v3.26.1
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Total Stockholders’ equity
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Operating Partnership Unitholders’ Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2024     23,521,693        
Beginning balance at Dec. 31, 2024 $ 317,498 $ 251,285 $ 235 $ 310,031 $ 5,230 $ (64,211) $ 66,213
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net proceeds from sale of common stock (in shares)     139,626        
Net proceeds from sale of common stock 1,820 1,820 $ 1 1,819      
Issuance of operating partnership units ("OP Units") in connection with acquisition transactions 1,026           1,026
Issuance and amortization of equity-based compensation, net of forfeitures (in shares)     77,623        
Issuance and amortization of equity-based compensation, net of forfeitures 2,332 818 $ 1 817     1,514
Issuance and amortization under ESPP (in shares)     5,527        
Issuance and amortization under ESPP 77 77   77      
Restricted stock withholdings (in shares)     21,092        
Repurchase of common stock for tax withholding obligations (277) (277)   (277)      
Dividends and distributions (7,382) (5,761)       (5,761) (1,621)
Unrealized gain (loss) on derivative instruments (2,844) (2,229)     (2,229)   (615)
Net income 2,655 2,082       2,082 573
Reallocation of non-controlling interest 0 (2,336)   (2,336)     2,336
Ending balance (in shares) at Mar. 31, 2025     23,723,377        
Ending balance at Mar. 31, 2025 314,905 245,479 $ 237 310,131 3,001 (67,890) 69,426
Beginning balance (in shares) at Dec. 31, 2025     26,876,587        
Beginning balance at Dec. 31, 2025 359,561 285,199 $ 268 358,001 954 (74,024) 74,362
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net proceeds from sale of common stock (in shares)     663,735        
Net proceeds from sale of common stock 11,233 11,233 $ 7 11,226      
Issuance of operating partnership units ("OP Units") in connection with acquisition transactions 743           743
Shares issued upon redemption of OP Units (in shares)     5,413        
Shares issued upon redemption of OP Units 0 72   72     (72)
Issuance and amortization of equity-based compensation, net of forfeitures (in shares)     152,542        
Issuance and amortization of equity-based compensation, net of forfeitures 2,555 875 $ 2 873     1,680
Issuance and amortization under ESPP (in shares)     5,444        
Issuance and amortization under ESPP 85 85   85      
Restricted stock withholdings (in shares)     52,657        
Repurchase of common stock for tax withholding obligations (940) (940)   (940)      
Dividends and distributions (8,783) (6,965)       (6,965) (1,818)
Unrealized gain (loss) on derivative instruments 1,160 917     917   243
Net income 4,838 3,826       3,826 1,012
Reallocation of non-controlling interest 0 (2,139)   (2,139)     2,139
Ending balance (in shares) at Mar. 31, 2026     27,651,064        
Ending balance at Mar. 31, 2026 $ 370,452 $ 292,163 $ 277 $ 367,178 $ 1,871 $ (77,163) $ 78,289