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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Impact of adoption of new accounting standard
Series D Preferred Stock
Common Stock
Series B Preferred Stock
Series E Preferred Stock
Series M Preferred Stock
Preferred Stock
Series D Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series E Preferred Stock
Preferred Stock
Series M Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Impact of adoption of new accounting standard
Accumulated Deficit
Accumulated Deficit
Impact of adoption of new accounting standard
Accumulated Deficit
Series D Preferred Stock
Accumulated Deficit
Common Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series E Preferred Stock
Accumulated Deficit
Series M Preferred Stock
Noncontrolling Interest in Consolidated Entities
Redeemable Noncontrolling Interests in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2020               1,600,000       38,275,000                        
Beginning balance at Dec. 31, 2020 $ 261,170,000             $ 16,000       $ 382,000   $ 541,870,000   $ (266,010,000)             $ (15,088,000) $ 27,655,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                
Purchase of common stock (in shares)                       (50,000)                        
Purchase of common stock (348,000)                         (348,000)                    
Equity-based compensation 6,891,000                         6,891,000                   3,292,000
Issuance of common stock (in shares)                       18,243,000                        
Issuance of common stock 102,317,000                     $ 183,000   102,134,000                    
Issuance of restricted shares/units (in shares)                       764,000                        
Issuance of restricted shares/units 0                     $ 8,000   (8,000)                    
Forfeiture of restricted common shares (in shares)                       (26,000)                        
Forfeiture of restricted common shares 0                                              
Add: claw back of dividends on cancelled performance stock units 143,000                             143,000               38,000
Dividends declared - preferred stock     $ (3,300,000)   $ (4,747,000) $ (683,000) $ (15,000)                     $ (3,300,000)   $ (4,747,000) $ (683,000) $ (15,000)    
Contributions from noncontrolling interests 1,189,000                                           1,189,000  
Redemption/conversion of operating partnership units 4,584,000                     $ 9,000   4,575,000                   (4,584,000)
Net income (loss) (29,314,000)                             (26,664,000)             (2,650,000) (3,597,000)
Redemption value adjustment – preferred stock (3,261,000)                             (3,261,000)                
Redemption value adjustment – preferred stock                   $ 3,128,000 $ 133,000                          
Redemption value adjustment (108,000)                             (108,000)               108,000
Issuance of common units for hotel acquisition 0                                             13,175,000
Redemption/conversion of operating partnership units (in shares)                       868,000                        
Extinguishment of preferred stock (in shares)                       7,291,000                        
Extinguishment of preferred stock 41,523,000                     $ 71,000   46,047,000   (4,595,000)                
Equity component of Convertible Senior Notes 6,257,000                         6,257,000                    
Ending balance (in shares) at Dec. 31, 2021               1,600,000       65,365,000                        
Ending balance at Dec. 31, 2021 $ 382,298,000 $ (5,601,000)           $ 16,000       $ 653,000   707,418,000 $ (6,257,000) (309,240,000) $ 656,000           (16,549,000) 36,087,000
Units outstanding at beginning of year (in shares) at Dec. 31, 2020 4,277,000               5,031,000 0 0                          
Beginning balance, temporary equity at Dec. 31, 2020                 $ 106,949,000 $ 0 $ 0                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Units issued (in shares)           1,709,000 29,000     1,710,000 29,000                          
Issuance of preferred stock                   $ 36,211,000 $ 582,000                          
Extinguishment of preferred stock (in shares)                 (1,953,000)                              
Redemption of preferred stock (in shares)           0 0                                  
Extinguishment of preferred stock                 $ (41,523,000)                              
Redemptions of preferred stock           $ 0 $ 0                                  
Units outstanding at end of year (in shares) at Dec. 31, 2021 7,158,000               3,078,000 1,710,000 29,000                          
Ending balance, temporary equity at Dec. 31, 2021                 $ 65,426,000 $ 39,339,000 $ 715,000                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Dividends declared per preferred share (in dollars per share)               $ 2.06 $ 1.38 $ 1.00 $ 0.85                          
Purchase of common stock (in shares)                       (1,773,000)                        
Purchase of common stock $ (7,465,000)                     $ (17,000)   (7,448,000)                    
Equity-based compensation 5,475,000                         5,475,000                   5,810,000
Issuance of common stock (in shares)                       6,000,000                        
Issuance of common stock 35,004,000                     $ 60,000   34,944,000                    
Issuance of restricted shares/units (in shares)                       349,000                        
Issuance of restricted shares/units 5,000                     $ 3,000   2,000                    
Forfeiture of restricted common shares (in shares)                       (22,000)                        
Add: claw back of dividends on cancelled performance stock units 7,000                             7,000               4,000
Dividends declared - common stock (5,672,000)                                   $ (5,672,000)          
Dividends declared - preferred stock     (3,300,000)   $ (4,233,000) $ (12,694,000) $ (1,276,000)                     (3,300,000)   (4,233,000) (12,694,000) (1,276,000)    
Contributions from noncontrolling interests 164,000                                           164,000  
Distributions to noncontrolling interests (2,024,000)                                           (2,024,000) (665,000)
Net income (loss) 19,824,000                             17,761,000             2,063,000 (476,000)
Redemption value adjustment – preferred stock (6,954,000)                             (6,954,000)                
Redemption value adjustment – preferred stock                   $ 6,275,000 $ 679,000                          
Redemption value adjustment 205,000                             205,000               (205,000)
Ending balance (in shares) at Dec. 31, 2022               1,600,000       69,919,000                        
Ending balance at Dec. 31, 2022 $ 393,763,000             $ 16,000       $ 699,000   734,134,000   (324,740,000)             (16,346,000) 40,555,000
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Units issued (in shares)           10,914,000 1,402,000     10,961,000 1,404,000                          
Issuance of preferred stock                   $ 245,827,000 $ 33,922,000                          
Redemption of preferred stock (in shares)           (14,000) (5,000)     (14,000) (5,000)                          
Redemptions of preferred stock           $ (365,000) $ (134,000)     $ (365,000) $ (134,000)                          
Units outstanding at end of year (in shares) at Dec. 31, 2022 8,283,000       3,078,017 12,656,529 1,428,332   3,078,000 12,657,000 1,428,000                          
Ending balance, temporary equity at Dec. 31, 2022         $ 65,426,000 $ 291,076,000 $ 35,182,000   $ 65,426,000 $ 291,076,000 $ 35,182,000                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Dividends declared per preferred share (in dollars per share)               $ 2.06 $ 1.38 $ 1.97 $ 2.05                          
Purchase of common stock (in shares)                       (3,969,000)                        
Purchase of common stock $ (19,254,000)                     $ (40,000)   (19,214,000)                    
Equity-based compensation 3,564,000                         3,564,000                   5,680,000
Issuance of restricted shares/units (in shares)                       689,000                        
Issuance of restricted shares/units 21,000                     $ 7,000   14,000                    
Forfeiture of restricted common shares (in shares)                         (3,000)                      
Dividends declared - common stock       $ (13,423,000)                             $ (13,423,000)          
Dividends declared - preferred stock     $ (3,300,000)   $ (4,233,000) $ (30,883,000) $ (3,888,000)                     $ (3,300,000)   $ (4,233,000) $ (30,883,000) $ (3,888,000)    
Contributions from noncontrolling interests 9,517,000                                           9,517,000  
Distributions to noncontrolling interests (3,724,000)                                           (3,724,000) (1,444,000)
Redemption/conversion of operating partnership units                                               (7,162,000)
Net income (loss) (25,398,000)                             (27,017,000)             1,619,000 (5,230,000)
Redemption value adjustment – preferred stock (4,719,000)                             (4,719,000)                
Redemption value adjustment – preferred stock                   $ 3,934,000 $ 785,000                          
Redemption value adjustment 4,000                             4,000               (4,000)
Ending balance (in shares) at Dec. 31, 2023               1,600,000       66,636,000                        
Ending balance at Dec. 31, 2023 $ 298,047,000             $ 16,000       $ 666,000   $ 718,498,000   $ (412,199,000)             $ (8,934,000) $ 32,395,000
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Units issued (in shares)           3,798,000 531,000     3,931,000 542,000                          
Issuance of preferred stock                   $ 88,448,000 $ 13,051,000                          
Redemption of preferred stock (in shares)           (272,000) (137,000)     (272,000) (137,000)                          
Redemptions of preferred stock           $ (6,423,000) $ (3,395,000)     $ (6,423,000) $ (3,395,000)                          
Units outstanding at end of year (in shares) at Dec. 31, 2023 7,224,000       3,078,017 16,316,315 1,832,805   3,078,000 16,316,000 1,833,000                          
Ending balance, temporary equity at Dec. 31, 2023         $ 65,426,000 $ 377,035,000 $ 45,623,000   $ 65,426,000 $ 377,035,000 $ 45,623,000                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                                
Dividends declared per preferred share (in dollars per share)               $ 2.06 $ 1.38 $ 1.91 $ 2.07