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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Common Stock
Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Distributions in Excess of Net Income
Non-Controlling Interests in Consolidated Joint Ventures
Total
Balances at Dec. 31, 2021 $ 20,239 $ 322,793 $ (1,513) $ (36,187) $ 946 $ 306,278
Distributions - common stock            
Cash       (9,559)   (9,559)
Restricted stock vesting 131 (131)        
Shares issued through equity offering program - net 17 546       563
Shares issued through dividend reinvestment plan 5 156       161
Distributions to non-controlling interests         (33) (33)
Compensation expense - restricted stock and RSUs   1,325       1,325
Net income       9,323 17 9,340
Other comprehensive income (loss)     1,773   2 1,775
Balances at Mar. 31, 2022 20,392 324,689 260 (36,423) 932 309,850
Balances at Dec. 31, 2021 20,239 322,793 (1,513) (36,187) 946 306,278
Distributions - common stock            
Net income           26,125
Balances at Jun. 30, 2022 20,281 323,104 925 (29,150) 942 316,102
Balances at Mar. 31, 2022 20,392 324,689 260 (36,423) 932 309,850
Distributions - common stock            
Cash       (9,494)   (9,494)
Restricted stock vesting 16 (16)        
Repurchases of common stock - net (133) (3,285)       (3,418)
Shares issued through dividend reinvestment plan 6 157       163
Distributions to non-controlling interests         (8) (8)
Compensation expense - restricted stock and RSUs   1,559       1,559
Net income       16,767 18 16,785
Other comprehensive income (loss)     665     665
Balances at Jun. 30, 2022 20,281 323,104 925 (29,150) 942 316,102
Balances at Dec. 31, 2022 20,362 325,895 1,810 (32,102) 972 316,937
Distributions - common stock            
Cash       (9,628)   (9,628)
Restricted stock vesting 135 (135)        
Shares issued through dividend reinvestment plan 49 1,025       1,074
Distributions to non-controlling interests         (9) (9)
Compensation expense - restricted stock and RSUs   1,328       1,328
Net income       5,386 22 5,408
Other comprehensive income (loss)     (409)     (409)
Balances at Mar. 31, 2023 20,546 328,113 1,401 (36,344) 985 314,701
Balances at Dec. 31, 2022 20,362 325,895 1,810 (32,102) 972 316,937
Distributions - common stock            
Net income           11,947
Balances at Jun. 30, 2023 20,540 329,326 1,543 (39,451) 997 312,955
Balances at Mar. 31, 2023 20,546 328,113 1,401 (36,344) 985 314,701
Distributions - common stock            
Cash       (9,626)   (9,626)
Restricted stock vesting 17 (17)        
Repurchases of common stock - net (73) (1,382)       (1,455)
Shares issued through equity offering program - net 50 1,048       1,098
Distributions to non-controlling interests         (7) (7)
Compensation expense - restricted stock and RSUs   1,564       1,564
Net income       6,519 20 6,539
Other comprehensive income (loss)     142   (1) 141
Balances at Jun. 30, 2023 $ 20,540 $ 329,326 $ 1,543 $ (39,451) $ 997 $ 312,955