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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     3,450,000                    
Beginning balance, value at Dec. 31, 2022 $ (150,389)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 35 $ 2,383,554 $ (2,534,043)               $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                             (3,000)                    
Purchases of common stock $ (83)                               (83)                  
Equity-based compensation 2,518                               2,518                  
Dividends declared - preferred shares   $ (1,861) $ (1,730) $ (2,118) $ (1,840) $ (1,762) $ (1,881) $ (98)                     $ (1,861) $ (1,730) $ (2,118) $ (1,840) $ (1,762) $ (1,881) $ (98)  
Redemption value adjustment (826)                                 (826)                
Redemption value adjustment – preferred stock (1,993)                                 (1,993)                
Contributions from noncontrolling interests in consolidated entities 5,192                                                 5,192
Noncontrolling interest in consolidated entities recognized upon consolidation of VIE 7,961                                                 7,961
Net income (loss) (149,092)                                 (149,092)                
Ending balance, shares (in shares) at Sep. 30, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     3,451,000                    
Ending balance, value at Sep. 30, 2023 (298,002)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 35 2,385,989 (2,697,244)               13,153
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 1,856                                                  
Issuance of restricted shares/units (in shares)                               4,000                    
Issuance of preferred shares (in shares)             2,535,000 152,000           2,545,000 152,000                      
Issuances of preferred stock                           $ 56,658 $ 3,656                      
Redemption value adjustment 826                                                  
Redemption value adjustment – preferred stock             $ 1,895 $ 98                                    
Redemption of preferred stock (in shares)                           (3,000)                        
Redemption of preferred stock                           $ (75)                        
Net income (loss) (1,838)                                                  
Outstanding at end of year, temporary equity (in shares) at Sep. 30, 2023                           2,629,000 154,000                      
Outstanding at end of year, temporary equity at Sep. 30, 2023                           $ 60,482 $ 3,798                      
Ending balance, value at Sep. 30, 2023 22,394                                                  
Beginning balance, shares (in shares) at Dec. 31, 2022                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     3,450,000                    
Beginning balance, value at Dec. 31, 2022 (150,389)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 35 2,383,554 (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     3,742,000                    
Ending balance, value at Dec. 31, 2023 (331,042)               $ 12 $ 11 $ 15 $ 12 $ 12     $ 37 2,383,312 (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 Jun. 30, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     3,449,000                    
Beginning balance, value at Jun. 30, 2023 $ (235,194)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 35 2,385,115 (2,628,370)               7,961
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                                                  
Equity-based compensation $ 874                               874                  
Dividends declared - preferred shares   (621) (577) (706) (613) (587) $ (1,130) $ (61)                     (621) (577) (706) (613) (587) (1,130) (61)  
Redemption value adjustment (257)                                 (257)                
Redemption value adjustment – preferred stock (760)                                 (760)                
Noncontrolling interest in consolidated entities recognized upon consolidation of VIE 5,192                                                 5,192
Net income (loss) (63,562)                                 (63,562)                
Ending balance, shares (in shares) at Sep. 30, 2023                 1,174,000 1,251,000 1,532,000 1,308,000 1,253,000     3,451,000                    
Ending balance, value at Sep. 30, 2023 (298,002)               $ 12 $ 12 $ 15 $ 13 $ 13     $ 35 2,385,989 (2,697,244)               13,153
Outstanding at beginning of year, temporary equity (in shares) at Jun. 30, 2023                           1,575,000 72,000                      
Outstanding at beginning of year, temporary equity at Jun. 30, 2023                           $ 36,224 $ 1,766                      
Beginning balance, value at Jun. 30, 2023 22,409                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 617                                                  
Issuance of restricted shares/units (in shares)                               2,000                    
Issuance of preferred shares (in shares)             1,048,000 82,000           1,055,000 82,000                      
Issuances of preferred stock                           $ 23,567 $ 1,985                      
Redemption value adjustment 257                                                  
Redemption value adjustment – preferred stock             $ 713 $ 47                                    
Redemption of preferred stock (in shares)                           (1,000)                        
Redemption of preferred stock                           $ (22)                        
Net income (loss) (889)                                                  
Outstanding at end of year, temporary equity (in shares) at Sep. 30, 2023                           2,629,000 154,000                      
Outstanding at end of year, temporary equity at Sep. 30, 2023                           $ 60,482 $ 3,798                      
Ending balance, value at Sep. 30, 2023 22,394                                                  
Beginning balance, shares (in shares) at Dec. 31, 2023                 1,160,000 1,175,000 1,532,000 1,170,000 1,161,000     3,742,000                    
Beginning balance, value at Dec. 31, 2023 $ (331,042)               $ 12 $ 11 $ 15 $ 12 $ 12     $ 37 2,383,312 (2,729,312)               14,859
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                             (3,000)                    
Purchases of common stock $ (49)                               (49)                  
Equity-based compensation 639                               573                 66
Issuance of restricted shares/units (in shares)                               4,000                    
Issuance of common stock (in shares)                               736,000                    
Issuance of common stock 8,935                             $ 7 8,928                  
Dividends declared - preferred shares   (1,810) (1,492) (2,078) (1,514) (1,539) $ (7,420) $ (526)                     (1,810) (1,492) (2,078) (1,514) (1,539) (7,420) (526)  
Dividends Declared - Stirling OP (12)                                                 (12)
Issuance of Stirling OP common units 44                                                 44
Redemption value adjustment 896                                 896                
Redemption value adjustment – preferred stock (2,253)                                 (2,253)                
Redemption of preferred stock (in shares)                               203,000                    
Redemption of preferred stock 1,901                             $ 2 1,899                  
Contributions from noncontrolling interests in consolidated entities 4,866                                                 4,866
Extinguishment of preferred stock (in shares)                 49,000 138,000 59,000 129,000 127,000     762,000                    
Extinguishment of preferred stock 0               $ (1) $ (1)   $ (2) $ (1)     $ 8 (3,343) 3,340                
Distributions to noncontrolling interests in consolidated entities (2,512)                                                 (2,512)
Net income (loss) 63,416                                 63,910               (494)
Ending balance, shares (in shares) at Sep. 30, 2024                 1,111,000 1,037,000 1,473,000 1,041,000 1,034,000     5,444,000                    
Ending balance, value at Sep. 30, 2024 (271,550)               $ 11 $ 10 $ 15 $ 10 $ 11     $ 54 2,391,320 (2,679,798)               16,817
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 892                                                  
Issuance of preferred shares (in shares)             2,697,000 344,000           2,753,000 345,000                      
Issuances of preferred stock                           $ 61,461 $ 8,262                      
Redemption value adjustment (896)                                                  
Redemption value adjustment – preferred stock             $ 1,983 $ 270                                    
Redemption of preferred stock (in shares)                           (70,000) (12,000)                      
Redemption of preferred stock                           $ (1,610) $ (291)                      
Net income (loss) 672                                                  
Outstanding at end of year, temporary equity (in shares) at Sep. 30, 2024             6,158,835 526,708           6,158,000 527,000                      
Outstanding at end of year, temporary equity at Sep. 30, 2024             $ 141,809 $ 13,024           $ 141,809 $ 13,024                      
Ending balance, value at Sep. 30, 2024 22,675                                                  
Beginning balance, shares (in shares) at Jun. 30, 2024                 1,160,000 1,095,000 1,503,000 1,090,000 1,104,000     4,676,000                    
Beginning balance, value at Jun. 30, 2024 $ (207,976)               $ 12 $ 11 $ 15 $ 11 $ 11     $ 47 2,390,362 (2,616,339)               17,894
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Purchases of common stock (in shares) 0                                                  
Equity-based compensation $ 103                               77                 26
Issuance of common stock (in shares)                               120,000                    
Issuance of common stock 1,135                               1,135                  
Dividends declared - preferred shares   $ (587) $ (478) $ (679) $ (488) $ (485) $ (2,947) $ (236)                     $ (587) $ (478) $ (679) $ (488) $ (485) $ (2,947) $ (236)  
Dividends Declared - Stirling OP (4)                                                 (4)
Issuance of Stirling OP common units 3                                                 3
Redemption value adjustment (308)                                 (308)                
Redemption value adjustment – preferred stock (902)                                 (902)                
Redemption of preferred stock (in shares)                               152,000                    
Redemption of preferred stock 1,306                             $ 1 1,305                  
Contributions from noncontrolling interests in consolidated entities 1,887                                                 1,887
Extinguishment of preferred stock (in shares)                 49,000 58,000 30,000 49,000 70,000     496,000                    
Extinguishment of preferred stock 0               $ (1) $ (1)   $ (1)       $ 6 (1,559) 1,556                
Distributions to noncontrolling interests in consolidated entities (2,512)                                                 (2,512)
Net income (loss) (58,382)                                 (57,905)               (477)
Ending balance, shares (in shares) at Sep. 30, 2024                 1,111,000 1,037,000 1,473,000 1,041,000 1,034,000     5,444,000                    
Ending balance, value at Sep. 30, 2024 (271,550)               $ 11 $ 10 $ 15 $ 10 $ 11     $ 54 $ 2,391,320 $ (2,679,798)               $ 16,817
Outstanding at beginning of year, temporary equity (in shares) at Jun. 30, 2024                           5,206,000 358,000                      
Outstanding at beginning of year, temporary equity at Jun. 30, 2024                           $ 119,817 $ 8,840                      
Beginning balance, value at Jun. 30, 2024 22,972                                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                                    
Equity-based compensation 141                                                  
Issuance of preferred shares (in shares)             980,000 174,000           1,004,000 175,000                      
Issuances of preferred stock                           $ 22,413 $ 4,167                      
Redemption value adjustment 308                                                  
Redemption value adjustment – preferred stock             $ 763 $ 139                                    
Redemption of preferred stock (in shares)                           (52,000) (6,000)                      
Redemption of preferred stock                           $ (1,184) $ (122)                      
Net income (loss) (746)                                                  
Outstanding at end of year, temporary equity (in shares) at Sep. 30, 2024             6,158,835 526,708           6,158,000 527,000                      
Outstanding at end of year, temporary equity at Sep. 30, 2024             $ 141,809 $ 13,024           $ 141,809 $ 13,024                      
Ending balance, value at Sep. 30, 2024 $ 22,675