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Supplemental Disclosure of Non-cash Investing and Financing Information
6 Months Ended
Jun. 30, 2026
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, 2026, the Company issued 61,699 common 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 common shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2024.

 

As of June 30, 2026, the Company had accrued distributions payable of $7,106. As of June 30, 2025, the Company had accrued distributions payable of $6,670.

 

Accrued share-based compensation of $214 and $259 is included in accounts payable and accrued expenses as of June 30, 2026 and 2025, respectively.

 

Accrued capital improvements of $1,120 and $609 are included in accounts payable and accrued expenses as of June 30, 2026 and 2025 respectively.