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Supplemental Disclosure of Non-cash Investing and Financing Information
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]

 

Supplemental disclosure of non-cash investing and financing information:

 

On January 15, 2026, the Company issued 61,699 shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2025. On January 15, 2025, the Company issued 61,551 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 shares to its independent trustees pursuant to the Company's Equity Incentive Plan as compensation for services performed in 2023.

 

As of December 31, 2025, the Company had accrued distributions payable of $6.7 million. As of December 31, 2024, the Company had accrued distributions payable of $5.6 million. As of December 31, 2023, the Company had accrued distributions payable of $5.4 million.

 

Accrued share based compensation of $0.4 million, $0.6 million and $0.5 million is included in accounts payable and accrued expenses as of December 31, 2025, 2024 and 2023, respectively.

 

Accrued capital improvements of $2.0 million, $1.6 million and $1.3 million are included in accounts payable and accrued expenses as of December 31, 2025, 2024, and 2023 respectively.

 

The accompanying notes are an integral part of these consolidated financial statements.