v3.25.2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
8.625% Series C Preferred Stock
Preferred Stock
7.875% Series D Preferred Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Retained Earnings (Distributions in Excess of Earnings)
Parent
Non-Controlling Interest
Beginning balance at Dec. 31, 2023 $ 446,215 $ 8 $ 5 $ 5 $ 1,169,970 $ (4,801) $ (729,391) $ 435,796 $ 10,419
Beginning balance (in shares) at Dec. 31, 2023   7,878,216              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Purchase and retirement of common stock (2,068)       (2,068)     (2,068)  
Purchase and retirement of common stock (in shares)   (194,827)              
Stock-based compensation 19       19     19  
Stock-based compensation (in shares)   1,911              
Amortization of stock-based compensation 477       477     477  
Preferred stock redemption (2,157)       (2,399)   242 (2,157)  
Contributions from non-controlling interests 180               180
Net (loss) income 4,924           5,136 5,136 (212)
Distributions and accrual of cumulative preferred stock dividends (4,822)           (4,822) (4,822)  
Amortization of terminated derivatives 397         397   397  
Ending balance at Mar. 31, 2024 443,165 $ 8 5 5 1,165,999 (4,404) (728,835) 432,778 10,387
Ending balance (in shares) at Mar. 31, 2024   7,685,300              
Beginning balance at Dec. 31, 2023 446,215 $ 8 5 5 1,169,970 (4,801) (729,391) 435,796 10,419
Beginning balance (in shares) at Dec. 31, 2023   7,878,216              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income 11,321                
Ending balance at Jun. 30, 2024 444,392 $ 8 5 5 1,165,176 (4,006) (727,182) 434,006 10,386
Ending balance (in shares) at Jun. 30, 2024   7,903,175              
Beginning balance at Mar. 31, 2024 443,165 $ 8 5 5 1,165,999 (4,404) (728,835) 432,778 10,387
Beginning balance (in shares) at Mar. 31, 2024   7,685,300              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Purchase and retirement of common stock (1,555)       (1,555)     (1,555)  
Purchase and retirement of common stock (in shares)   (115,458)              
Stock-based compensation (in shares)   333,333              
Offering costs (82)       (82)     (82)  
Amortization of stock-based compensation 814       814     814  
Contributions from non-controlling interests 61               61
Net (loss) income 6,397           6,459 6,459 (62)
Distributions and accrual of cumulative preferred stock dividends (4,806)           (4,806) (4,806)  
Amortization of terminated derivatives 398         398   398  
Ending balance at Jun. 30, 2024 444,392 $ 8 5 5 1,165,176 (4,006) (727,182) 434,006 10,386
Ending balance (in shares) at Jun. 30, 2024   7,903,175              
Beginning balance at Dec. 31, 2024 $ 449,662 $ 8 5 5 1,162,581 (3,203) (720,268) 439,128 10,534
Beginning balance (in shares) at Dec. 31, 2024 7,634,004 7,634,004              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Purchase and retirement of common stock $ (4,378) $ (1)     (4,377)     (4,378)  
Purchase and retirement of common stock (in shares)   (220,188)              
Amortization of stock-based compensation 815       815     815  
Net (loss) income (730)           (546) (546) (184)
Distributions and accrual of cumulative preferred stock dividends (5,313)           (5,313) (5,313)  
Amortization of terminated derivatives 393         393   393  
Ending balance at Mar. 31, 2025 440,449 $ 7 5 5 1,159,019 (2,810) (726,127) 430,099 10,350
Ending balance (in shares) at Mar. 31, 2025   7,413,816              
Beginning balance at Dec. 31, 2024 $ 449,662 $ 8 5 5 1,162,581 (3,203) (720,268) 439,128 10,534
Beginning balance (in shares) at Dec. 31, 2024 7,634,004 7,634,004              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income $ 3,594                
Ending balance at Jun. 30, 2025 $ 435,402 $ 7 5 5 1,154,533 (2,413) (726,858) 425,279 10,123
Ending balance (in shares) at Jun. 30, 2025 7,142,255 7,142,255              
Beginning balance at Mar. 31, 2025 $ 440,449 $ 7 5 5 1,159,019 (2,810) (726,127) 430,099 10,350
Beginning balance (in shares) at Mar. 31, 2025   7,413,816              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Purchase and retirement of common stock (5,072)       (5,072)     (5,072)  
Purchase and retirement of common stock (in shares)   (271,561)              
Amortization of stock-based compensation 586       586     586  
Net (loss) income 4,324           4,551 4,551 (227)
Distributions and accrual of cumulative preferred stock dividends (5,282)           (5,282) (5,282)  
Amortization of terminated derivatives 397         397   397  
Ending balance at Jun. 30, 2025 $ 435,402 $ 7 $ 5 $ 5 $ 1,154,533 $ (2,413) $ (726,858) $ 425,279 $ 10,123
Ending balance (in shares) at Jun. 30, 2025 7,142,255 7,142,255