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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)             4,187        
Issuance of shares, net of offering costs   $ 44   $ 44         $ 44    
Issuance of restricted time-based shares (in shares)           2,457          
Amortization of share based compensation 4,209   34         34     4,175
Dividends declared on common shares (10,260)   (10,260)             (10,260)  
Distributions declared on LTIP units (544)                   (544)
Dividends accrued on preferred shares (5,962)   (5,962)             (5,962)  
Reallocation of noncontrolling interest 0   (493)         (493)     493
Net income (loss) 11,822   11,624             11,624 198
Ending balance (in shares) at Sep. 30, 2023         4,800,000 48,858,127          
Ending balance at Sep. 30, 2023 817,846   790,421   $ 48 $ 488   1,047,148   (257,263) 27,425
Beginning balance (in shares) at Jun. 30, 2023         4,800,000 48,856,806          
Beginning balance at Jun. 30, 2023 814,487   788,476   $ 48 $ 488   1,047,124   (259,184) 26,011
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)             1,321        
Issuance of shares, net of offering costs   12   12         12    
Amortization of share based compensation 1,437   12         12     1,425
Dividends declared on common shares (3,421)   (3,421)             (3,421)  
Distributions declared on LTIP units (181)                   (181)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Net income (loss) 7,499   7,329             7,329 170
Ending balance (in shares) at Sep. 30, 2023         4,800,000 48,858,127          
Ending balance at Sep. 30, 2023 817,846   790,421   $ 48 $ 488   1,047,148   (257,263) 27,425
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)             4,392        
Issuance of shares, net of offering costs   (239)   (239)         (239)    
Issuance of restricted time-based shares (in shares)           2,943          
Amortization of share based compensation 4,489   37         37     4,452
Dividends declared on common shares (10,272)   (10,272)             (10,272)  
Distributions declared on LTIP units (645)                   (645)
Forfeited distributions declared on LTIP units 9                   9
Dividends accrued on preferred shares (5,962)   (5,962)             (5,962)  
Reallocation of noncontrolling interest 0   (649)         (649)     649
Net income (loss) 5,889   5,874             5,874 15
Ending balance (in shares) at Sep. 30, 2024         4,800,000 48,910,841          
Ending balance at Sep. 30, 2024 798,116   765,321   $ 48 $ 489   1,046,795   (282,011) 32,795
Beginning balance (in shares) at Jun. 30, 2024         4,800,000 48,909,201          
Beginning balance at Jun. 30, 2024 797,893   766,472   $ 48 $ 489   1,046,787   (280,852) 31,421
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares, net of offering costs (in shares)             1,640        
Issuance of shares, net of offering costs   $ (1)   $ (1)         $ (1)    
Amortization of share based compensation 1,510   9         9     1,501
Dividends declared on common shares (3,423)   (3,423)             (3,423)  
Distributions declared on LTIP units (215)                   (215)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Net income (loss) 4,339   4,251             4,251 88
Ending balance (in shares) at Sep. 30, 2024         4,800,000 48,910,841          
Ending balance at Sep. 30, 2024 $ 798,116   $ 765,321   $ 48 $ 489   $ 1,046,795   $ (282,011) $ 32,795