XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Shares
Total Shareholders’ Equity
Total Shareholders’ Equity
Common Shares
Preferred Shares
Common Shares
Common Shares
Common Shares
Additional Paid - In Capital
Additional Paid - In Capital
Common Shares
Accumulated Deficit
Noncontrolling Interest in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2021         4,800,000 48,768,890          
Beginning balance at Dec. 31, 2021 $ 814,193   $ 797,502   $ 48 $ 487   $ 1,048,070   $ (251,103) $ 16,691
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)           34,672          
Issuance of shares pursuant to Equity Incentive Plan 487   487     $ 1   486      
Issuance of shares, net of offering costs (in shares)             2,545        
Issuance of shares, net of offering costs   $ (74)   $ (74)         $ (74)    
Amortization of share based compensation 2,443   19         19     2,424
Dividends accrued on preferred shares (3,975)   (3,975)             (3,975)  
Reallocation of noncontrolling interest 0   (1,521)         (1,521)     1,521
Net income (loss) (376)   (294)             (294) (82)
Ending balance (in shares) at Jun. 30, 2022         4,800,000 48,806,107          
Ending balance at Jun. 30, 2022 812,698   792,144   $ 48 $ 488   1,046,980   (255,372) 20,554
Beginning balance (in shares) at Mar. 31, 2022         4,800,000 48,804,585          
Beginning balance at Mar. 31, 2022 804,139   785,031   $ 48 $ 488   1,047,031   (262,536) 19,108
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)             1,522        
Issuance of shares, net of offering costs   (61)   (61)         (61)    
Amortization of share based compensation 1,285   10         10     1,275
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Net income (loss) 9,322   9,151             9,151 171
Ending balance (in shares) at Jun. 30, 2022         4,800,000 48,806,107          
Ending balance at Jun. 30, 2022 812,698   792,144   $ 48 $ 488   1,046,980   (255,372) 20,554
Beginning balance (in shares) at Dec. 31, 2022         4,800,000 48,808,105          
Beginning balance at Dec. 31, 2022 817,997   794,894   $ 48 $ 488   1,047,023   (252,665) 23,103
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)           45,835          
Issuance of shares pursuant to Equity Incentive Plan 540   540         540      
Issuance of shares, net of offering costs (in shares)             2,866        
Issuance of shares, net of offering costs   31   31         31    
Amortization of share based compensation 2,772   23         23     2,749
Dividends declared on common shares (6,840)   (6,840)             (6,840)  
Distributions declared on LTIP units (362)                   (362)
Dividends accrued on preferred shares (3,975)   (3,975)             (3,975)  
Reallocation of noncontrolling interest 0   (493)         (493)     493
Net income (loss) 4,324   4,296             4,296 28
Ending balance (in shares) at Jun. 30, 2023         4,800,000 48,856,806          
Ending balance at Jun. 30, 2023 814,487   788,476   $ 48 $ 488   1,047,124   (259,184) 26,011
Beginning balance (in shares) at Mar. 31, 2023         4,800,000 48,855,155          
Beginning balance at Mar. 31, 2023 809,256   784,710   $ 48 $ 488   1,047,095   (262,921) 24,546
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)             1,651        
Issuance of shares, net of offering costs   $ 17   $ 17         $ 17    
Amortization of share based compensation 1,437   12         12     1,425
Dividends declared on common shares (3,420)   (3,420)             (3,420)  
Distributions declared on LTIP units (181)                   (181)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Net income (loss) 9,365   9,144             9,144 221
Ending balance (in shares) at Jun. 30, 2023         4,800,000 48,856,806          
Ending balance at Jun. 30, 2023 $ 814,487   $ 788,476   $ 48 $ 488   $ 1,047,124   $ (259,184) $ 26,011