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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
Accumulated Deficit
Noncontrolling Interest in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2022         4,800,000 48,808,105          
Beginning balance at Dec. 31, 2022 $ 817,997   $ 794,894   $ 48 $ 488   $ 1,047,023   $ (252,665) $ 23,103
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)           43,378          
Issuance of shares pursuant to Equity Incentive Plan 540   540         540      
Issuance of shares, net of offering costs (in shares)             1,215        
Issuance of shares, net of offering costs   $ 15   $ 15         $ 15    
Issuance of restricted time-based shares (in shares)           2,457          
Amortization of share based compensation 1,334   10         10     1,324
Dividends declared on common shares (3,420)   (3,420)             (3,420)  
Distributions declared on LTIP units (181)                   (181)
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Reallocation of noncontrolling interest 0   (493)         (493)     493
Net income (loss) (5,042)   (4,849)             (4,849) (193)
Ending balance (in shares) at Mar. 31, 2023         4,800,000 48,855,155          
Ending balance at Mar. 31, 2023 809,256   784,710   $ 48 $ 488   1,047,095   (262,921) 24,546
Beginning balance (in shares) at Dec. 31, 2023         4,800,000 48,859,836          
Beginning balance at Dec. 31, 2023 804,376   776,061   $ 48 $ 488   1,047,176   (271,651) 28,315
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of shares pursuant to Equity Incentive Plan (in shares)             43,670        
Issuance of shares pursuant to Equity Incentive Plan   471   471   $ 1     470    
Issuance of shares, net of offering costs (in shares)             1,270        
Issuance of shares, net of offering costs   $ (231)   $ (231)         $ (231)    
Issuance of restricted time-based shares (in shares)           2,943          
Amortization of share based compensation 1,463   13         13     1,450
Dividends declared on common shares (3,424)   (3,424)             (3,424)  
Distributions declared on LTIP units (215)                   (215)
Forfeited distributions declared on LTIP units 9                   9
Dividends accrued on preferred shares (1,987)   (1,987)             (1,987)  
Reallocation of noncontrolling interest 0   (649)         (649)     649
Net income (loss) (5,484)   (5,225)             (5,225) (259)
Ending balance (in shares) at Mar. 31, 2024         4,800,000 48,907,719          
Ending balance at Mar. 31, 2024 $ 794,978   $ 765,029   $ 48 $ 489   $ 1,046,779   $ (282,287) $ 29,949