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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, 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)           43,378          
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    
Issuance of restricted time-based shares (in shares)           2,457          
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
Beginning balance (in shares) at Dec. 31, 2023         4,800,000 48,859,836          
Beginning balance at Dec. 31, 2023 804,376   776,061   $ 48 $ 488   1,047,176   (271,651) 28,315
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to equity incentive plan (in shares)           43,670          
Issuance of shares pursuant to Equity Incentive Plan 471   471     $ 1   470      
Issuance of shares, net of offering costs (in shares)             2,752        
Issuance of shares, net of offering costs   (237)   (237)         (237)    
Issuance of restricted time-based shares (in shares)           2,943          
Amortization of share based compensation 2,978   27         27     2,951
Dividends declared on common shares (6,847)   (6,847)             (6,847)  
Distributions declared on LTIP units (430)                   (430)
Forfeited distributions declared on LTIP units 9                   9
Dividends accrued on preferred shares (3,975)   (3,975)             (3,975)  
Reallocation of noncontrolling interest 0   (649)         (649)     649
Net income (loss) 1,548   1,621             1,621 (73)
Ending balance (in shares) at Jun. 30, 2024         4,800,000 48,909,201          
Ending balance at Jun. 30, 2024 797,893   766,472   $ 48 $ 489   1,046,787   (280,852) 31,421
Beginning balance (in shares) at Mar. 31, 2024         4,800,000 48,907,719          
Beginning balance at Mar. 31, 2024 794,978   765,029   $ 48 $ 489   1,046,779   (282,287) 29,949
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)             1,482        
Issuance of shares, net of offering costs   $ (7)   $ (7)         $ (7)    
Amortization of share based compensation 1,516   15         15     1,501
Dividends declared on common shares (3,426)   (3,426)             (3,426)  
Distributions declared on LTIP units (215)                   (215)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Net income (loss) 7,034   6,848             6,848 186
Ending balance (in shares) at Jun. 30, 2024         4,800,000 48,909,201          
Ending balance at Jun. 30, 2024 $ 797,893   $ 766,472   $ 48 $ 489   $ 1,046,787   $ (280,852) $ 31,421