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Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2023   20,503,520      
Beginning balance at Dec. 31, 2023 $ 411,957 $ 205 $ 445,289 $ (40,909) $ 7,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Conversion of Vested RSUs to Common Stock (in shares)   6,363      
Cash Paid for Taxes in Lieu of Issuance of Common Stock (46)   (46)    
Stock-Based Compensation 350   350    
Dividends to Common Stock (8,409)     (8,409)  
Dividends on Restricted Stock Units (30)     (30)  
Distributions to OP Unitholders (153)       (153)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0   (3)   3
Net Income 6,994     6,869 125
Ending balance (in shares) at Mar. 31, 2024   20,509,883      
Ending balance at Mar. 31, 2024 410,663 $ 205 445,590 (42,479) 7,347
Beginning balance (in shares) at Dec. 31, 2024   20,514,583      
Beginning balance at Dec. 31, 2024 403,972 $ 205 446,627 (50,067) 7,207
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Conversion of Vested RSUs to Common Stock (in shares)   9,916      
Conversion of Issued PSUs to Common Stock (in shares)   13,537      
Cash Redemption of LPI Units (253)   (253)    
Cash Paid for Taxes in Lieu of Issuance of Common Stock (352)   (352)    
Stock-Based Compensation (in shares)   749      
Stock-Based Compensation 388   388    
Dividends to Common Stock (8,832)     (8,832)  
Dividends on Restricted Stock Units (75)     (75)  
Distributions to OP Unitholders (154)       (154)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0   299   (299)
Net Income 6,404     6,297 107
Ending balance (in shares) at Mar. 31, 2025   20,538,785      
Ending balance at Mar. 31, 2025 $ 401,098 $ 205 $ 446,709 $ (52,677) $ 6,861