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Supplemental Disclosure of Non-cash Investing and Financing Information
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]

Supplemental disclosure of non-cash investing and financing information (dollars in thousands):

 

On January 15, 2025, the Company issued 61,551 common shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2024. On January 16, 2024, the Company issued 43,670 common shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2023.

 

As of September 30, 2025, the Company had accrued distributions payable of $6,722. As of September 30, 2024, the Company had accrued distributions payable of $5,531.

 

Accrued share-based compensation of $321 and $422 is included in accounts payable and accrued expenses as of September 30, 2025 and 2024, respectively.

 

Accrued capital improvements of $1,142 and $1,286 are included in accounts payable and accrued expenses as of September 30, 2025 and 2024, respectively.