Consolidated Statements of Equity - USD ($) $ in Thousands |
Total |
Total Stockholders’ Equity |
Common Stock |
Additional Paid-in Capital |
Distributions in Excess of Accumulated Earnings |
Accumulated Other Comprehensive Income (Loss) |
Non- Controlling Interest |
Series B Preferred Stock |
Series B Preferred Stock
Preferred Stock
|
Series C Preferred Stock |
Series C Preferred Stock
Total Stockholders’ Equity
|
Series C Preferred Stock
Preferred Stock
|
Series C Preferred Stock
Additional Paid-in Capital
|
Series C Preferred Stock
Distributions in Excess of Accumulated Earnings
|
Series E Preferred Stock |
Series E Preferred Stock
Total Stockholders’ Equity
|
Series E Preferred Stock
Preferred Stock
|
Series E Preferred Stock
Additional Paid-in Capital
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Beginning balance, preferred stock (in shares) at Dec. 31, 2020 | 5,956,065 | 1,088,435 | 0 | |||||||||||||||
Beginning balance at Dec. 31, 2020 | $ 383,790 | $ 383,790 | $ 26 | $ 440,470 | $ (55,213) | $ (1,500) | $ 0 | $ 6 | $ 1 | $ 0 | ||||||||
Beginning balance, common stock (in shares) at Dec. 31, 2020 | 26,219,019 | |||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||||
Issuance of stock, net (in shares) | 7,990,994 | 2,414,818 | ||||||||||||||||
Issuance of stock, net | 171,495 | 171,495 | $ 8 | 171,487 | $ 54,899 | $ 54,899 | $ 2 | $ 54,897 | ||||||||||
Redemptions of preferred stock (in shares) | (9,920) | |||||||||||||||||
Redemption of preferred stock net | (248) | (248) | $ (248) | (225) | $ (23) | |||||||||||||
Issuance of OP Units as consideration in real estate acquisitions, net | 3,970 | 3,970 | ||||||||||||||||
Net income | 3,514 | 3,495 | 3,495 | 19 | ||||||||||||||
Dividends—cumulative redeemable preferred stock | (12,235) | (12,235) | (12,235) | |||||||||||||||
Distributions—OP Units and common stock | (16,583) | (16,491) | (16,491) | (92) | ||||||||||||||
Comprehensive income attributable to the Company | 464 | 464 | 464 | |||||||||||||||
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership | 0 | 1,646 | 1,646 | (1,646) | ||||||||||||||
Ending balance, preferred stock (in shares) at Dec. 31, 2021 | 5,956,065 | 3,493,333 | 0 | |||||||||||||||
Ending balance at Dec. 31, 2021 | 589,066 | 586,815 | $ 34 | 668,275 | (80,467) | (1,036) | 2,251 | $ 6 | $ 3 | $ 0 | ||||||||
Ending balance, common stock (in shares) at Dec. 31, 2021 | 34,210,013 | |||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||||
Issuance of stock, net (in shares) | 840,384 | 6,736,615 | ||||||||||||||||
Issuance of stock, net | 21,982 | 21,982 | $ 1 | 21,981 | 152,739 | 152,739 | $ 7 | 152,732 | ||||||||||
Redemptions of preferred stock (in shares) | (38,595) | |||||||||||||||||
Redemption of preferred stock net | $ (901) | (901) | $ (901) | (876) | (25) | |||||||||||||
Redemptions of OP Units | (7,670) | (3,700) | (3,700) | (3,970) | ||||||||||||||
Net income | 4,716 | 4,708 | 4,708 | 8 | ||||||||||||||
Dividends—cumulative redeemable preferred stock | (19,693) | (19,693) | (19,693) | |||||||||||||||
Distributions—OP Units and common stock | (18,920) | (18,893) | (18,893) | (27) | ||||||||||||||
Comprehensive income attributable to the Company | 10,043 | 10,043 | 10,043 | |||||||||||||||
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership | 0 | (1,738) | (1,738) | 1,738 | ||||||||||||||
Ending balance, preferred stock (in shares) at Dec. 31, 2022 | 5,956,065 | 5,956,065 | 10,191,353 | 10,191,353 | 16,000,000 | 0 | ||||||||||||
Ending balance at Dec. 31, 2022 | $ 731,362 | 731,362 | $ 35 | 836,674 | (114,370) | 9,007 | 0 | $ 6 | $ 10 | $ 0 | ||||||||
Ending balance, common stock (in shares) at Dec. 31, 2022 | 35,050,397 | 35,050,397 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||||
Issuance of stock, net (in shares) | 788,045 | 14,069 | 237,441 | |||||||||||||||
Issuance of stock, net | $ 15,080 | 15,080 | $ 1 | 15,079 | $ 298 | 298 | 298 | $ 5,301 | $ 5,301 | $ 5,301 | ||||||||
Redemptions of preferred stock (in shares) | (48,913) | (1,600) | ||||||||||||||||
Redemption of preferred stock net | $ (1,156) | $ (1,156) | $ (1,200) | $ (1,110) | $ (46) | $ (36) | $ (36) | $ (36) | $ (36) | |||||||||
Net income | 14,565 | 14,565 | 14,565 | 0 | ||||||||||||||
Dividends—cumulative redeemable preferred stock | (24,371) | (24,371) | (24,371) | |||||||||||||||
Distributions—OP Units and common stock | (19,789) | (19,789) | (19,789) | |||||||||||||||
Comprehensive income attributable to the Company | (1,641) | (1,641) | (1,641) | |||||||||||||||
Ending balance, preferred stock (in shares) at Dec. 31, 2023 | 5,956,065 | 5,956,065 | 10,156,509 | 10,156,509 | 235,841 | 235,841 | ||||||||||||
Ending balance at Dec. 31, 2023 | $ 719,613 | $ 719,613 | $ 36 | $ 856,206 | $ (144,011) | $ 7,366 | $ 0 | $ 6 | $ 10 | $ 0 | ||||||||
Ending balance, common stock (in shares) at Dec. 31, 2023 | 35,838,442 | 35,838,442 |