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Consolidated Statements of Equity - USD ($)
Total
Cumulative-effect adjustment upon adoption of ASU 2016-13
Total Stockholders’ Equity
Total Stockholders’ Equity
Cumulative-effect adjustment upon adoption of ASU 2016-13
Common Stock
Preferred Stock
Additional Paid-in Capital
Distributions in Excess of Earnings
Distributions in Excess of Earnings
Cumulative-effect adjustment upon adoption of ASU 2016-13
Non-controlling Interests
Series A1 Preferred Stock
Series A1 Preferred Stock
Total Stockholders’ Equity
Series A1 Preferred Stock
Common Stock
Series A1 Preferred Stock
Preferred Stock
Series A1 Preferred Stock
Additional Paid-in Capital
Series A1 Preferred Stock
Distributions in Excess of Earnings
Series D Preferred Stock
Series D Preferred Stock
Total Stockholders’ Equity
Series D Preferred Stock
Preferred Stock
Series D Preferred Stock
Distributions in Excess of Earnings
Series A Preferred Stock
Series A Preferred Stock
Total Stockholders’ Equity
Series A Preferred Stock
Common Stock
Series A Preferred Stock
Preferred Stock
Series A Preferred Stock
Additional Paid-in Capital
Series A Preferred Stock
Distributions in Excess of Earnings
Beginning balance (in shares) at Dec. 31, 2022         22,737,853                                          
Beginning balance at Dec. 31, 2022 $ 362,033,000 $ (619,000) $ 361,660,000 $ (619,000) $ 23,000 $ 337,762,000 $ 861,721,000 $ (837,846,000) $ (619,000) $ 373,000       $ 147,514,000         $ 1,200,000         $ 189,048,000    
Beginning balance (in shares) at Dec. 31, 2022           13,570,353               5,956,147         48,857         7,565,349    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Acquisition of non-controlling interests 5,002,000                 5,002,000                                
Stock-based compensation expense 55,000   55,000       55,000                                      
Common dividends (1,933,000)   (1,933,000)         (1,933,000)                                    
Issuance of Series A1 Preferred Stock (in shares)                           1,032,433                        
Issuance of Series A1 Preferred Stock                     $ 23,278,000 $ 23,278,000   $ 25,569,000 $ (2,291,000)                      
Redemption of Preferred Stock (in shares)                           (12,870)                   (189,753)    
Redemption of Preferred Stock                     (302,000) (302,000)   $ (319,000) 28,000 $ (11,000)         $ (4,682,000) $ (4,682,000)   $ (4,723,000) $ 403,000 $ (362,000)
Dividends to holders of Preferred Stock                     (2,559,000) (2,559,000)       (2,559,000) $ (17,000) $ (17,000)   $ (17,000) (2,810,000) (2,810,000)       (2,810,000)
Reclassification of Series A Preferred stock to permanent equity (in shares)                                               389,325    
Reclassification of Series A Preferred stock to permanent equity                                         8,812,000 8,812,000   $ 9,699,000 (887,000)  
Net loss (7,576,000)   (6,951,000)         (6,951,000)   (625,000)                                
Ending balance (in shares) at Mar. 31, 2023         22,737,853                                          
Ending balance at Mar. 31, 2023 378,682,000   373,932,000   $ 23,000 $ 367,988,000 859,029,000 (853,108,000)   4,750,000       $ 172,764,000         $ 1,200,000         $ 194,024,000    
Ending balance (in shares) at Mar. 31, 2023           14,789,488               6,975,710         48,857         7,764,921    
Beginning balance (in shares) at Dec. 31, 2022         22,737,853                                          
Beginning balance at Dec. 31, 2022 362,033,000 $ (619,000) 361,660,000 $ (619,000) $ 23,000 $ 337,762,000 861,721,000 (837,846,000) $ (619,000) 373,000       $ 147,514,000         $ 1,200,000         $ 189,048,000    
Beginning balance (in shares) at Dec. 31, 2022           13,570,353               5,956,147         48,857         7,565,349    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Reclassification of Series A Preferred stock to permanent equity 15,616,000                                                  
Net loss (42,584,000)                                                  
Ending balance (in shares) at Sep. 30, 2023         22,786,741                                          
Ending balance at Sep. 30, 2023 375,260,000   372,424,000   $ 23,000 $ 421,749,000 854,377,000 (903,725,000)   2,836,000       $ 228,324,000         $ 1,190,000         $ 192,235,000    
Ending balance (in shares) at Sep. 30, 2023           16,966,190               9,223,544         48,447         7,694,199    
Beginning balance (in shares) at Mar. 31, 2023         22,737,853                                          
Beginning balance at Mar. 31, 2023 378,682,000   373,932,000   $ 23,000 $ 367,988,000 859,029,000 (853,108,000)   4,750,000       $ 172,764,000         $ 1,200,000         $ 194,024,000    
Beginning balance (in shares) at Mar. 31, 2023           14,789,488               6,975,710         48,857         7,764,921    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Stock-based compensation expense 37,000   37,000       37,000                                      
Common dividends (1,933,000)   (1,933,000)         (1,933,000)                                    
Issuance of Series A1 Preferred Stock (in shares)                           1,195,589                        
Issuance of Series A1 Preferred Stock                     26,985,000 26,985,000   $ 29,582,000 (2,597,000)                      
Redemption of Preferred Stock (in shares)                           (11,200)         (410)         (183,809)    
Redemption of Preferred Stock                     (278,000) (278,000)   $ (277,000) 23,000 (24,000) (10,000) (10,000) $ (10,000)   (4,465,000) (4,465,000)   $ (4,575,000) 401,000 (291,000)
Dividends to holders of Preferred Stock                     (3,373,000) (3,373,000)       (3,373,000) (17,000) (17,000)   (17,000) (2,749,000) (2,749,000)       (2,749,000)
Reclassification of Series A Preferred stock to permanent equity (in shares)                                               300,846    
Reclassification of Series A Preferred stock to permanent equity                                         6,804,000 6,804,000   $ 7,462,000 (658,000)  
Net loss (18,361,000)   (17,359,000)         (17,359,000)   (1,002,000)                                
Ending balance (in shares) at Jun. 30, 2023         22,737,853                                          
Ending balance at Jun. 30, 2023 381,322,000   377,574,000   $ 23,000 $ 400,170,000 856,235,000 (878,854,000)   3,748,000       $ 202,069,000         $ 1,190,000         $ 196,911,000    
Ending balance (in shares) at Jun. 30, 2023           16,090,504               8,160,099         48,447         7,881,958    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Distributions to noncontrolling interests (38,000)                 (38,000)                                
Stock based compensation expense (in shares)         48,888                                          
Stock-based compensation expense 36,000   36,000       36,000                                      
Common dividends (1,937,000)   (1,937,000)         (1,937,000)                                    
Issuance of Series A1 Preferred Stock (in shares)                           1,094,386                        
Issuance of Series A1 Preferred Stock                     24,701,000 24,701,000   $ 27,015,000 (2,314,000)                      
Redemption of Preferred Stock (in shares)                           (30,941)                   (187,759)    
Redemption of Preferred Stock                     (737,000) (737,000)   $ (760,000) 64,000 (41,000)         (4,631,000) (4,631,000)   $ (4,676,000) 356,000 (311,000)
Dividends to holders of Preferred Stock                     $ (4,116,000) (4,116,000)       (4,116,000) $ (17,000) (17,000)   (17,000) $ (2,676,000) (2,676,000)       (2,676,000)
Net loss (16,647,000)   (15,773,000)         (15,773,000)   (874,000)                                
Ending balance (in shares) at Sep. 30, 2023         22,786,741                                          
Ending balance at Sep. 30, 2023 $ 375,260,000   372,424,000   $ 23,000 $ 421,749,000 854,377,000 (903,725,000)   2,836,000       $ 228,324,000         $ 1,190,000         $ 192,235,000    
Ending balance (in shares) at Sep. 30, 2023           16,966,190               9,223,544         48,447         7,694,199    
Beginning balance (in shares) at Dec. 31, 2023 22,786,741       22,786,741                                          
Beginning balance at Dec. 31, 2023 $ 376,769,000   374,403,000   $ 23,000 $ 443,829,000 852,476,000 (921,925,000)   2,366,000       $ 256,935,000         $ 1,190,000         $ 185,704,000    
Beginning balance (in shares) at Dec. 31, 2023           17,858,629         10,378,343     10,378,343     48,447   48,447   7,431,839     7,431,839    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Stock-based compensation expense 55,000   55,000       55,000                                      
Common dividends (1,937,000)   (1,937,000)         (1,937,000)                                    
Issuance of Series A1 Preferred Stock (in shares)                           853,879                        
Issuance of Series A1 Preferred Stock                     $ 19,066,000 19,066,000   $ 21,246,000 (2,180,000)                      
Redemption of Preferred Stock (in shares)                           (24,046)                   (389,506)    
Redemption of Preferred Stock                     (567,000) (567,000)   $ (595,000) 52,000 (24,000)         $ (9,643,000) (9,643,000)   $ (9,698,000) 831,000 (776,000)
Dividends to holders of Preferred Stock                     $ (5,251,000) (5,251,000)       (5,251,000) $ (17,000) (17,000)   (17,000) $ (2,491,000) (2,491,000)       (2,491,000)
Net loss (3,905,000)   (3,730,000)         (3,730,000)   (175,000)                                
Ending balance (in shares) at Mar. 31, 2024         22,786,741                                          
Ending balance at Mar. 31, 2024 $ 372,079,000   369,888,000   $ 23,000 $ 454,782,000 851,234,000 (936,151,000)   2,191,000       $ 277,586,000         $ 1,190,000         $ 176,006,000    
Ending balance (in shares) at Mar. 31, 2024           18,298,956               11,208,176         48,447         7,042,333    
Beginning balance (in shares) at Dec. 31, 2023 22,786,741       22,786,741                                          
Beginning balance at Dec. 31, 2023 $ 376,769,000   374,403,000   $ 23,000 $ 443,829,000 852,476,000 (921,925,000)   2,366,000       $ 256,935,000         $ 1,190,000         $ 185,704,000    
Beginning balance (in shares) at Dec. 31, 2023           17,858,629         10,378,343     10,378,343     48,447   48,447   7,431,839     7,431,839    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Redemption of Preferred Stock (in shares)                                         (2,313,106)          
Reclassification of Series A Preferred stock to permanent equity 0                   $ 0                              
Net loss $ (15,333,000)                                                  
Ending balance (in shares) at Sep. 30, 2024 83,447,280       83,447,280                                          
Ending balance at Sep. 30, 2024 $ 322,861,000   320,961,000   $ 87,000 $ 321,770,000 984,978,000 (985,874,000)   1,900,000       $ 211,877,000         $ 1,190,000         $ 108,703,000    
Ending balance (in shares) at Sep. 30, 2024           12,942,114         8,553,591     8,553,591     48,447   48,447   4,340,076     4,340,076    
Beginning balance (in shares) at Mar. 31, 2024         22,786,741                                          
Beginning balance at Mar. 31, 2024 372,079,000   369,888,000   $ 23,000 $ 454,782,000 851,234,000 (936,151,000)   2,191,000       $ 277,586,000         $ 1,190,000         $ 176,006,000    
Beginning balance (in shares) at Mar. 31, 2024           18,298,956               11,208,176         48,447         7,042,333    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Distributions to noncontrolling interests (43,000)                 (43,000)                                
Stock-based compensation expense 55,000   55,000       55,000                                      
Common dividends (1,937,000)   (1,937,000)         (1,937,000)                                    
Redemption of Preferred Stock (in shares)                           (32,002)                   (287,474)    
Redemption of Preferred Stock                     $ (738,000) (738,000)   $ (791,000) 69,000 (16,000)         $ (7,099,000) (7,099,000)   $ (7,162,000) 621,000 (558,000)
Dividends to holders of Preferred Stock                     (5,491,000) (5,491,000)       (5,491,000) $ (17,000) (17,000)   (17,000) (2,368,000) (2,368,000)       (2,368,000)
Redeemable preferred stock accretion (428,000)   (428,000)         (428,000)                                    
Net loss (852,000)   (796,000)         (796,000)   (56,000)                                
Ending balance (in shares) at Jun. 30, 2024         22,786,741                                          
Ending balance at Jun. 30, 2024 353,161,000   351,069,000   $ 23,000 $ 446,829,000 851,979,000 (947,762,000)   2,092,000       $ 276,795,000         $ 1,190,000         $ 168,844,000    
Ending balance (in shares) at Jun. 30, 2024           17,979,480               11,176,174         48,447         6,754,859    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                    
Stock based compensation expense (in shares)         107,840                                          
Stock-based compensation expense 55,000   55,000       55,000                                      
Common dividends 0   0   $ 3,000   3,336,000 (3,339,000)                                    
Redemption of Preferred Stock (in shares)                           (31,967)                   (247,627)    
Redemption of Preferred Stock                     (738,000) (738,000)   $ (791,000) 70,000 (17,000) 0       (6,143,000) (6,143,000)   $ (6,214,000) 530,000 (459,000)
Redemption of Preferred Stock paid in Common Stock (in shares)                         32,998,865 2,590,616                 27,553,834 2,167,156    
Redemption of Preferred Stock paid in Common Stock                     (2,387,000) (2,387,000) $ 33,000 $ (64,127,000) $ 70,147,000 (8,440,000)         (2,218,000) (2,218,000) $ 28,000 $ (53,927,000) $ 58,861,000 (7,180,000)
Dividends to holders of Preferred Stock                     $ (5,710,000) $ (5,710,000)       $ (5,710,000) $ (17,000) $ (17,000)   $ (17,000) (2,239,000) $ (2,239,000)       $ (2,239,000)
Redeemable preferred stock accretion (327,000)   (327,000)         (327,000)                                    
Reclassification of Series A Preferred stock to permanent equity                                         $ 0          
Net loss $ (10,576,000)   (10,384,000)         (10,384,000)   (192,000)                                
Ending balance (in shares) at Sep. 30, 2024 83,447,280       83,447,280                                          
Ending balance at Sep. 30, 2024 $ 322,861,000   $ 320,961,000   $ 87,000 $ 321,770,000 $ 984,978,000 $ (985,874,000)   $ 1,900,000       $ 211,877,000         $ 1,190,000         $ 108,703,000    
Ending balance (in shares) at Sep. 30, 2024           12,942,114         8,553,591     8,553,591     48,447   48,447   4,340,076     4,340,076