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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
Preferred stock, beginning balance (in shares) at Dec. 31, 2023           1,600,000                          
Beginning balance at Dec. 31, 2023 $ 298,047         $ 16       $ 666 $ 718,498 $ (412,199)         $ 0 $ (8,934) $ 32,395
Common stock, beginning balance (in shares) at Dec. 31, 2023                   66,636,000                  
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                
Forfeiture of restricted common shares (in shares)                   (1,000)                  
Issuance of restricted shares/units (in shares)                   57,000                  
Issuance of restricted shares/units 3                 $ 1 2                
Dividends declared - common stock (10,040)                     (10,040)              
Series D Cumulative 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  
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)              
Preferred stock, ending balance (in shares) at Sep. 30, 2024           1,600,000                          
Ending balance at Sep. 30, 2024 273,933         $ 16       $ 665 719,110 (442,157)         (723) (2,978) 31,336
Common stock, ending balance (in shares) at Sep. 30, 2024                   66,522,000                  
Units outstanding at beginning of year (in shares) at Dec. 31, 2023             3,078,000 16,316,000 1,833,000                    
Beginning balance, temporary equity at Dec. 31, 2023             $ 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                                     1,712
Issuance of preferred stock (in shares)               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)
Net income (loss)                                     (1,747)
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Series E Preferred Stock shares redeemed (in shares)       (1,275,000) (241,000)     (1,275,000) (241,000)                    
Redemption amount, net of redemption fees       $ (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             3,078,000 15,138,000 1,596,000                    
Ending balance, temporary equity at Sep. 30, 2024             $ 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
Preferred stock, beginning balance (in shares) at Dec. 31, 2023           1,600,000                          
Beginning balance at Dec. 31, 2023 298,047         $ 16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Common stock, beginning balance (in shares) at Dec. 31, 2023                   66,636,000                  
Preferred stock, ending balance (in shares) at Dec. 31, 2024   1,600,000       1,600,000                          
Ending balance at Dec. 31, 2024 $ 237,362         $ 16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Common stock, ending balance (in shares) at Dec. 31, 2024 66,607,823                 66,608,000                  
Units outstanding at beginning of year (in shares) at Dec. 31, 2023             3,078,000 16,316,000 1,833,000                    
Beginning balance, temporary equity at Dec. 31, 2023             $ 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
Units outstanding at end of year (in shares) at Dec. 31, 2024     3,078,017 14,910,521 1,476,621   3,078,000 14,911,000 1,477,000                    
Ending balance, temporary equity at Dec. 31, 2024     $ 65,426 $ 352,502 $ 36,916   $ 65,426 $ 352,502 $ 36,916                    
Ending balance at Dec. 31, 2024 237,362         $ 16       665 718,536 (477,804)         (684) (3,367) 29,964
Preferred stock, beginning balance (in shares) at Jun. 30, 2024           1,600,000                          
Beginning balance at Jun. 30, 2024 272,300         $ 16       $ 665 718,901 (437,302)         0 (9,980) 31,579
Common stock, beginning balance (in shares) at Jun. 30, 2024                   66,522,000                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Equity-based compensation 209                   209                
Dividends declared - common stock (3,348)                     (3,348)              
Series D Cumulative Preferred Stock   $ (825) (1,059) $ (7,137) $ (836)               (825) (1,059) (7,137) (836)      
Contributions from noncontrolling interests 2,961                                 2,961  
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)              
Preferred stock, ending balance (in shares) at Sep. 30, 2024           1,600,000                          
Ending balance at Sep. 30, 2024 273,933         $ 16       $ 665 719,110 (442,157)         (723) (2,978) 31,336
Common stock, ending balance (in shares) at Sep. 30, 2024                   66,522,000                  
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                                     218
Issuance of preferred stock (in shares)               32,000 1,000                    
Issuance of preferred stock               $ 809 $ 34                    
Distributions to noncontrolling interests (23,322)                                 (23,322) (369)
Net income (loss)                                     (124)
Unrealized gain (loss) on investment in securities (723)                               (723)   (63)
Series E Preferred Stock shares redeemed (in shares)       (1,036,000) (28,000)     (1,036,000) (28,000)                    
Redemption amount, net of redemption fees       $ (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             3,078,000 15,138,000 1,596,000                    
Ending balance, temporary equity at Sep. 30, 2024             $ 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
Preferred stock, beginning balance (in shares) at Dec. 31, 2024   1,600,000       1,600,000                          
Beginning balance at Dec. 31, 2024 $ 237,362         $ 16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Common stock, beginning balance (in shares) at Dec. 31, 2024 66,607,823                 66,608,000                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   (312,000)                  
Purchase of common stock $ (778)                 $ (2) (776)                
Equity-based compensation (17)                   (17)                
Issuance of restricted shares/units (in shares)                   1,000                  
Issuance of restricted shares/units 4                   4                
Dividends declared - common stock (10,232)                     (10,232)              
Series D Cumulative Preferred Stock   $ (2,475) $ (3,174) $ (19,011) $ (2,268)               (2,475) (3,174) (19,011) (2,268)      
Contributions from noncontrolling interests 2,120                                 2,120  
Redemption/conversion of operating partnership units (in shares)                   1,922,000                  
Redemption/conversion of operating partnership units (9,299)                 $ (19) (9,280)               (9,299)
Net income (loss) 10,912                     11,273           (361)  
Unrealized gain (loss) on investment in securities 682                               682   60
Redemption value adjustment – preferred stock (11,086)                     (11,086)              
Redemption value adjustment (1,060)                     (1,060)              
Preferred stock, ending balance (in shares) at Sep. 30, 2025   1,600,000       1,600,000                          
Ending balance at Sep. 30, 2025 $ 207,985         $ 16       $ 682 727,027 (515,837)         (2) (3,901) 18,942
Common stock, ending balance (in shares) at Sep. 30, 2025 68,219,432                 68,219,000                  
Units outstanding at beginning of year (in shares) at Dec. 31, 2024     3,078,017 14,910,521 1,476,621   3,078,000 14,911,000 1,477,000                    
Beginning balance, temporary equity at Dec. 31, 2024     $ 65,426 $ 352,502 $ 36,916   $ 65,426 $ 352,502 $ 36,916                    
Beginning balance at Dec. 31, 2024 $ 237,362         16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation                                     (3)
Issuance of preferred stock (in shares)               88,000 5,000                    
Issuance of preferred stock               $ 2,209 $ 120                    
Issuance of restricted shares/units                                     498
Distributions to noncontrolling interests (2,293)                                 (2,293) (886)
Redemption/conversion of operating partnership units (9,299)                 (19) (9,280)               (9,299)
Redemption of operating partnership units for cash                                     (94)
Net income (loss)                                     (2,358)
Unrealized gain (loss) on investment in securities 682                               682   60
Series E Preferred Stock shares redeemed (in shares)       (2,301,000) (77,000)     (2,301,000) (77,000)                    
Redemption amount, net of redemption fees       $ (57,250) $ (1,909)     $ (57,250) $ (1,909)                    
Redemption value adjustment – preferred stock               $ 11,086                      
Redemption value adjustment                                     1,060
Units outstanding at end of year (in shares) at Sep. 30, 2025     3,078,017 12,697,673 1,404,544   3,078,000 12,698,000 1,405,000                    
Ending balance, temporary equity at Sep. 30, 2025     $ 65,426 $ 308,547 $ 35,127   $ 65,426 $ 308,547 $ 35,127                    
Ending balance at Sep. 30, 2025 207,985         $ 16       682 727,027 (515,837)         (2) (3,901) 18,942
Preferred stock, beginning balance (in shares) at Jun. 30, 2025           1,600,000                          
Beginning balance at Jun. 30, 2025 221,807         $ 16       $ 682 727,002 (502,437)         (135) (3,321) 17,994
Common stock, beginning balance (in shares) at Jun. 30, 2025                   68,219,000                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   0                  
Purchase of common stock (26)                 $ 0 (26)                
Equity-based compensation 51                   51                
Dividends declared - common stock (3,430)                     (3,430)              
Series D Cumulative Preferred Stock   $ (825) $ (1,058) $ (6,041) $ (743)               $ (825) $ (1,058) $ (6,041) $ (743)      
Net income (loss) 5,330                     5,742           (412)  
Unrealized gain (loss) on investment in securities 133                               133   10
Redemption value adjustment – preferred stock (5,251)                     (5,251)              
Redemption value adjustment (1,794)                     (1,794)              
Preferred stock, ending balance (in shares) at Sep. 30, 2025   1,600,000       1,600,000                          
Ending balance at Sep. 30, 2025 $ 207,985         $ 16       $ 682 727,027 (515,837)         (2) (3,901) 18,942
Common stock, ending balance (in shares) at Sep. 30, 2025 68,219,432                 68,219,000                  
Units outstanding at beginning of year (in shares) at Jun. 30, 2025             3,078,000 13,391,000 1,420,000                    
Beginning balance, temporary equity at Jun. 30, 2025             $ 65,426 $ 320,585 $ 35,524                    
Beginning balance at Jun. 30, 2025 $ 221,807         16       $ 682 727,002 (502,437)         (135) (3,321) 17,994
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation                                     24
Issuance of preferred stock (in shares)               27,000 3,000                    
Issuance of preferred stock               $ 686 $ 41                    
Distributions to noncontrolling interests (168)                                 (168) (271)
Redemption of operating partnership units for cash                                     (2)
Net income (loss)                                     (607)
Unrealized gain (loss) on investment in securities 133                               133   10
Series E Preferred Stock shares redeemed (in shares)       (720,000) (18,000)     (720,000) (18,000)                    
Redemption amount, net of redemption fees       $ (17,975) $ (438)     $ (17,975) $ (438)                    
Redemption value adjustment – preferred stock               $ 5,251                      
Redemption value adjustment                                     1,794
Units outstanding at end of year (in shares) at Sep. 30, 2025     3,078,017 12,697,673 1,404,544   3,078,000 12,698,000 1,405,000                    
Ending balance, temporary equity at Sep. 30, 2025     $ 65,426 $ 308,547 $ 35,127   $ 65,426 $ 308,547 $ 35,127                    
Ending balance at Sep. 30, 2025 $ 207,985         $ 16       $ 682 $ 727,027 $ (515,837)         $ (2) $ (3,901) $ 18,942