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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
Beginning Balance at Dec. 31, 2020 $ 19,878 $ 313,430 $ (5,002) $ (37,539) $ 1,193 $ 291,960
Distributions - common stock            
Cash       (37,505)   (37,505)
Shares issued through dividend reinvestment plan 35 942       977
Shares issued through equity offering program - net 106 3,208       3,314
Restricted stock and RSU vesting 220 (220)        
Compensation expense - restricted stock and RSUs   5,433       5,433
Contribution from non-controlling interest         25 25
Distributions to non-controlling interests         (457) (457)
Net income       38,857 177 39,034
Other comprehensive income (loss)     3,489   8 3,497
Ending Balance at Dec. 31, 2021 20,239 322,793 (1,513) (36,187) 946 306,278
Distributions - common stock            
Cash       (38,092)   (38,092)
Repurchases of common stock - net (208) (5,032)       (5,240)
Shares issued through dividend reinvestment plan 102 2,293       2,395
Shares issued through equity offering program - net 17 546       563
Restricted stock and RSU vesting 212 (212)        
Compensation expense - restricted stock and RSUs   5,507       5,507
Distributions to non-controlling interests         (52) (52)
Net income       42,177 76 42,253
Other comprehensive income (loss)     3,323   2 3,325
Ending Balance at Dec. 31, 2022 20,362 325,895 1,810 (32,102) 972 316,937
Distributions - common stock            
Cash       (38,355)   (38,355)
Repurchases of common stock - net (499) (9,139)       (9,638)
Shares issued through dividend reinvestment plan 233 4,483       4,716
Restricted stock and RSU vesting 227 (227)        
Compensation expense - restricted stock and RSUs   5,367       5,367
Distributions to non-controlling interests         (233) (233)
Net income       29,614 304 29,918
Other comprehensive income (loss)     (966)   (1) (967)
Ending Balance at Dec. 31, 2023 $ 20,323 $ 326,379 $ 844 $ (40,843) $ 1,042 $ 307,745