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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series D Preferred Stock
Series B Preferred Stock
Series E Preferred Stock
Series M Preferred Stock
Preferred Stock
Series D Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series E Preferred Stock
Preferred Stock
Series M Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Series D Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series E Preferred Stock
Accumulated Deficit
Series M Preferred Stock
Accumulated Other Comprehensive Income/(loss)
Noncontrolling Interest in Consolidated Entities
Redeemable Noncontrolling Interests in Operating Partnership
Preferred stock, beginning balance (in shares) at Dec. 31, 2022           1,600,000                          
Common stock, beginning balance (in shares) at Dec. 31, 2022                   69,919,000                  
Beginning balance at Dec. 31, 2022 $ 393,763         $ 16       $ 699 $ 734,134 $ (324,740)         $ 0 $ (16,346) $ 40,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   (3,969,000)                  
Purchase of common stock (19,254)                 $ (40) (19,214)                
Equity-based compensation 3,564                   3,564                
Issuance of restricted shares/units (in shares)                   689,000                  
Issuance of restricted shares/units 21                 $ 7 14                
Forfeiture of restricted common shares (in shares)                   (3,000)                  
Dividends declared - common stock (13,423)                     (13,423)              
Dividends declared – preferred stock   $ (3,300) $ (4,233) $ (30,883) $ (3,888)               $ (3,300) $ (4,233) $ (30,883) $ (3,888)      
Contributions from noncontrolling interests 9,517                                 9,517  
Distributions to noncontrolling interests (3,724)                                 (3,724) (1,444)
Redemption/conversion of operating partnership units                                     (7,162)
Net income (loss) (25,398)                     (27,017)           1,619  
Redemption value adjustment – preferred stock (4,719)                     (4,719)              
Redemption value adjustment 4                     4              
Preferred stock, ending balance (in shares) at Dec. 31, 2023           1,600,000                          
Ending balance at Dec. 31, 2023 $ 298,047         $ 16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Common stock, ending balance (in shares) at Dec. 31, 2023                   66,636,000                  
Units outstanding at beginning of year (in shares) at Dec. 31, 2022 8,283,000           3,078,000 12,657,000 1,428,000                    
Beginning balance, temporary equity at Dec. 31, 2022             $ 65,426 $ 291,076 $ 35,182                    
Beginning balance at Dec. 31, 2022 $ 393,763         16       $ 699 734,134 (324,740)         0 (16,346) 40,555
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation                                     5,680
Issuance of preferred stock (in shares)       3,798,000 531,000     3,931,000 542,000                    
Issuance of preferred stock               $ 88,448 $ 13,051                    
Distributions to noncontrolling interests 3,724                                 3,724 1,444
Redemption/conversion of operating partnership units                                     (7,162)
Net income (loss)                                     (5,230)
Redemptions of preferred stock (in shares)       (272,000) (137,000)     (272,000) (137,000)                    
Redemptions of preferred stock       $ (6,423) $ (3,395)     $ (6,423) $ (3,395)                    
Reclassification of redeemable preferred stock from mezzanine equity to liability $ 0                                    
Redemption value adjustment – preferred stock               $ 3,934 $ 785                    
Redemption value adjustment                                     (4)
Units outstanding at end of year (in shares) at Dec. 31, 2023 7,224,000           3,078,000 16,316,000 1,833,000                    
Ending balance, temporary equity at Dec. 31, 2023             $ 65,426 $ 377,035 $ 45,623                    
Ending balance at Dec. 31, 2023 $ 298,047         $ 16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Purchase of common stock (in shares)                   (170,000)                  
Purchase of common stock (369)                 $ (2) (367)                
Equity-based compensation 403                   403                
Issuance of restricted shares/units (in shares)                   143,000                  
Issuance of restricted shares/units 3                 $ 1 2                
Forfeiture of restricted common shares (in shares)                   (1,000)                  
Dividends declared - common stock (13,401)                     (13,401)              
Dividends declared – preferred stock   $ (3,300) $ (4,233) $ (29,328) $ (3,434)               (3,300) (4,233) (29,328) (3,434)      
Contributions from noncontrolling interests 2,961                                 2,961  
Distributions to noncontrolling interests (23,322)                                 (23,322) (1,397)
Net income (loss) 24,235                     (1,693)           25,928  
Unrealized gain (loss) on investment in securities (684)                               (684)   (60)
Redemption value adjustment – preferred stock (8,958)                     (8,958)              
Redemption value adjustment (1,258)                     (1,258)              
Preferred stock, ending balance (in shares) at Dec. 31, 2024   1,600,000       1,600,000                          
Ending balance at Dec. 31, 2024 $ 237,362         $ 16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Common stock, ending balance (in shares) at Dec. 31, 2024 66,607,823                 66,608,000                  
Beginning balance at Dec. 31, 2023 $ 298,047         16       $ 666 718,498 (412,199)         0 (8,934) 32,395
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation                                     2,208
Issuance of preferred stock (in shares)       0 0     130,000 6,000                    
Issuance of preferred stock               $ 3,260 $ 143                    
Issuance of restricted shares/units                                     32
Distributions to noncontrolling interests 23,322                                 23,322 1,397
Net income (loss)                                     (4,472)
Unrealized gain (loss) on investment in securities (684)                               (684)   (60)
Redemptions of preferred stock (in shares)       (1,535,000) (362,000)     (1,535,000) (362,000)                    
Redemptions of preferred stock       $ (36,554) $ (9,047)     $ (36,554) $ (9,047)                    
Reclassification of redeemable preferred stock from mezzanine equity to liability $ 0                                    
Redemption value adjustment – preferred stock               $ 8,761 $ 197                    
Redemption value adjustment                                     1,258
Units outstanding at end of year (in shares) at Dec. 31, 2024 7,220,000   3,078,017 14,910,521 1,476,621   3,078,000 14,911,000 1,477,000                    
Ending balance, temporary equity at Dec. 31, 2024     $ 65,426 $ 352,502 $ 36,916   $ 65,426 $ 352,502 $ 36,916                    
Ending balance at Dec. 31, 2024 $ 237,362         $ 16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Preferred stock dividend rate (as percent)   8.25%                                  
Purchase of common stock (in shares)                   (312,000)                  
Purchase of common stock (778)                 $ (2) (776)                
Equity-based compensation (309)                   (309)                
Issuance of restricted shares/units (in shares)                   1,000                  
Issuance of restricted shares/units 186                   186                
Dividends declared - common stock (13,432)                     (13,432)              
Dividends declared – preferred stock   $ (3,300) $ (4,233) $ (24,733) $ (3,007)               $ (3,300) $ (4,233) $ (24,733) $ (3,007)      
Contributions from noncontrolling interests 2,120                                 2,120  
Distributions to noncontrolling interests (2,293)                                 (2,293) (945)
Purchase of remaining noncontrolling interest (14,469)                   (20,429)             5,960  
Redemption/conversion of operating partnership units (in shares)                   1,922,000                  
Redemption/conversion of operating partnership units (9,299)                 $ (19) (9,280)               (9,299)
Net income (loss) (22,643)                     (22,318)           (325)  
Unrealized gain (loss) on investment in securities 684                               684   60
Redemption value adjustment – preferred stock (15,112)                     (15,112)              
Redemption value adjustment (4,564)                     (4,564)              
Preferred stock, ending balance (in shares) at Dec. 31, 2025   1,600,000       1,600,000                          
Ending balance at Dec. 31, 2025 $ 140,778         $ 16       $ 682 706,488 (568,503)         0 2,095 19,005
Common stock, ending balance (in shares) at Dec. 31, 2025 68,219,432                 68,219,000                  
Beginning balance at Dec. 31, 2024 $ 237,362         16       $ 665 718,536 (477,804)         (684) (3,367) 29,964
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Equity-based compensation                                     (137)
Issuance of preferred stock (in shares)       0 0     114,000 6,000                    
Issuance of preferred stock               $ 2,860 $ 162                    
Issuance of restricted shares/units                                     686
Distributions to noncontrolling interests 2,293                                 2,293 945
Redemption/conversion of operating partnership units (9,299)                 (19) (9,280)               (9,299)
Redemption of operating partnership units for cash                                     (121)
Net income (loss)                                     (5,767)
Unrealized gain (loss) on investment in securities 684                               684   60
Redemptions of preferred stock (in shares)       (2,998,000) (89,000)     (2,998,000) (89,000)                    
Redemptions of preferred stock       $ (74,557) $ (2,219)     $ (74,557) $ (2,219)                    
Reclassification of redeemable preferred stock from mezzanine equity to liability (in shares)               (1,209,000) (26,000)                    
Reclassification of redeemable preferred stock from mezzanine equity to liability $ (30,864)             $ (30,222) $ (642)                    
Redemption value adjustment – preferred stock               $ 15,112                      
Redemption value adjustment                                     4,564
Units outstanding at end of year (in shares) at Dec. 31, 2025 5,052,000   3,078,017 10,818,280 1,368,091   3,078,000 10,818,000 1,368,000                    
Ending balance, temporary equity at Dec. 31, 2025     $ 65,426 $ 265,695 $ 34,217   $ 65,426 $ 265,695 $ 34,217                    
Ending balance at Dec. 31, 2025 $ 140,778         $ 16       $ 682 $ 706,488 $ (568,503)         $ 0 $ 2,095 $ 19,005
Increase (Decrease) in Temporary Equity [Roll Forward]                                      
Preferred stock dividend rate (as percent)   8.25%