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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total stockholders' equity
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Accumulated other comprehensive loss
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Beginning balance at Dec. 31, 2021 $ 779,823 $ 555,352 $ 171,085 $ 630 $ 525,030 $ (141,360) $ (33) $ 629 $ 223,842
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 99,953 74,747       74,747   5,948 19,258
Unrealized cash flow hedge (losses) gains 20,165 15,333         15,333 148 4,684
Realized cash flow hedge (gains) losses reclassified to net income (800) (620)       1 (621) 7 (187)
Net proceeds from issuance of common stock 65,159 65,159   45 65,114        
Restricted stock awards, net 3,029 3,029   2 3,027        
Noncontrolling interest in acquired real estate entity 23,065             23,065  
Acquisition of noncontrolling interest in real estate entity (5,401) (5,401)     (5,401)        
Redemption of operating partnership units (130) 114     114       (244)
Distributions to noncontrolling interests (5,742)             (5,742)  
Dividends declared on preferred stock (11,548) (11,548)       (11,548)      
Dividends and distributions declared on common shares and units (63,559) (48,715)       (48,715)     (14,844)
Ending balance at Dec. 31, 2022 904,014 647,450 171,085 677 587,884 (126,875) 14,679 24,055 232,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 7,663 8,287       8,287   605 (1,229)
Unrealized cash flow hedge (losses) gains 6,879 5,026         5,026 315 1,538
Realized cash flow hedge (gains) losses reclassified to net income (20,047) (14,799)         (14,799) (598) (4,650)
Net proceeds from issuance of common stock (208) (208)     (208)        
Retirement of common stock (12,628) (12,628)   (12) (10,458) (2,158)      
Restricted stock awards, net 2,958 2,958   3 2,955        
Issuance of operating partnership units for acquisitions 12,194               12,194
Noncontrolling interest in acquired real estate entity 0                
Acquisition of noncontrolling interest in real estate entity (12,834)             (12,834)  
Redemption of operating partnership units (705) 514     514       (1,219)
Distributions to noncontrolling interests (1,557)             (1,557)  
Dividends declared on preferred stock (11,548) (11,548)       (11,548)      
Dividends and distributions declared on common shares and units (69,003) (52,430)       (52,430)     (16,573)
Ending balance at Dec. 31, 2023 805,178 572,622 171,085 668 580,687 (184,724) 4,906 9,986 222,570
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 42,494 35,645       35,645   43 6,806
Unrealized cash flow hedge (losses) gains 4,322 3,322         3,322 29 971
Realized cash flow hedge (gains) losses reclassified to net income (7,289) (5,491)         (5,491) (68) (1,730)
Net proceeds from issuance of common stock 129,421 129,421   126 129,295        
Restricted stock awards, net 3,894 3,894   2 3,892        
Noncontrolling interest in acquired real estate entity 0                
Redemption of operating partnership units (205) 767   1 766       (972)
Distributions to noncontrolling interests (810)             (810)  
Dividends declared on preferred stock (11,548) (11,548)       (11,548)      
Dividends and distributions declared on common shares and units (75,788) (57,996)       (57,996)     (17,792)
Ending balance at Dec. 31, 2024 $ 889,669 $ 670,636 $ 171,085 $ 797 $ 714,640 $ (218,623) $ 2,737 $ 9,180 $ 209,853