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Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total stockholders' equity
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Accumulated other comprehensive income
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Beginning balance at Dec. 31, 2022 $ 904,014 $ 647,450 $ 171,085 $ 677 $ 587,884 $ (126,875) $ 14,679 $ 24,055 $ 232,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 5,417 4,709       4,709   154 554
Unrealized cash flow hedge (losses) gains (426) (328)         (328) 2 (100)
Realized cash flow hedge gains reclassified to net income (2,922) (2,211)         (2,211) (39) (672)
Net (costs) proceeds from issuance of common stock (149) (149)     (149)        
Restricted stock awards, net 979 979   2 977        
Acquisitions of noncontrolling interest in real estate entity (12,834)             (12,834)  
Distributions to noncontrolling interests (506)             (506)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (16,824) (12,908)       (12,908)     (3,916)
Ending balance at Mar. 31, 2023 873,862 634,655 171,085 679 588,712 (137,961) 12,140 10,832 228,375
Beginning balance at Dec. 31, 2022 904,014 647,450 171,085 677 587,884 (126,875) 14,679 24,055 232,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 28,725                
Unrealized cash flow hedge (losses) gains 9,868                
Realized cash flow hedge gains reclassified to net income (14,292)                
Ending balance at Sep. 30, 2023 866,644 620,954 171,085 679 589,291 (151,534) 11,433 10,441 235,249
Beginning balance at Mar. 31, 2023 873,862 634,655 171,085 679 588,712 (137,961) 12,140 10,832 228,375
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 14,885 11,863       11,863   269 2,753
Unrealized cash flow hedge (losses) gains 6,806 5,093         5,093 151 1,562
Realized cash flow hedge gains reclassified to net income (5,055) (3,735)         (3,735) (174) (1,146)
Restricted stock awards, net 337 337     337        
Issuance of operating partnership units for acquisitions 12,194               12,194
Redemption of operating partnership units (583) (19)     (19)       (564)
Distributions to noncontrolling interests (427)             (427)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (17,470) (13,248)       (13,248)     (4,222)
Ending balance at Jun. 30, 2023 881,662 632,059 171,085 679 589,030 (142,233) 13,498 10,651 238,952
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 8,423 6,940       6,940   193 1,290
Unrealized cash flow hedge (losses) gains 3,488 2,580         2,580 86 822
Realized cash flow hedge gains reclassified to net income (6,315) (4,645)         (4,645) (191) (1,479)
Net (costs) proceeds from issuance of common stock (55) (55)     (55)        
Retirement of common stock (643) (643)   (1) (540) (102)      
Restricted stock awards, net 867 867   1 866        
Redemption of operating partnership units (122) (10)     (10)       (112)
Distributions to noncontrolling interests (298)             (298)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (17,476) (13,252)       (13,252)     (4,224)
Ending balance at Sep. 30, 2023 866,644 620,954 171,085 679 589,291 (151,534) 11,433 10,441 235,249
Ending balance at Dec. 31, 2023 805,178 572,622 171,085 668 580,687 (184,724) 4,906 9,986 222,570
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 17,725 14,073       14,073   34 3,618
Unrealized cash flow hedge (losses) gains 3,554 2,664         2,664 29 861
Realized cash flow hedge gains reclassified to net income (3,642) (2,700)         (2,700) (68) (874)
Net (costs) proceeds from issuance of common stock (10) (10)     (10)        
Restricted stock awards, net 1,396 1,396   2 1,394        
Redemption of operating partnership units (118) (22)     (22)       (96)
Distributions to noncontrolling interests (336)             (336)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (18,183) (13,733)       (13,733)     (4,450)
Ending balance at Mar. 31, 2024 802,677 571,403 171,085 670 582,049 (187,271) 4,870 9,645 221,629
Beginning balance at Dec. 31, 2023 805,178 572,622 171,085 668 580,687 (184,724) 4,906 9,986 222,570
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 13,458                
Unrealized cash flow hedge (losses) gains 1,188                
Realized cash flow hedge gains reclassified to net income (6,365)                
Ending balance at Sep. 30, 2024 881,492 663,852 171,085 797 713,809 (222,839) 1,000 9,388 208,252
Beginning balance at Mar. 31, 2024 802,677 571,403 171,085 670 582,049 (187,271) 4,870 9,645 221,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 3,279 3,172       3,172   17 90
Unrealized cash flow hedge (losses) gains 984 743         743   241
Realized cash flow hedge gains reclassified to net income (1,398) (1,056)         (1,056)   (342)
Net (costs) proceeds from issuance of common stock 4,263 4,263   4 4,259        
Restricted stock awards, net 809 809     809        
Distributions to noncontrolling interests (151)             (151)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (18,170) (13,713)       (13,713)     (4,457)
Ending balance at Jun. 30, 2024 789,406 562,734 171,085 674 587,117 (200,699) 4,557 9,511 217,161
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (7,546) (5,038)       (5,038)   (17) (2,491)
Unrealized cash flow hedge (losses) gains (3,350) (2,549)         (2,549)   (801)
Realized cash flow hedge gains reclassified to net income (1,325) (1,008)         (1,008)   (317)
Net (costs) proceeds from issuance of common stock 125,221 125,221   122 125,099        
Restricted stock awards, net 805 805     805        
Redemption of operating partnership units (68) 789   1 788       (857)
Distributions to noncontrolling interests (106)             (106)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (18,658) (14,215)       (14,215)     (4,443)
Ending balance at Sep. 30, 2024 $ 881,492 $ 663,852 $ 171,085 $ 797 $ 713,809 $ (222,839) $ 1,000 $ 9,388 $ 208,252