Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Equity

v3.25.4
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Series F Preferred Stock
Series G Preferred Stock
Total Stockholders' Equity
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
Series F Preferred 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 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, 2022             670,895                    
Common stock, beginning balance (in shares) at Dec. 31, 2022               39,744,359   431,064              
Beginning 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 common stock and Series F preferred stock, net (in shares)             247,706   238,078                
Issuance of common stock and Series F preferred stock, net   $ 7,119     $ 7,119   $ 0   $ 1     $ 7,118          
Conversion of senior common stock to common stock (in shares)               18,114   (24,639)              
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)
Redemption of Series F preferred stock, net   466     466             477     $ (11)    
Repurchase of Series G preferred stock, net and common stock, net 998   $ 3 998   $ 3         998         $ 3  
Repurchase of common stock, net (in shares)               (80,780)                  
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   406,425              
Ending balance at Dec. 31, 2023 154,266     153,280     $ 1 $ 40   $ 1 730,256   7,758 (584,776)     986
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of common stock and Series F preferred stock, net (in shares)             70,020   3,699,597                
Issuance of common stock and Series F preferred stock, net   51,725     51,725   $ 0   $ 4     51,721          
Conversion of senior common stock to common stock (in shares)               14,676   (17,235)              
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (63,304)     (63,120)                   (63,120)     (184)
Comprehensive income 2,702     2,702                 2,702        
Reclassification into interest expense 188     188                 188        
Redemptions of OP units (in shares)               271,169                  
Redemptions of OP Units 0     3,865             3,865           (3,865)
Redemption of Series F preferred stock, net (in shares)             (74,068)                    
Redemption of Series F preferred stock, net   1,684     1,684             1,698     (14)    
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0     (3,151)             (3,151)           3,151
Net income $ 24,040     23,998                   23,998     42
Preferred stock, ending balance (in shares) at Dec. 31, 2024             914,553                    
Common stock, ending balance (in shares) at Dec. 31, 2024 43,986,038             43,986,038   389,190              
Ending balance at Dec. 31, 2024 $ 171,301     171,171     $ 1 $ 44   $ 1 784,389   10,648 (623,912)     130
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of common stock and Series F preferred stock, net (in shares)             34,470   4,412,814                
Issuance of common stock and Series F preferred stock, net   61,743     61,743       $ 4     61,739          
Conversion of senior common stock to common stock (in shares)               8,141   (9,967)              
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (68,600)     (68,552)                   (68,552)     (48)
Comprehensive income (7,349)     (7,349)                 (7,349)        
Reclassification into interest expense 15     15                 15        
Redemption of Series F preferred stock, net (in shares)             (198,776)                    
Redemption of Series F preferred stock, net   $ (4,510)     $ (4,510)             $ (4,520)     $ 10    
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0     (34)             (34)           34
Net income $ 19,292     19,286                   19,286     6
Preferred stock, ending balance (in shares) at Dec. 31, 2025             750,247                    
Common stock, ending balance (in shares) at Dec. 31, 2025 48,406,993             48,406,993   379,223              
Ending balance at Dec. 31, 2025 $ 171,892     $ 171,770     $ 1 $ 48   $ 1 $ 841,574   $ 3,314 $ (673,168)     $ 122