XML 14 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Total Shareholders’ Equity
Total Shareholders’ Equity
Preferred Shares
Total Shareholders’ Equity
Common Shares
Preferred Shares
Preferred Shares
Preferred Shares
Common Shares
Common Shares
Common Shares
Additional Paid - In Capital
Additional Paid - In Capital
Preferred Shares
Additional Paid - In Capital
Common Shares
Accumulated Deficit
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, net of offering costs (in shares)               4,800,000   1,744,140          
Issuance of shares, net of offering costs   $ 115,957 $ 23,775   $ 115,957 $ 23,775   $ 48   $ 17   $ 115,909 $ 23,758    
Issuance of shares pursuant to Equity Incentive Plan (in shares)                 50,203            
Issuance of shares pursuant to Equity Incentive Plan 450     450             450        
Amortization of share based compensation 3,233     27             27       3,206
Forfeited distributions declared on LTIP units 40                           40
Dividends accrued on preferred shares (1,988)     (1,988)                   (1,988)  
Reallocation of noncontrolling interest 0     1,915             1,915       (1,915)
Net income (loss) (7,399)     (7,221)                   (7,221) (178)
Ending Balance (in shares) at Sep. 30, 2021             4,800,000   48,767,816            
Ending Balance at Sep. 30, 2021 826,528     810,667     $ 48   $ 487   1,048,059     (237,927) 15,861
Beginning Balance (in shares) at Jun. 30, 2021             4,800,000   48,756,555            
Beginning Balance at Jun. 30, 2021 829,059     814,221     $ 48   $ 487   1,048,306     (234,620) 14,838
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of shares, net of offering costs (in shares)                   1,261          
Issuance of shares, net of offering costs   $ (263) 3   $ (263) 3           $ (263) 3    
Issuance of shares pursuant to Equity Incentive Plan (in shares)                 10,000            
Issuance of shares pursuant to Equity Incentive Plan 0                            
Amortization of share based compensation 1,100     13             13       1,087
Dividends accrued on preferred shares (1,988)     (1,988)                   (1,988)  
Net income (loss) (1,383)     (1,319)                   (1,319) (64)
Ending Balance (in shares) at Sep. 30, 2021             4,800,000   48,767,816            
Ending Balance at Sep. 30, 2021 826,528     810,667     $ 48   $ 487   1,048,059     (237,927) 15,861
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, net of offering costs (in shares)                   3,592          
Issuance of shares, net of offering costs     (62)     (62)             (62)    
Issuance of shares pursuant to Equity Incentive Plan (in shares)                 34,672            
Issuance of shares pursuant to Equity Incentive Plan 487     487         $ 1   486        
Amortization of share based compensation 3,727     29             29       3,698
Dividends accrued on preferred shares (5,962)     (5,962)                   (5,962)  
Reallocation of noncontrolling interest 0     (1,521)             (1,521)       1,521
Net income (loss) 12,000     11,834                   11,834 166
Ending Balance (in shares) at Sep. 30, 2022             4,800,000   48,807,154            
Ending Balance at Sep. 30, 2022 824,383     802,307     $ 48   $ 488   1,047,002     (245,231) 22,076
Beginning Balance (in shares) at Jun. 30, 2022             4,800,000   48,806,107            
Beginning Balance at Jun. 30, 2022 812,698     792,144     $ 48   $ 488   1,046,980     (255,372) 20,554
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of shares, net of offering costs (in shares)                   1,047          
Issuance of shares, net of offering costs     $ 12     $ 12             $ 12    
Amortization of share based compensation 1,284     10             10       1,274
Dividends accrued on preferred shares (1,987)     (1,987)                   (1,987)  
Net income (loss) 12,376     12,128                   12,128 248
Ending Balance (in shares) at Sep. 30, 2022             4,800,000   48,807,154            
Ending Balance at Sep. 30, 2022 $ 824,383     $ 802,307     $ 48   $ 488   $ 1,047,002     $ (245,231) $ 22,076