XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Series D Preferred 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
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Series D Preferred 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, 2022           1,600,000       69,919,000                
Beginning 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 Stockholders' Equity [Roll Forward]                                    
Purchase of common stock (in shares)                   (3,968,000)                
Purchase of common stock (19,250,000)                 $ (40,000) (19,210,000)              
Equity-based compensation 805,000                   805,000              
Forfeiture of restricted common shares (in shares)                   (1,000)                
Dividends declared - common stock (3,334,000)                     (3,334,000)            
Dividends declared - preferred stock   $ (825,000) $ (1,058,000) $ (7,534,000) $ (933,000)               $ (825,000) $ (1,058,000) $ (7,534,000) $ (933,000)    
Contributions from noncontrolling interests 2,024,000                               2,024,000  
Net income (loss) 16,343,000                     16,034,000         309,000  
Redemption value adjustment – preferred stock (2,454,000)                     (2,454,000)            
Redemption value adjustment 4,000                     4,000            
Ending balance (in shares) at Mar. 31, 2023           1,600,000       65,950,000                
Ending balance at Mar. 31, 2023 377,551,000         $ 16,000       $ 659,000 715,729,000 (324,840,000)         (14,013,000) 34,820,000
Units outstanding at beginning of year (in shares) at Dec. 31, 2022             3,078,000 12,657,000 1,428,000                  
Beginning balance, temporary equity at Dec. 31, 2022             $ 65,426,000 $ 291,076,000 $ 35,182,000                  
Beginning 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]                                    
Equity-based compensation, redeemable noncontrolling interests                                   1,408,000
Issuance of preferred stock (in shares)       3,798,000 531,000     3,828,000 533,000                  
Issuance of preferred stock               $ 85,916,000 $ 12,879,000                  
Distributions to noncontrolling interests                                   (361,000)
Redemption/conversion of operating partnership units                                   (7,039,000)
Net income (loss)                                   261,000
Redemption of preferred stock (in shares)       (11,000) (1,000)     (11,000) (1,000)                  
Redemptions of preferred stock       $ (282,000) $ (25,000)     $ (282,000) $ (25,000)                  
Redemption value adjustment – preferred stock               $ 2,196,000 $ 258,000                  
Redemption value adjustment                                   (4,000)
Units outstanding at end of year (in shares) at Mar. 31, 2023             3,078,000 16,474,000 1,960,000                  
Ending balance, temporary equity at Mar. 31, 2023             $ 65,426,000 $ 378,906,000 $ 48,294,000                  
Ending balance at Mar. 31, 2023 377,551,000         $ 16,000       $ 659,000 715,729,000 (324,840,000)         (14,013,000) 34,820,000
Beginning balance (in shares) at Dec. 31, 2023           1,600,000       66,636,000                
Beginning 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 Stockholders' Equity [Roll Forward]                                    
Purchase of common stock (in shares)                   (170,000)                
Purchase of common stock (369,000)                 $ (2,000) (367,000)              
Equity-based compensation 472,000                   472,000              
Issuance of restricted shares/units (in shares)                   12,000                
Issuance of restricted shares/units 3,000                   3,000              
Forfeiture of restricted common shares (in shares)                   (1,000)                
Dividends declared - common stock (3,345,000)                     (3,345,000)            
Dividends declared - preferred stock   $ (825,000) $ (1,058,000) $ (7,600,000) $ (924,000)               $ (825,000) $ (1,058,000) $ (7,600,000) $ (924,000)    
Net income (loss) 15,186,000                     15,929,000         (743,000)  
Redemption value adjustment – preferred stock (1,998,000)                     (1,998,000)            
Redemption value adjustment 7,000                     7,000            
Ending balance (in shares) at Mar. 31, 2024           1,600,000       66,477,000                
Ending balance at Mar. 31, 2024 297,596,000         $ 16,000       $ 664,000 718,606,000 (412,013,000)         (9,677,000) 33,005,000
Units outstanding at beginning of year (in shares) at Dec. 31, 2023     3,078,017 16,316,315 1,832,805   3,078,000 16,316,000 1,833,000                  
Beginning 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                  
Beginning 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]                                    
Equity-based compensation, redeemable noncontrolling interests                                   655,000
Issuance of preferred stock (in shares)       0 0     33,000 2,000                  
Issuance of preferred stock               $ 828,000 $ 37,000                  
Temporary Equity, Stock Issued During Period, Value, Restricted Stock Award, Gross 32,000                                  
Distributions to noncontrolling interests                                   (366,000)
Net income (loss)                                   296,000
Redemption of preferred stock (in shares)       (186,000) (87,000)     (186,000) (87,000)                  
Redemptions of preferred stock       $ (4,403,000) $ (2,163,000)     $ (4,403,000) $ (2,163,000)                  
Redemption value adjustment – preferred stock               $ 1,801,000 $ 197,000                  
Redemption value adjustment                                   (7,000)
Units outstanding at end of year (in shares) at Mar. 31, 2024     3,078,017 16,162,834 1,747,771   3,078,000 16,163,000 1,748,000                  
Ending balance, temporary equity at Mar. 31, 2024     $ 65,426,000 $ 375,261,000 $ 43,694,000   $ 65,426,000 $ 375,261,000 $ 43,694,000                  
Ending balance at Mar. 31, 2024 $ 297,596,000         $ 16,000       $ 664,000 $ 718,606,000 $ (412,013,000)         $ (9,677,000) $ 33,005,000