XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Shares
Paid-in Capital
Accumulated Distributions in Excess of Earnings
Total Beneficial Interest
Noncontrolling Interest in Operating Partnership
Noncontrolling Interest in Partially Owned Properties
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance at Dec. 31, 2021   $ 148,562 $ (31,706) $ 116,856 $ 176,954 $ 2,657 $ (950) $ 295,517
Beginning Balance (in shares) at Dec. 31, 2021 10,342              
Contribution of assets in exchange for the issuance of noncontrolling interest shares         10,180     10,180
Shares/units redeemed   (401)   (401) (335)     (736)
Shares/units redeemed (in shares) (18)              
Dividends and distributions declared     (3,007) (3,007) (5,359)     (8,366)
Dividends reinvested - stock dividend   1,716   1,716       1,716
Dividends reinvested - stock dividend (in shares) 79              
Issuance of shares under optional purchase plan   1,313   1,313       1,313
Issuance of shares under optional purchase plan (in shares) 57              
Change in fair value of interest rate swaps             6,524 6,524
Net income     1,214 1,214 2,145 30   3,389
Ending balance at Mar. 31, 2022   151,190 (33,499) 117,691 183,585 2,687 5,574 309,537
Ending balance (in shares) at Mar. 31, 2022 10,460              
Beginning Balance at Dec. 31, 2021   148,562 (31,706) 116,856 176,954 2,657 (950) 295,517
Beginning Balance (in shares) at Dec. 31, 2021 10,342              
Change in fair value of interest rate swaps               10,339
Net income               10,496
Ending balance at Jun. 30, 2022   153,487 (33,968) 119,519 182,621 2,695 9,389 314,224
Ending balance (in shares) at Jun. 30, 2022 10,563              
Beginning Balance at Mar. 31, 2022   151,190 (33,499) 117,691 183,585 2,687 5,574 309,537
Beginning Balance (in shares) at Mar. 31, 2022 10,460              
Shares/units redeemed   (386)   (386) (138)     (524)
Shares/units redeemed (in shares) (18)              
Dividends and distributions declared     (3,037) (3,037) (5,357)     (8,394)
Dividends reinvested - stock dividend   1,877   1,877       1,877
Dividends reinvested - stock dividend (in shares) 86              
Issuance of shares under optional purchase plan   806   806       806
Issuance of shares under optional purchase plan (in shares) 35              
Change in fair value of interest rate swaps             3,815 3,815
Net income     2,568 2,568 4,531 8   7,107
Ending balance at Jun. 30, 2022   153,487 (33,968) 119,519 182,621 2,695 9,389 314,224
Ending balance (in shares) at Jun. 30, 2022 10,563              
Beginning Balance at Dec. 31, 2022   159,003 (35,007) 123,996 183,048 2,640 13,782 323,466
Beginning Balance (in shares) at Dec. 31, 2022 10,810              
Shares/units redeemed   (181)   (181) (915)     (1,096)
Shares/units redeemed (in shares) (8)              
Dividends and distributions declared     (3,147) (3,147) (5,373)     (8,520)
Dividends reinvested - stock dividend   1,962   1,962       1,962
Dividends reinvested - stock dividend (in shares) 90              
Issuance of shares under optional purchase plan   1,291   1,291       1,291
Issuance of shares under optional purchase plan (in shares) 56              
Change in fair value of interest rate swaps             (2,378) (2,378)
Net income     (240) (240) (408) (40)   (688)
Ending balance at Mar. 31, 2023   162,075 (38,394) 123,681 176,352 2,600 11,404 314,037
Ending balance (in shares) at Mar. 31, 2023 10,948              
Beginning Balance at Dec. 31, 2022   159,003 (35,007) 123,996 183,048 2,640 13,782 323,466
Beginning Balance (in shares) at Dec. 31, 2022 10,810              
Change in fair value of interest rate swaps               (355)
Net income               4,041
Ending balance at Jun. 30, 2023   164,043 (35,428) 128,615 167,760 2,551 13,427 312,353
Ending balance (in shares) at Jun. 30, 2023 11,035              
Beginning Balance at Mar. 31, 2023   162,075 (38,394) 123,681 176,352 2,600 11,404 314,037
Beginning Balance (in shares) at Mar. 31, 2023 10,948              
Shares/units redeemed   (979)   (979) (1,883)     (2,862)
Shares/units redeemed (in shares) (45)              
Dividends and distributions declared     (3,173) (3,173) (5,348)     (8,521)
Dividends reinvested - stock dividend   1,996   1,996       1,996
Dividends reinvested - stock dividend (in shares) 91              
Issuance of shares under optional purchase plan   951   951       951
Issuance of shares under optional purchase plan (in shares) 41              
Change in fair value of interest rate swaps             2,023 2,023
Net income     6,139 6,139 (1,361) (49)   4,729
Ending balance at Jun. 30, 2023   $ 164,043 $ (35,428) $ 128,615 $ 167,760 $ 2,551 $ 13,427 $ 312,353
Ending balance (in shares) at Jun. 30, 2023 11,035