v3.25.2
Non-Controlling Interests (Tables)
6 Months Ended
Jun. 30, 2025
Non-controlling interest - schedule of redeemable non-controlling interest

The following table sets forth the OP Unit distributions that were declared during the six months ended June 30, 2025 and the year ended December 31, 2024.

 

 

Cash Distributions
Declared per
OP Unit

 

 

Aggregate
Amount

 

2025

 

 

 

 

 

 

First quarter

 

$

0.2400

 

 

$

118

 

Second quarter

 

 

0.2400

 

 

 

118

 

Total

 

$

0.4800

 

 

$

236

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

First quarter

 

$

0.2400

 

 

$

118

 

Second quarter

 

 

0.2400

 

 

 

118

 

Third quarter

 

 

0.2400

 

 

 

118

 

Fourth quarter

 

 

0.2400

 

 

 

118

 

Total

 

$

0.9600

 

 

$

472

 

Non-Controlling Interestsy- Schedule of roll-forward of the Forward contract asset

A roll-forward of the forward contract asset is as follows:

 

Balance at December 31, 2024

 

$

3,658

 

Unrealized gain

 

 

1,766

 

Balance at May 28, 2025 (settlement date)

 

 

5,424

 

Settlement of forward contract

 

 

(5,424

)

Balance at June 30, 2025

 

$

 

Series C Preferred Stock [Member]  
Non-controlling interest - schedule of redeemable non-controlling interest

The following tables sets forth the Series C Preferred Unit distributions that were incurred during the six months ended June 30, 2025 and the third and fourth quarter of 2024. There were no distributions incurred prior to the third quarter of 2024.

 

 

Cash Dividends
per Unit

 

 

Aggregate Amount
in Dollars

 

2025

 

 

 

 

 

 

First quarter

 

$

10.23

 

 

$

623

 

Second quarter

 

$

6.63

 

 

 

928

 

Total

 

 

 

 

$

1,551

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

Third quarter

 

$

4.00

 

 

$

243

 

Fourth quarter

 

$

10.14

 

 

 

618

 

Total

 

 

 

 

$

861

 

 

 

PIK Dividends
per Unit

 

 

Aggregate Amount
in Dollars

 

2025

 

 

 

 

 

 

First quarter

 

$

7.47

 

 

$

455

 

Second quarter

 

$

4.94

 

 

 

691

 

Total

 

 

 

 

$

1,146

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

Third quarter

 

$

3.00

 

 

$

183

 

Fourth quarter

 

$

7.54

 

 

 

459

 

Total

 

 

 

 

$

642