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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Preferred Stock
Additional Paid-in Capital
Distributions in Excess of Earnings
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, 2023     91,146                                        
Beginning balance at Dec. 31, 2023 $ 376,769 $ 374,403 $ 23 $ 443,829 $ 852,476 $ (921,925) $ 2,366       $ 256,935         $ 1,190         $ 185,704    
Beginning balance (in shares) at Dec. 31, 2023       17,858,629             10,378,343         48,447         7,431,839    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Stock-based compensation expense 55 55     55                                    
Common Stock dividends (1,937) (1,937)       (1,937)                                  
Issuance of Series A1 Preferred Stock (in shares)                     853,879                        
Issuance of Series A1 Preferred Stock               $ 19,066 $ 19,066   $ 21,246 $ (2,180)                      
Redemption of Preferred Stock (in shares)                     (24,046)                   (389,506)    
Redemption of Preferred Stock               (567) (567)   $ (595) 52 $ (24)         $ (9,643) $ (9,643)   $ (9,698) $ 831 $ (776)
Dividends to holders of Preferred Stock               (5,251) (5,251)       (5,251) $ (17) $ (17)   $ (17) (2,491) (2,491)       (2,491)
Net loss (3,905) (3,730)       (3,730) (175)                                
Ending balance (in shares) at Mar. 31, 2024     91,146                                        
Ending balance at Mar. 31, 2024 372,079 369,888 $ 23 $ 454,782 851,234 (936,151) 2,191       $ 277,586         $ 1,190         $ 176,006    
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     91,146                                        
Beginning balance at Dec. 31, 2023 376,769 374,403 $ 23 $ 443,829 852,476 (921,925) 2,366       $ 256,935         $ 1,190         $ 185,704    
Beginning balance (in shares) at Dec. 31, 2023       17,858,629             10,378,343         48,447         7,431,839    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Reclassification of Series A1 Preferred Stock to Permanent Equity 0                                            
Net loss (15,333)                                            
Ending balance (in shares) at Sep. 30, 2024     333,787                                        
Ending balance at Sep. 30, 2024 322,861 320,961 $ 87 $ 321,770 984,978 (985,874) 1,900       $ 211,877         $ 1,190         $ 108,703    
Ending balance (in shares) at Sep. 30, 2024       12,942,114             8,553,591         48,447         4,340,076    
Beginning balance (in shares) at Mar. 31, 2024     91,146                                        
Beginning balance at Mar. 31, 2024 372,079 369,888 $ 23 $ 454,782 851,234 (936,151) 2,191       $ 277,586         $ 1,190         $ 176,006    
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)           (43)                                
Stock-based compensation expense 55 55     55                                    
Common Stock dividends (1,937) (1,937)       (1,937)                                  
Redemption of Preferred Stock (in shares)                     (32,002)                   (287,474)    
Redemption of Preferred Stock               (738) (738)   $ (791) 69 (16) (428) (428)   (428) (7,099) (7,099)   $ (7,162) 621 (558)
Dividends to holders of Preferred Stock               (5,491) (5,491)       (5,491) (17) (17)   (17) (2,368) (2,368)       (2,368)
Net loss (852) (796)       (796) (56)                                
Ending balance (in shares) at Jun. 30, 2024     91,146                                        
Ending balance at Jun. 30, 2024 353,161 351,069 $ 23 $ 446,829 851,979 (947,762) 2,092       $ 276,795         $ 1,190         $ 168,844    
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)     431                                        
Stock-based compensation expense 55 55     55                                    
Redemption of Preferred Stock paid in Common Stock (in shares)                   131,995 2,590,616                 110,215 2,167,156    
Redemption of Preferred Stock paid in Common Stock               (2,387) (2,387) $ 33 $ (64,127) 70,147 (8,440)         (2,218) (2,218) $ 28 $ (53,927) 58,861 (7,180)
Common Stock dividends 0 0 $ 3   3,336 (3,339)                                  
Redemption of Preferred Stock (in shares)                     (31,967)                   (247,627)    
Redemption of Preferred Stock               (738) (738)   $ (791) 70 (17) (327) (327)   (327) (6,143) (6,143)   $ (6,214) 530 (459)
Dividends to holders of Preferred Stock               $ (5,710) (5,710)       (5,710) $ (17) (17)   (17) $ (2,239) (2,239)       (2,239)
Net loss (10,576) (10,384)       (10,384) (192)                                
Ending balance (in shares) at Sep. 30, 2024     333,787                                        
Ending balance at Sep. 30, 2024 $ 322,861 320,961 $ 87 $ 321,770 984,978 (985,874) 1,900       $ 211,877         $ 1,190         $ 108,703    
Ending balance (in shares) at Sep. 30, 2024       12,942,114             8,553,591         48,447         4,340,076    
Beginning balance (in shares) at Dec. 31, 2024 466,176   466,180                                        
Beginning balance at Dec. 31, 2024 $ 306,264 304,516 $ 119 $ 311,903 994,973 (1,002,479) 1,748       $ 207,387         $ 1,190         $ 103,326    
Beginning balance (in shares) at Dec. 31, 2024       12,546,499       8,372,689     8,372,689     48,447   48,447   4,125,363     4,125,363    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Stock-based compensation expense 55 55     55                                    
Par value adjustment 0   $ (107)   107                                    
Redemption of Preferred Stock paid in Common Stock (in shares)                   96,283 194,216                 192,144 104,471    
Redemption of Preferred Stock paid in Common Stock               $ 43 43 $ 5 $ (4,813) 4,982 (131)         $ 23 23 $ 3 $ (2,606) $ 2,796 (170)
Dividends to holders of Preferred Stock               $ (4,068) (4,068)       (4,068) $ (17) (17)   (17) $ (1,393) (1,393)       (1,393)
Net loss (6,272) (6,114)       (6,114) (158)                                
Ending balance (in shares) at Mar. 31, 2025     754,607                                        
Ending balance at Mar. 31, 2025 $ 294,635 293,045 $ 20 $ 304,484 1,002,913 (1,014,372) 1,590       $ 202,574         $ 1,190         $ 100,720    
Ending balance (in shares) at Mar. 31, 2025       12,247,812             8,178,473         48,447         4,020,892    
Beginning balance (in shares) at Dec. 31, 2024 466,176   466,180                                        
Beginning balance at Dec. 31, 2024 $ 306,264 304,516 $ 119 $ 311,903 994,973 (1,002,479) 1,748       $ 207,387         $ 1,190         $ 103,326    
Beginning balance (in shares) at Dec. 31, 2024       12,546,499       8,372,689     8,372,689     48,447   48,447   4,125,363     4,125,363    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Reclassification of Series A1 Preferred Stock to Permanent Equity 20,799             $ 20,800                   $ 199,600          
Redemption of Preferred Stock (in shares)                                   (2,330,186)          
Net loss $ (28,009)                                            
Ending balance (in shares) at Sep. 30, 2025 789,251   789,251                                        
Ending balance at Sep. 30, 2025 $ 282,951 281,931 $ 3 $ 327,869 1,000,454 (1,046,395) 1,020       $ 225,959         $ 1,190         $ 100,720    
Ending balance (in shares) at Sep. 30, 2025       13,161,402       9,092,063     9,092,063     56,857   48,447   4,020,892     4,020,892    
Beginning balance (in shares) at Mar. 31, 2025     754,607                                        
Beginning balance at Mar. 31, 2025 294,635 293,045 $ 20 $ 304,484 1,002,913 (1,014,372) 1,590       $ 202,574         $ 1,190         $ 100,720    
Beginning balance (in shares) at Mar. 31, 2025       12,247,812             8,178,473         48,447         4,020,892    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Contributions to noncontrolling interests 8           8                                
Distributions to noncontrolling interests (285)           (285)                                
Stock-based compensation expense 55 55     55                                    
Par value adjustment 0 0 $ (19)   19                                    
Reclassification of Series A1 Preferred Stock to Permanent Equity (in shares)                     364,714                        
Reclassification of Series A1 Preferred Stock to Permanent Equity               $ 8,295 8,295   $ 9,491 (1,196)                      
Dividends to holders of Preferred Stock               (3,881) (3,881)       (3,881) $ (17) (17)   (17) $ (1,389) (1,389)       (1,389)
Net loss (9,151) (8,999)       (8,999) (152)                                
Ending balance (in shares) at Jun. 30, 2025     754,607                                        
Ending balance at Jun. 30, 2025 288,270 287,109 $ 1 $ 313,975 1,001,791 (1,028,658) 1,161       $ 212,065         $ 1,190         $ 100,720    
Ending balance (in shares) at Jun. 30, 2025       12,612,526             8,543,187         48,447         4,020,892    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Distributions to noncontrolling interests (10)           (10)                                
Stock based compensation expense (in shares)     34,644                                        
Stock-based compensation expense 57 57 $ 2   55                                    
Reclassification of Series A1 Preferred Stock to Permanent Equity (in shares)                     548,876                        
Reclassification of Series A1 Preferred Stock to Permanent Equity               12,502 12,502   $ 13,894 $ (1,392)                      
Dividends to holders of Preferred Stock               $ (3,881) $ (3,881)       $ (3,881) $ (17) $ (17)   $ (17) $ (1,384) $ (1,384)       $ (1,384)
Net loss $ (12,586) (12,455)       (12,455) (131)                                
Ending balance (in shares) at Sep. 30, 2025 789,251   789,251                                        
Ending balance at Sep. 30, 2025 $ 282,951 $ 281,931 $ 3 $ 327,869 $ 1,000,454 $ (1,046,395) $ 1,020       $ 225,959         $ 1,190         $ 100,720    
Ending balance (in shares) at Sep. 30, 2025       13,161,402       9,092,063     9,092,063     56,857   48,447   4,020,892     4,020,892