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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Shares
Total Shareholders’ Equity
Total Shareholders’ Equity
Common Shares
Preferred Shares
Common Shares
Common Shares
Common Shares
Additional Paid - In Capital
Additional Paid - In Capital
Common Shares
Retained earnings (distributions in excess of retained earnings)
Noncontrolling Interest in Operating Partnership
Beginning Balance (in shares) at Dec. 31, 2020         0 46,973,473          
Beginning Balance at Dec. 31, 2020 $ 692,460   $ 677,752   $ 0 $ 470   $ 906,000   $ (228,718) $ 14,708
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)           40,203          
Issuance of shares pursuant to Equity Incentive Plan 450   450         450      
Issuance of shares, net of offering costs (in shares)             1,504,525        
Issuance of shares, net of offering costs   $ 20,776   $ 20,776     $ 15   $ 20,761    
Amortization of share based compensation 1,038   7         7     1,031
Forfeited distributions declared on LTIP units 40                   40
Reallocation of noncontrolling interest 0   2,507         2,507     (2,507)
Net income (loss) 2,702   2,656             2,656 46
Ending Balance (in shares) at Mar. 31, 2021         0 48,518,201          
Ending Balance at Mar. 31, 2021 717,466   704,148   $ 0 $ 485   929,725   (226,062) 13,318
Beginning Balance (in shares) at Dec. 31, 2021         4,800,000 48,768,890          
Beginning Balance at Dec. 31, 2021 814,193   797,502   $ 48 $ 487   1,048,070   (251,103) 16,691
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)             34,672        
Issuance of shares pursuant to Equity Incentive Plan   487   487     $ 1   486    
Issuance of shares, net of offering costs (in shares)             1,023        
Issuance of shares, net of offering costs   $ (14)   $ (14)         $ (14)    
Amortization of share based compensation 1,159   10         10     1,149
Reallocation of noncontrolling interest 0   (1,521)         (1,521)     1,521
Net income (loss) (9,699)   (9,446)             (9,446) (253)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Ending Balance (in shares) at Mar. 31, 2022         4,800,000 48,804,585          
Ending Balance at Mar. 31, 2022 $ 804,139   $ 785,031   $ 48 $ 488   $ 1,047,031   $ (262,536) $ 19,108