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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Common Stock | Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated Undistributed Net Income | Accumulated Distributions in Excess of Net Income | Non-Controlling Interests in Consolidated Joint Ventures | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balances at Dec. 31, 2017 | $ 18,261 | $ 275,087 | $ 155 | $ 3,257 |  | $ 1,742 | $ 298,502
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  |  | $ (8,581) |  | (8,581)
Restricted stock vesting | 106 | (106) |  |  |  |  |
Shares issued through dividend reinvestment plan | 50 | 1,131 |  |  |  |  | 1,181
Distributions to non-controlling interests |  |  |  |  |  | (1,082) | (1,082)
Compensation expense - restricted stock |  | 826 |  |  |  |  | 826
Net income (loss) |  |  |  | 5,851 |  | 802 | 6,653
Other comprehensive income (loss) |  |  | 2,744 |  |  | 6 | 2,750
Balances at Mar. 31, 2018 | 18,417 | 276,938 | 2,899 | 527 |  | 1,468 | 300,249
Balances at Dec. 31, 2017 | 18,261 | 275,087 | 155 | 3,257 |  | 1,742 | 298,502
Distributions - common stock |  |  |  |  |  |  |
Net income (loss) |  |  |  |  |  |  | 21,381
Other comprehensive income (loss) |  |  |  |  |  |  | 4,637
Balances at Sep. 30, 2018 | 18,669 | 284,772 | 4,781 |  | (2,155) | 1,439 | 307,506
Balances at Mar. 31, 2018 | 18,417 | 276,938 | 2,899 | 527 |  | 1,468 | 300,249
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  | (8,652) |  |  | (8,652)
Shares issued through equity offering program - net | 93 | 2,165 |  |  |  |  | 2,258
Shares issued through dividend reinvestment plan | 65 | 1,437 |  |  |  |  | 1,502
Distributions to non-controlling interests |  |  |  |  |  | (77) | (77)
Compensation expense - restricted stock |  | 856 |  |  |  |  | 856
Net income (loss) |  |  |  | 4,517 |  | 29 | 4,546
Other comprehensive income (loss) |  |  | 1,014 |  |  | 2 | 1,016
Balances at Jun. 30, 2018 | 18,575 | 281,396 | 3,913 | (3,608) |  | 1,422 | 301,698
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  |  | (8,694) |  | (8,694)
Shares issued through equity offering program - net | 33 | 879 |  |  |  |  | 912
Shares issued through dividend reinvestment plan | 61 | 1,526 |  |  |  |  | 1,587
Distributions to non-controlling interests |  |  |  |  |  | (21) | (21)
Compensation expense - restricted stock |  | 971 |  |  |  |  | 971
Net income (loss) |  |  |  | 10,147 |  | 35 | 10,182
Other comprehensive income (loss) |  |  | 868 |  |  | 3 | 871
Balances at Sep. 30, 2018 | 18,669 | 284,772 | 4,781 |  | (2,155) | 1,439 | 307,506
Balances at Dec. 31, 2018 | 18,736 | 287,250 | 1,890 |  | (10,730) | 1,449 | 298,595
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  |  | (8,832) |  | (8,832)
Restricted stock vesting | 112 | (112) |  |  |  |  |
Shares issued through equity offering program - net | 37 | 1,002 |  |  |  |  | 1,039
Shares issued through dividend reinvestment plan | 52 | 1,147 |  |  |  |  | 1,199
Distributions to non-controlling interests |  |  |  |  |  | (5) | (5)
Compensation expense - restricted stock |  | 954 |  |  |  |  | 954
Net income (loss) |  |  |  | 3,971 |  | 40 | 4,011
Other comprehensive income (loss) |  |  | (1,572) |  |  | (5) | (1,577)
Balances at Mar. 31, 2019 | 18,937 | 290,241 | 318 |  | (15,591) | 1,479 | 295,384
Balances at Dec. 31, 2018 | 18,736 | 287,250 | 1,890 |  | (10,730) | 1,449 | 298,595
Distributions - common stock |  |  |  |  |  |  |
Net income (loss) |  |  |  |  |  |  | 13,666
Other comprehensive income (loss) |  |  |  |  |  |  | (5,275)
Balances at Sep. 30, 2019 | 19,197 | 299,198 | (3,374) |  | (24,225) | 1,172 | 291,968
Balances at Mar. 31, 2019 | 18,937 | 290,241 | 318 |  | (15,591) | 1,479 | 295,384
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  | (8,922) |  |  | (8,922)
Shares issued through equity offering program - net | 143 | 4,132 |  |  |  |  | 4,275
Shares issued through dividend reinvestment plan | 59 | 1,529 |  |  |  |  | 1,588
Distributions to non-controlling interests |  |  |  |  |  | (692) | (692)
Compensation expense - restricted stock |  | 938 |  |  |  |  | 938
Net income (loss) |  |  |  | 4,112 |  | 446 | 4,558
Other comprehensive income (loss) |  |  | (2,514) |  |  | (4) | (2,518)
Balances at Jun. 30, 2019 | 19,139 | 296,840 | (2,196) | (20,401) |  | 1,229 | 294,611
Distributions - common stock |  |  |  |  |  |  |
Cash - $.45 per share |  |  |  |  | (8,942) |  | (8,942)
Restricted stock vesting | 3 | (3) |  |  |  |  |
Shares issued through equity offering program - net |  | (58) |  |  |  |  | (58)
Shares issued through dividend reinvestment plan | 55 | 1,477 |  |  |  |  | 1,532
Distributions to non-controlling interests |  |  |  |  |  | (34) | (34)
Compensation expense - restricted stock |  | 942 |  |  |  |  | 942
Net income (loss) |  |  |  | $ 5,118 |  | (21) | 5,097
Other comprehensive income (loss) |  |  | (1,178) |  |  | (2) | (1,180)
Balances at Sep. 30, 2019 | $ 19,197 | $ 299,198 | $ (3,374) |  | $ (24,225) | $ 1,172 | $ 291,968

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