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Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Balance (in shares) at Dec. 31, 2023 4,800,000 48,859,836          
Balance at Dec. 31, 2023 $ 48 $ 488 $ 1,047,176 $ (271,651) $ 776,061 $ 28,315 $ 804,376
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 43,670          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 470 0 471 0 471
Issuance of common shares, net of offering costs (in shares) 0 1,270          
Issuance of common shares, net of offering costs $ 0 $ 0 (231) 0 (231) 0 (231)
Issuance of restricted time-based shares (in shares) 0 2,943          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Amortization of share-based compensation 0 0 13 0 13 1,450 1,463
Dividends declared on common shares 0 0 0 (3,424) (3,424) 0 (3,424)
Distributions declared on LTIP units 0 0 0 0 0 (215) (215)
Forfeited distributions declared on LTIP units 0 0 0 0 0 9 9
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Reallocation of noncontrolling interest 0 0 (649) 0 (649) 649 0
Net income (loss) $ 0 $ 0 0 (5,225) (5,225) (259) (5,484)
Balance (in shares) at Mar. 31, 2024 4,800,000 48,907,719          
Balance at Mar. 31, 2024 $ 48 $ 489 1,046,779 (282,287) 765,029 29,949 794,978
Balance (in shares) at Dec. 31, 2024 4,800,000 48,912,293          
Balance at Dec. 31, 2024 $ 48 $ 489 1,046,812 (289,130) 758,219 33,778 791,997
Issuance of common shares pursuant to Equity Incentive Plan (in shares) 0 61,551          
Issuance of common shares pursuant to Equity Incentive Plan $ 0 $ 1 562 0 563 0 563
Issuance of common shares, net of offering costs (in shares) 0 1,282          
Issuance of common shares, net of offering costs $ 0 $ 0 11 0 11 0 11
Issuance of restricted time-based shares (in shares) 0 8,044          
Issuance of restricted time-based shares $ 0 $ 0 0 0 0 0 0
Amortization of share-based compensation 0 0 8 0 8 1,459 1,467
Dividends declared on common shares 0 0 0 (4,409) (4,409) 0 (4,409)
Distributions declared on LTIP units 0 0 0 0 0 (324) (324)
Forfeited distributions declared on LTIP units 0 0 0 0 0 48 48
Dividends accrued on preferred shares 0 0 0 (1,987) (1,987) 0 (1,987)
Reallocation of noncontrolling interest 0 0 763 0 763 (763) 0
Net income (loss) $ 0 $ 0 0 1,536 1,536 (17) 1,519
Balance (in shares) at Mar. 31, 2025 4,800,000 48,982,638          
Balance at Mar. 31, 2025 $ 48 $ 490 1,048,151 (293,990) 754,699 34,181 788,880
Repurchase of common shares (in shares) 0 (532)          
Repurchase of common shares $ 0 $ 0 $ (5) $ 0 $ (5) $ 0 $ (5)