XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.2
BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Preferred Stock Terms of the Series C, Series D, and Series E Preferred Shares outstanding at June 30, 2023 and December 31, 2022 are summarized as follows:
    Dividend Per Share 
Shares Outstanding  Six Months Ended June 30,
SeriesJune 30, 2023December 31, 2022Aggregate Liquidation PreferenceDistribution Rate20232022
Series C3,000,000 3,000,000 $75,000 6.875 %$0.8594 $0.8594 
Series D7,701,700 7,701,700 $192,500 6.500 %$0.8125 $0.8125 
Series E4,001,514 4,001,514 $100,000 6.500 %$0.8125 $0.8125 
Total14,703,214 14,703,214     
Schedule of Revision of Prior Period Financial Statements As a result, the Company has corrected the immaterial misstatements as disclosed in the following tables for all impacted financial statement line items in prior periods.
For the Three Months Ended For the Six Months Ended
June 30, 2022June 30, 2022
As Previously ReportedAdjustmentAs RevisedAs Previously ReportedAdjustmentAs Revised
Consolidated Statement of Operations:
Interest Expense$(14,769)$372 $(14,397)$(29,006)$739 $(28,267)
Income (Loss) Before Results from Unconsolidated Joint Venture Investments and Income Taxes8,948 372 9,320 (7,061)739 (6,322)
Income (Loss) Before Income taxes9,305 372 9,677 (7,640)739 (6,901)
Net Income (Loss)9,212 372 9,584 (7,754)739 (7,015)
(Income) Loss Allocated to Noncontrolling Interests - Common Units(379)(44)(423)2,345 (87)2,258 
Net Income (Loss) Applicable to Common Shareholders2,099 328 2,427 (20,460)652 (19,808)
Net Income (Loss) Per Share:
Basic - Income (Loss) from Continuing Operations Applicable to Common Shareholders$0.05 $0.01 $0.06 $(0.52)$0.02 $(0.50)
Diluted - Income (Loss) from Continuing Operations Applicable to Common Shareholders$0.05 $0.01 $0.06 $(0.52)$0.02 $(0.50)
Consolidated Statement of Comprehensive Income (Loss):
Net Income (Loss)$9,212 $372 $9,584 $(7,754)$739 $(7,015)
Reclassification Adjustment for Change in Fair Value of Derivative Instruments Included in Net Income (Loss)— (372)(372)— (739)(739)
Total Other Comprehensive Income5,353 (372)4,981 20,842 (739)20,103 
Consolidated Statement of Cash Flows:
Operating Activities:
Net Loss(7,754)739 (7,015)
Gain Recognized on Change in Fair Value of Derivative Instrument— (739)(739)