422,000                    
Ending balance, value at Dec. 31, 2023 (331,042)               $ 12 $ 11 $ 15 $ 12 $ 12     $ 374 2,382,975 (2,729,312)               14,859
Outstanding at beginning of year, temporary equity (in shares) at Dec. 31, 2022                           87,000 2,000                      
Outstanding at beginning of year, temporary equity at Dec. 31, 2022                           $ 2,004 $ 44                      
Beginning balance, value at Dec. 31, 2022 21,550                                                  
Outstanding at end of year, temporary equity (in shares) at Dec. 31, 2023             3,475,318 194,193           3,475,000 194,000                      
Outstanding at end of year, temporary equity at Dec. 31, 2023             $ 79,975 $ 4,783           $ 79,975 $ 4,783                      
Ending balance, value at Dec. 31, 2023 22,007                                                  
Beginning balance, shares (in shares) at Mar. 31, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     34,478,000                    
Beginning balance, value at Mar. 31, 2023 $ (214,381)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 345 2,384,000 (2,598,791)               0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                             (7,000)                    
Purchases of common stock $ (27)                               (27)                  
Equity-based compensation 832                               832                  
Dividends declared - preferred shares   (620) (576) (706) (614) (588) $ (618) $ (30)                     (620) (576) (706) (614) (588) (618) (30)  
Redemption value adjustment (393)                                 (393)                
Redemption value adjustment – preferred stock (826)                                 (826)                
Noncontrolling interest in consolidated entities recognized upon consolidation of VIE 7,961                                                 7,961
Net income (loss) (24,608)                                 (24,608)                
Ending balance, shares (in shares) at Jun. 30, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     34,493,000                    
Ending balance, value at Jun. 30, 2023 (235,194)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 345 2,384,805 (2,628,370)               7,961
Outstanding at beginning of year, temporary equity (in shares) at Mar. 31, 2023                           502,000 34,000                      
Outstanding at beginning of year, temporary equity at Mar. 31, 2023                           $ 11,543 $ 843                      
Beginning balance, value at Mar. 31, 2023 21,617                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 748                                                  
Issuance of restricted shares/units (in shares)                               22,000                    
Issuance of preferred shares (in shares)             1,073,000 38,000           1,075,000 38,000                      
Issuances of preferred stock                           $ 23,932 $ 899                      
Redemption value adjustment 393                                                  
Redemption value adjustment – preferred stock             $ 802 $ 24                                    
Redemption of preferred stock (in shares)                           (2,000)                        
Redemption of preferred stock                           $ (53)                        
Net income (loss) (349)                                                  
Outstanding at end of year, temporary equity (in shares) at Jun. 30, 2023                           1,575,000 72,000                      
Outstanding at end of year, temporary equity at Jun. 30, 2023                           $ 36,224 $ 1,766                      
Ending balance, value at Jun. 30, 2023 22,409                                                  
Beginning balance, shares (in shares) at Dec. 31, 2023                 1,160,000 1,175,000 1,532,000 1,170,000 1,161,000     37,422,000                    
Beginning balance, value at Dec. 31, 2023 $ (331,042)               $ 12 $ 11 $ 15 $ 12 $ 12     $ 374 2,382,975 (2,729,312)               14,859
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                             (32,000)                    
Purchases of common stock $ (49)                               (49)                  
Equity-based compensation 536                               496                 40
Issuance of restricted shares/units (in shares)                               40,000                    
Issuance of common stock (in shares)                               6,165,000                    
Issuance of common stock 7,800                             $ 62 7,738                  
Dividends declared - preferred shares   (1,223) (1,014) (1,399) (1,026) (1,054) $ (4,473) $ (290)                     (1,223) (1,014) (1,399) (1,026) (1,054) (4,473) (290)  
Dividends Declared - Stirling OP (8)                                                 (8)
Issuance of Stirling OP common units 41                                                 41
Redemption value adjustment 1,204                                 1,204                
Redemption value adjustment – preferred stock (1,351)                                 (1,351)                
Redemption of preferred stock (in shares)                               509,000                    
Redemption of preferred stock 595                             $ 5 590                  
Contributions from noncontrolling interests in consolidated entities 2,979                                                 2,979
Extinguishment of preferred stock (in shares)                   (80,000) (29,000) (80,000) (57,000)     2,654,000                    
Extinguishment of preferred stock 0                     $ (1) $ (1)     $ 27 (1,809) 1,784                
Net income (loss) 121,798                                 121,815               (17)
Ending balance, shares (in shares) at Jun. 30, 2024                 1,160,000 1,095,000 1,503,000 1,090,000 1,104,000     46,758,000                    
Ending balance, value at Jun. 30, 2024 (207,976)               $ 12 $ 11 $ 15 $ 11 $ 11     $ 468 2,389,941 (2,616,339)               17,894
Outstanding at beginning of year, temporary equity (in shares) at Dec. 31, 2023             3,475,318 194,193           3,475,000 194,000                      
Outstanding at beginning of year, temporary equity at Dec. 31, 2023             $ 79,975 $ 4,783           $ 79,975 $ 4,783                      
Beginning balance, value at Dec. 31, 2023 22,007                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 751                                                  
Issuance of preferred shares (in shares)             1,717,000 170,000           1,749,000 170,000                      
Issuances of preferred stock                           $ 39,048 $ 4,095                      
Redemption value adjustment (1,204)                                                  
Redemption value adjustment – preferred stock             $ 1,220 $ 131                                    
Redemption of preferred stock (in shares)                           (18,000) (6,000)                      
Redemption of preferred stock                           $ (426) $ (169)                      
Distributions to noncontrolling interests 1,418                                                  
Outstanding at end of year, temporary equity (in shares) at Jun. 30, 2024             5,206,397 357,934           5,206,000 358,000                      
Outstanding at end of year, temporary equity at Jun. 30, 2024             $ 119,817 $ 8,840           $ 119,817 $ 8,840                      
Ending balance, value at Jun. 30, 2024 22,972                                                  
Beginning balance, shares (in shares) at Mar. 31, 2024                 1,160,000 1,104,000 1,532,000 1,099,000 1,144,000     40,167,000                    
Beginning balance, value at Mar. 31, 2024 $ (259,884)               $ 12 $ 11 $ 15 $ 11 $ 11     $ 402 2,383,814 (2,661,080)               16,920
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                                                  
Equity-based compensation $ 203                               176                 27
Issuance of restricted shares/units (in shares)                               40,000                    
Issuance of restricted shares/units 1                             $ 1                    
Issuance of common stock (in shares)                               4,749,000                    
Issuance of common stock 5,664                             $ 47 5,617                  
Dividends declared - preferred shares   $ (610) $ (505) $ (693) $ (511) $ (518) $ (2,461) $ (170)                     $ (610) $ (505) $ (693) $ (511) $ (518) $ (2,461) $ (170)  
Dividends Declared - Stirling OP (4)                                                 (4)
Issuance of Stirling OP common units 28                                                 28
Redemption value adjustment 413                                 413                
Redemption value adjustment – preferred stock (669)                                 (669)                
Redemption of preferred stock (in shares)                               486,000                    
Redemption of preferred stock 563                             $ 5 558                  
Contributions from noncontrolling interests in consolidated entities 931                                                 931
Extinguishment of preferred stock (in shares)                   (9,000) (29,000) (9,000) (40,000)     1,316,000                    
Extinguishment of preferred stock 0                     $ 0 $ 0     $ 13 (224) 211                
Net income (loss) 50,246                                 50,254               (8)
Ending balance, shares (in shares) at Jun. 30, 2024                 1,160,000 1,095,000 1,503,000 1,090,000 1,104,000     46,758,000                    
Ending balance, value at Jun. 30, 2024 (207,976)               $ 12 $ 11 $ 15 $ 11 $ 11     $ 468 $ 2,389,941 $ (2,616,339)               $ 17,894
Outstanding at beginning of year, temporary equity (in shares) at Mar. 31, 2024                           4,353,000 262,000                      
Outstanding at beginning of year, temporary equity at Mar. 31, 2024                           $ 100,192 $ 6,434                      
Beginning balance, value at Mar. 31, 2024 22,300                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 520                                                  
Issuance of preferred shares (in shares)             853,000 101,000           871,000 101,000                      
Issuances of preferred stock                           $ 19,486 $ 2,439                      
Redemption value adjustment (413)                                                  
Redemption value adjustment – preferred stock             $ 565 $ 104                                    
Redemption of preferred stock (in shares)                           (18,000) (5,000)                      
Redemption of preferred stock                           $ (426) $ (137)                      
Net income (loss) 565                                                  
Outstanding at end of year, temporary equity (in shares) at Jun. 30, 2024             5,206,397 357,934           5,206,000 358,000                      
Outstanding at end of year, temporary equity at Jun. 30, 2024             $ 119,817 $ 8,840           $ 119,817 $ 8,840                      
Ending balance, value at Jun. 30, 2024 $ 22,972