Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.22.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Series F Preferred Stock
Series A and B Preferred Stock
Common and Senior Common Stock
Common and Senior Common Stock
Senior Common Stock
Additional Paid in Capital
AOCI Attributable to Parent
Distributions in Excess of Accumulated Earnings
Total Stockholders' Equity
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2018     2,264,000 29,254,899 866,259          
Beginning balance at Dec. 31, 2018 $ 254,419   $ 2 $ 29 $ 1 $ 559,977 $ (148) $ (310,117) $ 249,744 $ 4,675
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of Series A and B preferred stock and common stock, net (in shares)       3,025,727            
Issuance of common stock and Series F preferred stock, net 64,542     $ 3   64,539     64,542  
Conversion of senior common stock to common stock (in shares)       49,725 (59,824)          
Stock redeemed (in shares)     (2,264,000) (263,300)            
Redemption of Series A and B preferred stock, net (56,600)   $ (2)     (53,924)   (2,674) (56,600)  
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (58,887)         (23)   (57,815) (57,838) (1,049)
Comprehensive income (1,978)           (1,978)   (1,978)  
Reclassification into interest expense 0                  
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net 0         6,143     6,143 (6,143)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0         (5,507)     (5,507) 5,507
Net income 9,541             9,628 9,628 (87)
Ending balance (in shares) at Dec. 31, 2019     0 32,593,651 806,435          
Ending balance at Dec. 31, 2019 211,037   $ 0 $ 32 $ 1 571,205 (2,126) (360,978) 208,134 2,903
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of Series A and B preferred stock and common stock, net (in shares)   116,674   2,691,971            
Issuance of common stock and Series F preferred stock, net 55,488     $ 3   55,485     55,488  
Conversion of senior common stock to common stock (in shares)       46,348 (56,063)          
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (63,757)             (63,001) (63,001) (756)
Comprehensive income (2,219)           (2,219)   (2,219)  
Reclassification into interest expense 0                  
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net 503                 503
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0         (157)     (157) 157
Net income 14,985             14,938 14,938 47
Ending balance (in shares) at Dec. 31, 2020   116,674 0 35,331,970 750,372          
Ending balance at Dec. 31, 2020 216,037   $ 0 $ 35 $ 1 626,533 (4,345) (409,041) 213,183 2,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of Series A and B preferred stock and common stock, net (in shares)   306,246   1,771,277            
Issuance of common stock and Series F preferred stock, net 43,527     $ 2   43,525     43,527  
Conversion of senior common stock to common stock (in shares)       124,301 (150,311)          
Stock redeemed (in shares)       (246,039)            
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders (67,593)             (67,114) (67,114) (479)
Comprehensive income 2,854           2,854   2,854  
Reclassification into interest expense 145           145   145  
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net 0         4,812     4,812 (4,812)
Redemption of Series D preferred stock, net (2,141)             (2,141) (2,141)  
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 0         (3,736)     (3,736) 3,736
Net income 9,733             9,773 9,773 (40)
Ending balance (in shares) at Dec. 31, 2021   422,920 0 37,473,587 600,061          
Ending balance at Dec. 31, 2021 $ 202,562   $ 0 $ 37 $ 1 $ 671,134 $ (1,346) $ (468,523) $ 201,303 $ 1,259