v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Series A preferred stock
Series B preferred stock
Total stockholders’ equity
Total stockholders’ equity
Series A preferred stock
Total stockholders’ equity
Series B preferred stock
Preferred Stock
Series A preferred stock
Preferred Stock
Series B preferred stock
Common stock
Additional paid-in capital
Accumulated other comprehensive income
Distributions in excess of accumulated earnings
Distributions in excess of accumulated earnings
Series A preferred stock
Distributions in excess of accumulated earnings
Series B preferred stock
Non-controlling interests
Preferred stock, shares outstanding (in shares) at Dec. 31, 2024             3,977,000 3,630,000              
Beginning balance at Dec. 31, 2024 $ 690,125     $ 684,560     $ 40 $ 36 $ 1,132 $ 2,533,706 $ 16,640 $ (1,866,994)     $ 5,565
Common stock, shares outstanding beginning balance (in shares) at Dec. 31, 2024                 28,296,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Distributions declared on preferred stock (3,450) $ (1,834) $ (1,615)   $ (1,834) $ (1,615)             $ (1,834) $ (1,615)  
Distributions to non-controlling interest holders (47)                           (47)
Rebalancing of ownership percentage 0     31           31         (31)
Unrealized loss on designated derivatives (4,994)     (4,994)             (4,994)        
Net loss (1,515)     (1,569)               (1,569)     54
Preferred stock, shares outstanding (in shares) at Mar. 31, 2025             3,977,000 3,630,000              
Ending balance at Mar. 31, 2025 680,120     674,579     $ 40 $ 36 $ 1,132 2,533,737 11,646 (1,872,012)     5,541
Common stock, shares outstanding ending balance (in shares) at Mar. 31, 2025                 28,296,000            
Preferred stock, shares outstanding (in shares) at Dec. 31, 2025   3,846,000 3,417,000       3,846,000 3,417,000              
Beginning balance at Dec. 31, 2025 $ 604,525     600,064     $ 38 $ 35 $ 1,132 2,531,315 5,604 (1,938,060)     4,461
Common stock, shares outstanding beginning balance (in shares) at Dec. 31, 2025 28,427,000               28,307,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Share-based compensation $ 612     612           612          
Common stock issuance, net of tax withholdings (in shares) 0               29,000            
Common stock issuance, net of tax withholdings $ (443)     (443)           (443)          
Distributions declared on preferred stock (3,294) $ (1,773) $ (1,522)   $ (1,773) $ (1,522)             $ (1,773) $ (1,522)  
Distributions to non-controlling interest holders (47)                           (47)
Rebalancing of ownership percentage 0     55           55         (55)
Unrealized loss on designated derivatives (528)     (528)             (528)        
Net loss (4,281)     (4,309)               (4,309)     28
Preferred stock, shares outstanding (in shares) at Mar. 31, 2026   3,846,000 3,417,000       3,846,000 3,417,000              
Ending balance at Mar. 31, 2026 $ 596,543     $ 592,156     $ 38 $ 35 $ 1,132 $ 2,531,539 $ 5,076 $ (1,945,664)     $ 4,387
Common stock, shares outstanding ending balance (in shares) at Mar. 31, 2026 28,412,000               28,336,000