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Consolidated Statements of Equity - USD ($)
shares in Thousands
Common stock
Additional Paid-in Capital
Retained Earnings (Deficit)
Cumulative Dividends
Non-controlling interest
Common Units
Non-controlling interest
Public offering
Common Units
Total
Balance at Dec. 31, 2014 $ 75 $ 68,981,000 $ (568,000) $ (2,130,000)   $ 17,169,000     $ 83,527,000
Balance (in shares) at Dec. 31, 2014 7,731                
Increase (decrease) in shareholders' equity                  
Net income     1,227,000     360,000      
Proceeds from underwritten public offering, net of offering costs and underwriting discount $ 34 34,553,000             34,587,000
Proceeds from underwritten public offering, net of offering costs and underwriting discount (in shares) 3,360                
Repurchase and cancellation of shares   (21,000)             (21,000)
Repurchase and cancellation of shares (in shares) (2)                
Grant of unvested restricted stock (in shares) 9                
Costs incurred related to offering             $ (526,000)    
Forfeiture of unvested restricted stock   (16,000)             (16,000)
Forfeiture of unvested restricted stock (in shares) (8)                
Stock based compensation   957,000             957,000
Dividends and distributions accrued or paid       (5,058,000)   (1,485,000)     (6,543,000)
Issuance of stock as consideration in real estate acquisitions $ 9 9,747,000     $ 14,936,000     $ 14,936,000 9,756,000
Issuance of stock as consideration in real estate acquisitions (in shares) 888                
Adjustments to non-controlling interest resulting from changes in ownership of the Operating Partnership   818,000       (818,000)      
Adjustment to arrive at redemption value of redeemable non-controlling interest   (236,000)             (236,000)
Profit Loss Before Redeemable Noncontrolling Interest                 1,587,000
Balance at Dec. 31, 2015 $ 118 114,783,000 659,000 (7,188,000)   30,162,000     138,534,000
Balance (in shares) at Dec. 31, 2015 11,978                
Increase (decrease) in shareholders' equity                  
Net income     4,302,000     1,761,000     6,063,000
Proceeds from underwritten public offering, net of offering costs and underwriting discount $ 31 32,823,000             32,854,000
Proceeds from underwritten public offering, net of offering costs and underwriting discount (in shares) 3,100                
Issuance of stock under the at-the-market offering, net of costs $ 11 10,955,000             10,966,000
Issuance of stock under the at-the-market offering, net of costs (in shares) 995                
Grant of unvested restricted stock (in shares) 119                
Costs incurred related to offering             $ (450,000)   (144,000)
Forfeiture of unvested restricted stock   (3,000)             (3,000)
Forfeiture of unvested restricted stock (in shares) (5)                
Stock based compensation   1,228,000             1,228,000
Dividends and distributions accrued or paid   (2,057,000) (858,000) (7,285,000)   (2,958,000)     (13,158,000)
Conversion of Common units to shares of common stock $ 12 10,946,000       (10,958,000)      
Conversion of Common units to shares of common stock (in shares) 1,164                
Issuance of Common shares as partial consideration for asset acquisition and business combination           29,592,000     29,592,000
Conversion of redeemable units to Common units           9,518,000     9,518,000
Adjustments to non-controlling interest resulting from changes in ownership of the Operating Partnership   3,425,000       (3,425,000)      
Balance at Dec. 31, 2016 $ 172 172,100,000 4,103,000 (14,473,000)   53,692,000     215,594,000
Balance (in shares) at Dec. 31, 2016 17,351                
Increase (decrease) in shareholders' equity                  
Net income     7,914,000     1,244,000     9,158,000
Repurchase and cancellation of shares $ (11) (9,989,000)             (10,000,000)
Repurchase and cancellation of shares (in shares) (1,120)                
Grant of unvested restricted stock (in shares) 205                
Costs incurred related to offering   (120,000)             (120,000)
Forfeiture of unvested restricted stock $ (1) (16,000)             (17,000)
Forfeiture of unvested restricted stock (in shares) (9)                
Stock based compensation   1,409,000             1,409,000
Dividends and distributions accrued or paid     (6,856,000) (16,726,000)   (3,000,000)     (26,582,000)
Conversion of Common units to shares of common stock $ 21 20,620,000       (20,641,000)      
Conversion of Common units to shares of common stock (in shares) 2,092                
Issuance of Common shares as partial consideration for asset acquisition and business combination $ 148 168,835,000             168,983,000
Issuance of Common shares as partial consideration for asset acquisition and business combination (in shares) 14,815                
Issuance of Common shares as partial consideration for business combination           2,493,000     2,493,000
Issuance of stock as consideration in real estate acquisitions           10,033,000     10,033,000
Adjustments to non-controlling interest resulting from changes in ownership of the Operating Partnership   (2,692,000)       2,692,000      
Balance at Dec. 31, 2017 $ 329 $ 350,147,000 $ 5,161,000 $ (31,199,000)   $ 46,513,000     $ 370,951,000
Balance (in shares) at Dec. 31, 2017 33,334