v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Common Stock
Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Distributions in Excess of Net Income
Non-Controlling Interests in Consolidated Joint Ventures
Total
Beginning Balance at Dec. 31, 2024 $ 20,698 $ 335,539 $ 208 $ (49,020) $ 1,150 $ 308,575
Increase (Decrease) in Stockholders' Equity            
Cash distributions - common stock       (9,804)   (9,804)
Shares issued through dividend reinvestment plan 7 180       187
Restricted stock vesting 139 (139)        
Compensation expense - restricted stock and RSUs   1,346       1,346
Distributions to non-controlling interests         (63) (63)
Net income       4,155 14 4,169
Other comprehensive loss     (78)     (78)
Ending Balance at Mar. 31, 2025 20,844 336,926 130 (54,669) 1,101 304,332
Beginning Balance at Dec. 31, 2025 20,916 341,389 16 (62,718) 194 299,797
Increase (Decrease) in Stockholders' Equity            
Cash distributions - common stock       (9,872)   (9,872)
Shares issued through dividend reinvestment plan 7 135       142
Restricted stock vesting 146 (146)        
Compensation expense - restricted stock and RSUs   1,267       1,267
Distributions to non-controlling interests         (8) (8)
Net income       6,237 3 6,240
Other comprehensive loss     (7)     (7)
Ending Balance at Mar. 31, 2026 $ 21,069 $ 342,645 $ 9 $ (66,353) $ 189 $ 297,559