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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
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
Accumulated Other Comprehensive Income/(loss)
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         $ 16       $ 699 $ 734,134 $ (324,740)           $ (16,346) $ 40,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   (3,969,000)                  
Purchase of common stock (19,254)                 $ (40) (19,214)                
Equity-based compensation 2,644                   2,644                
Issuance of restricted shares/units (in shares)                   45,000                  
Forfeiture of restricted common shares (in shares)                   (1,000)                  
Dividends declared - common stock (10,004)                     (10,004)              
Dividends declared - preferred stock   $ (2,475) $ (3,174) $ (23,230) $ (2,930)               $ (2,475) $ (3,174) $ (23,230) $ (2,930)      
Contributions from noncontrolling interests 4,050                                 4,050  
Distributions to noncontrolling interests (3,055)                                 (3,055) (1,083)
Net income (loss) (6,127)                     (7,842)           1,715  
Redemption value adjustment – preferred stock (3,271)                     (3,271)              
Redemption value adjustment 8                     8              
Ending balance (in shares) at Sep. 30, 2023           1,600,000       65,994,000                  
Ending balance at Sep. 30, 2023 326,945         $ 16       $ 659 717,564 (377,658)           (13,636) 33,494
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 $ 291,076 $ 35,182                    
Beginning balance at Dec. 31, 2022 393,763         16       699 734,134 (324,740)           (16,346) 40,555
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation, redeemable noncontrolling interests                                     4,210
Issuance of preferred stock (in shares)       3,798,000 531,000     3,896,000 540,000                    
Issuance of preferred stock               $ 87,557 $ 13,011                    
Distributions to noncontrolling interests (3,055)                                 (3,055) (1,083)
Redemption/conversion of operating partnership units                                     (7,162)
Net income (loss)                                     (3,018)
Redemption of preferred stock (in shares)       (143,000) (56,000)     (143,000) (56,000)                    
Redemptions of preferred stock       $ (3,378) $ (1,383)     $ (3,378) $ (1,383)                    
Redemption value adjustment – preferred stock               $ 2,621 $ 650                    
Redemption value adjustment                                     (8)
Units outstanding at end of year (in shares) at Sep. 30, 2023             3,078,000 16,410,000 1,912,000                    
Ending balance, temporary equity at Sep. 30, 2023             $ 65,426 $ 377,876 $ 47,460                    
Ending balance at Sep. 30, 2023 326,945         $ 16       $ 659 717,564 (377,658)           (13,636) 33,494
Beginning balance (in shares) at Dec. 31, 2022           1,600,000       69,919,000                  
Beginning balance at Dec. 31, 2022 393,763         $ 16       $ 699 734,134 (324,740)           (16,346) 40,555
Ending balance (in shares) at Dec. 31, 2023           1,600,000       66,636,000                  
Ending balance at Dec. 31, 2023 298,047         $ 16       $ 666 718,498 (412,199)         $ 0 (8,934) 32,395
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 $ 291,076 $ 35,182                    
Beginning balance at Dec. 31, 2022 393,763         16       699 734,134 (324,740)           (16,346) 40,555
Units outstanding at end 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                    
Ending balance, temporary equity at Dec. 31, 2023     $ 65,426 $ 377,035 $ 45,623   $ 65,426 $ 377,035 $ 45,623                    
Ending balance at Dec. 31, 2023 298,047         $ 16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Beginning balance (in shares) at Jun. 30, 2023           1,600,000       65,994,000                  
Beginning balance at Jun. 30, 2023 363,783         $ 16       $ 659 716,987 (341,210)           (12,669) 35,174
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Equity-based compensation 577                   577                
Dividends declared - common stock (3,335)                     (3,335)              
Dividends declared - preferred stock   (825) (1,058) $ (7,710) $ (989)               (825) (1,058) (7,710) (989)      
Distributions to noncontrolling interests (2,740)                                 (2,740) (361)
Net income (loss) (20,257)                     (22,030)           1,773  
Redemption value adjustment – preferred stock (516)                     (516)              
Redemption value adjustment 15                     15              
Ending balance (in shares) at Sep. 30, 2023           1,600,000       65,994,000                  
Ending balance at Sep. 30, 2023 326,945         $ 16       $ 659 717,564 (377,658)           (13,636) 33,494
Units outstanding at beginning of year (in shares) at Jun. 30, 2023             3,078,000 16,485,000 1,960,000                    
Beginning balance, temporary equity at Jun. 30, 2023             $ 65,426 $ 379,403 $ 48,405                    
Beginning balance at Jun. 30, 2023 363,783         16       659 716,987 (341,210)           (12,669) 35,174
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation, redeemable noncontrolling interests                                     1,050
Issuance of preferred stock (in shares)       0 0     36,000 3,000                    
Issuance of preferred stock               $ 813 $ 56                    
Distributions to noncontrolling interests (2,740)                                 (2,740) (361)
Net income (loss)                                     (2,354)
Redemption of preferred stock (in shares)       (111,000) (51,000)     (111,000) (51,000)                    
Redemptions of preferred stock       $ (2,589) $ (1,268)     $ (2,589) $ (1,268)                    
Redemption value adjustment – preferred stock               $ 249 $ 267                    
Redemption value adjustment                                     (15)
Units outstanding at end of year (in shares) at Sep. 30, 2023             3,078,000 16,410,000 1,912,000                    
Ending balance, temporary equity at Sep. 30, 2023             $ 65,426 $ 377,876 $ 47,460                    
Ending balance at Sep. 30, 2023 326,945         $ 16       $ 659 717,564 (377,658)           (13,636) 33,494
Beginning balance (in shares) at Dec. 31, 2023           1,600,000       66,636,000                  
Beginning balance at Dec. 31, 2023 298,047         $ 16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   (170,000)                  
Purchase of common stock (369)                 $ (2) (367)                
Equity-based compensation 977                   977                
Issuance of restricted shares/units (in shares)                   57,000                  
Issuance of restricted shares/units 3                 $ 1 2                
Forfeiture of restricted common shares (in shares)                   (1,000)                  
Dividends declared - common stock (10,040)                     (10,040)              
Dividends declared - preferred stock   (2,475) $ (3,175) $ (22,307) $ (2,636)               (2,475) (3,175) (22,307) (2,636)      
Contributions from noncontrolling interests 2,961                                 2,961  
Distributions to noncontrolling interests (23,322)                                 (23,322) (1,103)
Net income (loss) 43,277                     16,960           26,317  
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Redemption value adjustment – preferred stock (6,175)                     (6,175)              
Redemption value adjustment (110)                     (110)              
Ending balance (in shares) at Sep. 30, 2024           1,600,000       66,522,000                  
Ending balance at Sep. 30, 2024 273,933         $ 16       $ 665 719,110 (442,157)         (723) (2,978) 31,336
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 $ 377,035 $ 45,623   $ 65,426 $ 377,035 $ 45,623                    
Beginning balance at Dec. 31, 2023 298,047         16       666 718,498 (412,199)         0 (8,934) 32,395
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation, redeemable noncontrolling interests                                     1,712
Issuance of preferred stock (in shares)       0 0     97,000 4,000                    
Issuance of preferred stock               $ 2,446 $ 105                    
Issuance of restricted shares/units 32                                    
Distributions to noncontrolling interests (23,322)                                 (23,322) (1,103)
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Net income (loss)                                     (1,747)
Redemption of preferred stock (in shares)       (1,275,000) (241,000)     (1,275,000) (241,000)                    
Redemptions of preferred stock       $ (30,281) $ (6,018)     $ (30,281) $ (6,018)                    
Redemption value adjustment – preferred stock               $ 5,978 $ 197                    
Redemption value adjustment                                     110
Units outstanding at end of year (in shares) at Sep. 30, 2024     3,078,017 15,138,572 1,596,286   3,078,000 15,138,000 1,596,000                    
Ending balance, temporary equity at Sep. 30, 2024     $ 65,426 $ 355,178 $ 39,907   $ 65,426 $ 355,178 $ 39,907                    
Ending balance at Sep. 30, 2024 273,933         $ 16       $ 665 719,110 (442,157)         (723) (2,978) 31,336
Beginning balance (in shares) at Jun. 30, 2024           1,600,000       66,522,000                  
Beginning balance at Jun. 30, 2024 272,300         $ 16       $ 665 718,901 (437,302)         0 (9,980) 31,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Equity-based compensation 209                   209                
Dividends declared - common stock (3,348)                     (3,348)              
Dividends declared - preferred stock   $ (825) $ (1,059) $ (7,137) $ (836)               $ (825) $ (1,059) $ (7,137) $ (836)      
Contributions from noncontrolling interests 2,961                                 2,961  
Distributions to noncontrolling interests (23,322)                                 (23,322) (369)
Net income (loss) 39,959                     12,596           27,363  
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Redemption value adjustment – preferred stock (4,151)                     (4,151)              
Redemption value adjustment (95)                     (95)              
Ending balance (in shares) at Sep. 30, 2024           1,600,000       66,522,000                  
Ending balance at Sep. 30, 2024 273,933         $ 16       $ 665 719,110 (442,157)         (723) (2,978) 31,336
Units outstanding at beginning of year (in shares) at Jun. 30, 2024             3,078,000 16,142,000 1,623,000                    
Beginning balance, temporary equity at Jun. 30, 2024             $ 65,426 $ 374,847 $ 40,569                    
Beginning balance at Jun. 30, 2024 272,300         16       665 718,901 (437,302)         0 (9,980) 31,579
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation, redeemable noncontrolling interests                                     218
Issuance of preferred stock (in shares)       0 0     32,000 1,000                    
Issuance of preferred stock               $ 809 $ 34                    
Distributions to noncontrolling interests (23,322)                                 (23,322) (369)
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Net income (loss)                                     (124)
Redemption of preferred stock (in shares)       (1,036,000) (28,000)     (1,036,000) (28,000)                    
Redemptions of preferred stock       $ (24,629) $ (696)     $ (24,629) $ (696)                    
Redemption value adjustment – preferred stock               $ 4,151                      
Redemption value adjustment                                     95
Units outstanding at end of year (in shares) at Sep. 30, 2024     3,078,017 15,138,572 1,596,286   3,078,000 15,138,000 1,596,000                    
Ending balance, temporary equity at Sep. 30, 2024     $ 65,426 $ 355,178 $ 39,907   $ 65,426 $ 355,178 $ 39,907                    
Ending balance at Sep. 30, 2024 $ 273,933         $ 16       $ 665 $ 719,110 $ (442,157)         $ (723) $ (2,978) $ 31,336