XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Series A Preferred Stock [Member]
Total Stockholders' Equity [Member]
Series A Preferred Stock [Member]
Retained Earnings (Accumulated Deficit) [Member]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Total Stockholders' Equity [Member]
Series B Preferred Stock [Member]
Retained Earnings (Accumulated Deficit) [Member]
Series B Preferred Stock [Member]
Total Stockholders' Equity [Member]
Internalization [Member]
Total Stockholders' Equity [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Internalization [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non-Controlling Interests [Member]
Property Acquisition [Member]
Non-Controlling Interests [Member]
Internalization [Member]
Non-Controlling Interests [Member]
Property Acquisition [Member]
Internalization [Member]
Total
Balance at Dec. 31, 2018     $ 122,137     $ 37,401   $ 547,864 $ 204   $ 386,394 $ 1,728             $ 547,864
Balance (in shares) at Dec. 31, 2018     125,000     1,571,734     20,430,218                    
Equity offering costs related to preferred stock costs           $ (103)   (103)                     (103)
At-the-market issuance of common stock, net of offering costs               2,752 $ 1   2,751               2,752
At-the-market issuance of common stock, net of offering costs (in shares)                 136,192                    
Stock dividend paid on preferred stock     $ 2,125         2,125                     2,125
Stock dividend paid on preferred stock (in shares)     2,125                                
Repurchase and retirement of shares of common stock               (73)     (73)               (73)
Repurchase and retirement of shares of common stock (in shares)                 (3,408)                    
Issuances of stock-based awards (in shares)                 4,692                    
Stock-based compensation               359     359               359
Dividends declared on preferred stock $ (4,344) $ (4,344) $ (4,344) $ (688) $ (688) (688)                          
Dividends declared on common stock               (7,205)       (7,205)             (7,205)
Net income (loss)               12,114       12,114             12,114
Balance at Mar. 31, 2019     $ 124,262     $ 37,298   552,801 $ 205   389,431 1,605             552,801
Balance (in shares) at Mar. 31, 2019     127,125     1,571,734     20,567,694                    
Balance at Dec. 31, 2018     $ 122,137     $ 37,401   547,864 $ 204   386,394 1,728             547,864
Balance (in shares) at Dec. 31, 2018     125,000     1,571,734     20,430,218                    
Issuance of Operating Company ("OC") Units                             $ 0        
Stock dividend paid on preferred stock                                     4,250
Other comprehensive income (loss) - derivative instruments                                     (441)
Net income (loss)                                     26,987
Balance at Jun. 30, 2019     $ 126,387     $ 37,298   586,855 $ 221   419,760 3,630 $ (441)           586,855
Balance (in shares) at Jun. 30, 2019     129,250     1,571,734     22,133,290                    
Balance at Mar. 31, 2019     $ 124,262     $ 37,298   552,801 $ 205   389,431 1,605             552,801
Balance (in shares) at Mar. 31, 2019     127,125     1,571,734     20,567,694                    
At-the-market issuance of common stock, net of offering costs               29,991 $ 15   29,976               29,991
At-the-market issuance of common stock, net of offering costs (in shares)                 1,452,076                    
Stock dividend paid on preferred stock     $ 2,125         2,125                     2,125
Stock dividend paid on preferred stock (in shares)     2,125                                
Repurchase and retirement of shares of common stock               (396)     (396)               (396)
Repurchase and retirement of shares of common stock (in shares)                 (18,544)                    
Issuances of stock-based awards                 $ 1   (1)                
Issuances of stock-based awards (in shares)                 133,730                    
Stock-based compensation               750     750               750
Forfeiture and retirement of shares related to stock-based awards (in shares)                 (1,666)                    
Dividends declared on preferred stock (4,407) (4,407) $ (4,407) (688) (688) $ (688)                          
Dividends declared on common stock               (7,754)       (7,754)             (7,754)
Other comprehensive income (loss) - derivative instruments               (441)         (441)           (441)
Net income (loss)               14,874       14,874             14,874
Balance at Jun. 30, 2019     $ 126,387     $ 37,298   586,855 $ 221   419,760 3,630 (441)           586,855
Balance (in shares) at Jun. 30, 2019     129,250     1,571,734     22,133,290                    
Balance at Dec. 31, 2019     $ 130,637     $ 37,298   588,874 $ 224   426,129 (5,021) (393)           588,874
Balance (in shares) at Dec. 31, 2019     133,500     1,571,734     22,423,283                    
At-the-market issuance of common stock, net of offering costs               15,072 $ 8   15,064               15,072
At-the-market issuance of common stock, net of offering costs (in shares)                 810,000                    
Issuance of Operating Company ("OC") Units             $ 8,554     $ 8,554       $ 1,536 33,538   $ 1,536 $ 42,092  
Stock dividend paid on preferred stock     $ 2,125         2,125                     2,125
Stock dividend paid on preferred stock (in shares)     2,125                                
Repurchase and retirement of shares of common stock               (36)     (36)               (36)
Repurchase and retirement of shares of common stock (in shares)                 (1,926)                    
Issuances of stock-based awards (in shares)                 40,502                    
Stock-based compensation               607     607               607
Dividends declared on preferred stock (4,519) (4,519) $ (4,519) (688) (688) $ (688)                          
Dividends declared on common stock               (5,354)       (5,354)             (5,354)
Distributions declared to Non-controlling interests                               $ (192)     (192)
Other comprehensive income (loss) - derivative instruments               (609)         (609)     (22)     (631)
Net income (loss)               (52,835)       (52,835)       (1,947)     (54,782)
Balance at Mar. 31, 2020     $ 132,762     $ 37,298   551,191 $ 232   450,318 (68,417) (1,002)     32,913     584,104
Balance (in shares) at Mar. 31, 2020     135,625     1,571,734     23,271,859                    
Balance at Dec. 31, 2019     $ 130,637     $ 37,298   588,874 $ 224   426,129 (5,021) (393)           588,874
Balance (in shares) at Dec. 31, 2019     133,500     1,571,734     22,423,283                    
Issuance of Operating Company ("OC") Units                             $ 33,538        
Stock dividend paid on preferred stock                                     4,250
Other comprehensive income (loss) - derivative instruments                                     (918)
Net income (loss)                                     (55,775)
Balance at Jun. 30, 2020     $ 134,887     $ 37,298   542,540 $ 232   450,745 (79,354) (1,268)     36,964     579,504
Balance (in shares) at Jun. 30, 2020     137,750     1,571,734     23,263,130                    
Balance at Mar. 31, 2020     $ 132,762     $ 37,298   551,191 $ 232   450,318 (68,417) (1,002)     32,913     584,104
Balance (in shares) at Mar. 31, 2020     135,625     1,571,734     23,271,859                    
Issuance of Operating Company ("OC") Units                           $ 5,157     $ 5,157    
Stock dividend paid on preferred stock     $ 2,125         2,125                     2,125
Stock dividend paid on preferred stock (in shares)     2,125                                
Equity offering costs related to issuance of common stock               (24)     (24)               (24)
Repurchase and retirement of shares of common stock               (363)     (363)               (363)
Repurchase and retirement of shares of common stock (in shares)                 (27,629)                    
Issuances of stock-based awards (in shares)                 18,900                    
Stock-based compensation               814     814               814
Dividends declared on preferred stock $ (4,557) $ (4,557) $ (4,557) $ (688) $ (688) $ (688)                          
Dividends declared on common stock               (5,351)       (5,351)             (5,351)
Distributions declared to Non-controlling interests                               (433)     (433)
Other comprehensive income (loss) - derivative instruments               (266)         (266)     (21)     (287)
Net income (loss)               (341)       (341)       (652)     (993)
Balance at Jun. 30, 2020     $ 134,887     $ 37,298   $ 542,540 $ 232   $ 450,745 $ (79,354) $ (1,268)     $ 36,964     $ 579,504
Balance (in shares) at Jun. 30, 2020     137,750     1,571,734     23,263,130