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Subsequent Events | 9 Months Ended
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Sep. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Distributions On October 14, 2025, our Board of Directors declared the following monthly distributions for the months of October, November and December of 2025:
Record Date |  | Payment Date |  | Common Stock and Non-controlling OP Unit Distributions per Share |  | Series E Preferred Distributions per Share |  | Series G Preferred Distributions per Share
October 24, 2025 |  | October 31, 2025 |  | $ | 0.10 |  |  | $ | 0.138021 |  |  | $ | 0.125 |
November 17, 2025 |  | November 26, 2025 |  | 0.10 |  |  | 0.138021 |  |  | 0.125 |
December 22, 2025 |  | December 31, 2025 |  | 0.10 |  |  | 0.138021 |  |  | 0.125 |
|  |  |  | $ | 0.30 |  |  | $ | 0.414063 |  |  | $ | 0.375 |
Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: |  | Payment Date |  | Distribution per Share
October |  | November 5, 2025 |  | $ | 0.0875 |
November |  | December 5, 2025 |  | 0.0875 |
December |  | January 5, 2026 |  | 0.0875 |
|  |  |  | $ | 0.2625 |
Series F Preferred Stock Distributions
Record Date |  | Payment Date |  | Distribution per Share
October 27, 2025 |  | November 5, 2025 |  | $ | 0.125 |
November 25, 2025 |  | December 5, 2025 |  | 0.125 |
December 29, 2025 |  | January 5, 2026 |  | 0.125 |
|  |  |  | $ | 0.375 |
Financing Activity On October 10, 2025, we amended, extended, and upsized our Credit Facility, increasing our Revolver from $155.0 million to $200.0 million (and its term to October 2029), decreasing the principal balance of Term Loan A from $160.0 million to $125.0 million (and extending its term to October 2029), increasing the principal balance of Term Loan B from $60.0 million to $143.3 million (and its term to February 2030), decreasing the principal balance of Term Loan C from $150.0 million to $131.7 million, and repaying the full principal balance of Term Loan D. The SOFR spread increased by 10 basis points, ranging from 140 to 210 basis points for the Revolver and 135 to 205 basis points for the Term Loans, depending on our leverage. We incurred fees of approximately $4.2 million in connection with amending, extending, and upsizing our Credit Facility. The Credit Facility’s new bank syndicate is comprised of KeyBank, Fifth Third Bank, The Huntington National Bank, Bank of America, Synovus Bank, PNC Bank, National Association (“PNC Bank”), Webster Bank, National Association (“Webster Bank”), and S&T Bank. On October 30, 2025, we fully repaid one mortgage with an outstanding balance of $3.1 million collateralized by one property. This mortgage had a fixed interest rate of 4.59%.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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