Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.24.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Series D Preferred Stock
Series F Preferred Stock
Series G Preferred Stock
Total Stockholders' Equity
Total Stockholders' Equity
Series D Preferred Stock
Total Stockholders' Equity
Series F Preferred Stock
Total Stockholders' Equity
Series G Preferred Stock
Preferred Stock
Series F Preferred Stock
Common and Senior Common Stock
Common and Senior Common Stock
Senior Common Stock
Additional Paid in Capital
Additional Paid in Capital
Series F Preferred Stock
Accumulated Other Comprehensive Income
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Series D Preferred Stock
Distributions in Excess of Accumulated Earnings
Series F Preferred Stock
Distributions in Excess of Accumulated Earnings
Series G Preferred Stock
Non-Controlling Interest
Preferred stock, beginning balance (in shares) at Dec. 31, 2020                 116,674                    
Common stock, beginning balance (in shares) at Dec. 31, 2020                   35,331,970 750,372                
Beginning balance at Dec. 31, 2020 $ 214,489       $ 211,635       $ 0 $ 35 $ 1 $ 626,533   $ (4,345) $ (410,589)       $ 2,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of Series A, B and F preferred stock and common stock, net (in shares)                 306,246 1,771,277                  
Issuance of Series A, B and F preferred stock and common stock, net 43,527       43,527         $ 2   43,525              
Conversion of senior common stock to common stock (in shares)                   124,301 (150,311)                
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (67,593)       (67,114)                   (67,114)       (479)
Comprehensive income 2,854       2,854                 2,854          
Reclassification into interest expense 145       145                 145          
Redemptions of OP Units (in shares)                   246,039                  
Redemptions of OP Units 0       4,812             4,812             (4,812)
Stock redeemed   $ (2,141)       $ (2,141)                   $ (2,141)      
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0       (3,736)             (3,736)             3,736
Net income 10,895       10,935                   10,935       (40)
Preferred stock, ending balance (in shares) at Dec. 31, 2021                 422,920                    
Common stock, ending balance (in shares) at Dec. 31, 2021                   37,473,587 600,061                
Ending balance at Dec. 31, 2021 202,177       200,918       $ 0 $ 37 $ 1 671,134   (1,346) (468,908)       1,259
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of Series A, B and F preferred stock and common stock, net (in shares)                 247,975 2,130,056                  
Issuance of Series A, B and F preferred stock and common stock, net 48,636       48,636       $ 1 $ 2   48,633              
Conversion of senior common stock to common stock (in shares)                   140,716 (168,997)                
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (71,481)       (71,027)                   (71,027)       (454)
Comprehensive income 12,115       12,115                 12,115          
Reclassification into interest expense 871       871                 871          
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net 2,394                                   2,394
Stock redeemed     $ 164       $ 164           $ 174       $ (10)    
Repurchase of common stock, net       $ 37       $ 37                   $ 37  
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0       1,386             1,386             (1,386)
Net income $ 10,782       10,805                   10,805       (23)
Preferred stock, ending balance (in shares) at Dec. 31, 2022                 670,895                    
Common stock, ending balance (in shares) at Dec. 31, 2022 39,744,359                 39,744,359 431,064                
Ending balance at Dec. 31, 2022 $ 205,694       203,904       $ 1 $ 39 $ 1 721,327   11,640 (529,104)       1,790
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Issuance of Series A, B and F preferred stock and common stock, net (in shares)                 247,706 238,078                  
Issuance of Series A, B and F preferred stock and common stock, net 7,119       7,119         $ 1   7,118              
Conversion of senior common stock to common stock (in shares)                   18,114 (24,639)                
Conversion of senior common stock to common stock 0                                    
Retirement of senior common stock, net 52       52             52              
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (61,106)       (60,649)                   (60,649)       (457)
Comprehensive income (4,853)       (4,853)                 (4,853)          
Reclassification into interest expense 971       971                 971          
Redemptions of OP Units (in shares)                   80,825                  
Redemptions of OP Units 0       1,040             1,040             (1,040)
Stock redeemed     $ 466       $ 466           $ 477       $ (11)    
Repurchase of common stock, net (in shares)                   (80,780)                  
Repurchase of common stock, net 998     $ 3 998     $ 3       998           $ 3  
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0       (756)             (756)             756
Net income $ 4,922       4,985                   4,985       (63)
Preferred stock, ending balance (in shares) at Dec. 31, 2023                 918,601                    
Common stock, ending balance (in shares) at Dec. 31, 2023 40,000,596                 40,000,596 406,425                
Ending balance at Dec. 31, 2023 $ 154,266       $ 153,280       $ 1 $ 40 $ 1 $ 730,256   $ 7,758 $ (584,776)       $ 986