v3.25.1
Condensed Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests - USD ($)
$ in Thousands
Total
Stockholders’ Equity
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Comprehensive Income (Loss)
Accumulated Deficit and Distributions
Non-controlling Interests
Beginning balance at Dec. 31, 2023 $ 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 657              
Preferred dividends and distributions (657)              
Ending balance at Mar. 31, 2024 $ 50,219              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2023     10,400,000          
Beginning shares of Common Stock outstanding (in shares) at Dec. 31, 2023 107,593,373     107,593,373        
Beginning balance at Dec. 31, 2023 $ 1,346,477 $ 911,195 $ 104 $ 1,076 $ 1,238,896 $ 10,967 $ (339,848) $ 435,282
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (657) (657)         (657)  
Contributions by non-controlling interest in joint venture $ 76             76
Common stock redemption of common units (in shares) 0              
Dividends and distributions on common stock and common units $ (7,294) (6,338)         (6,338) (956)
Preferred dividends and distributions (3,970) (3,970)         (3,970)  
Equity-based compensation (in shares)       731,614        
Equity-based compensation $ 1,848 1,848   $ 7 1,841      
Shares of common stock acquired for employee withholding requirements (in shares) (126,846)     (126,846)        
Shares of common stock acquired for employee withholding requirements $ (833) (833)   $ (1) (832)      
Other comprehensive (loss) income 5,696 4,002       4,002   1,694
Net (loss) income $ 2,833 2,511         2,511 322
Ending preferred shares outstanding (in shares) at Mar. 31, 2024     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Mar. 31, 2024 108,198,141     108,198,141        
Ending balance at Mar. 31, 2024 $ 1,344,176 907,758 $ 104 $ 1,082 1,239,905 14,969 (348,302) 436,418
Beginning balance at Dec. 31, 2024 50,219              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value 657              
Preferred dividends and distributions (657)              
Ending balance at Mar. 31, 2025 $ 50,219              
Beginning preferred shares outstanding (in shares) at Dec. 31, 2024     10,400,000          
Beginning shares of Common Stock outstanding (in shares) at Dec. 31, 2024 108,435,663     108,435,663        
Beginning balance at Dec. 31, 2024 $ 1,334,827 909,545 $ 104 $ 1,084 1,246,225 9,173 (347,041) 425,282
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment of redeemable non-controlling interests to redemption value (657) (657)         (657)  
Contributions by non-controlling interest in joint venture $ 411             411
Common stock redemption of common units (in shares) 2,923,797     2,923,797        
Common stock redemption of common units $ 0 26,906   $ 29 26,618 259   (26,906)
Dividends and distributions on common stock and common units (9,848) (8,679)         (8,679) (1,169)
Preferred dividends and distributions (3,970) (3,970)         (3,970)  
Joint venture partner distributions (431)             (431)
Equity-based compensation (in shares)       1,101,456        
Equity-based compensation $ 1,916 1,916   $ 11 1,905      
Shares of common stock acquired for employee withholding requirements (in shares) (239,148)     (239,148)        
Shares of common stock acquired for employee withholding requirements $ (1,586) (1,586)   $ (2) (1,584)      
Other comprehensive (loss) income (3,667) (2,979)       (2,979)   (688)
Net (loss) income $ 623 (57)         (57) 680
Ending preferred shares outstanding (in shares) at Mar. 31, 2025     10,400,000          
Ending shares of Common Stock outstanding (in shares) at Mar. 31, 2025 112,221,768     112,221,768        
Ending balance at Mar. 31, 2025 $ 1,317,618 $ 920,439 $ 104 $ 1,122 $ 1,273,164 $ 6,453 $ (360,404) $ 397,179