v3.26.1
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, 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              
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 income (loss) (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              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 3,594                
Ending balance at Jun. 30, 2025 435,005 $ 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              
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 income (loss) 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  
Ending balance at Jun. 30, 2025 435,005 $ 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              
Beginning balance at Dec. 31, 2025 $ 550,592 $ 7 5 5 1,142,410 (1,603) (720,028) 420,796 129,796
Beginning balance (in shares) at Dec. 31, 2025 6,887,451 6,887,451              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation (in shares)   243,650              
Amortization of stock-based compensation $ 539       539     539  
Contributions from non-controlling interests 1,052               1,052
Net income (loss) 7,528           4,091 4,091 3,437
Distributions and accrual of cumulative preferred stock dividends (5,114)           (5,114) (5,114)  
Amortization of terminated derivatives 326         326   326  
Ending balance at Mar. 31, 2026 554,923 $ 7 5 5 1,142,949 (1,277) (721,051) 420,638 134,285
Ending balance (in shares) at Mar. 31, 2026   7,131,101              
Beginning balance at Dec. 31, 2025 $ 550,592 $ 7 5 5 1,142,410 (1,603) (720,028) 420,796 129,796
Beginning balance (in shares) at Dec. 31, 2025 6,887,451 6,887,451              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) $ 2,506                
Ending balance at Jun. 30, 2026 $ 550,231 $ 7 5 5 1,147,836 (965) (733,570) 413,318 136,913
Ending balance (in shares) at Jun. 30, 2026 7,131,101 7,131,101              
Beginning balance at Mar. 31, 2026 $ 554,923 $ 7 5 5 1,142,949 (1,277) (721,051) 420,638 134,285
Beginning balance (in shares) at Mar. 31, 2026   7,131,101              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 0       0     0  
Stock-based compensation (in shares)   0              
Offering costs (6)       (6)     (6)  
Amortization of stock-based compensation 4,893       4,893     4,893  
Contributions from non-controlling interests 227               227
Net income (loss) (5,022)           (7,423) (7,423) 2,401
Distributions and accrual of cumulative preferred stock dividends (5,096)           (5,096) (5,096)  
Amortization of terminated derivatives 312         312   312  
Ending balance at Jun. 30, 2026 $ 550,231 $ 7 $ 5 $ 5 $ 1,147,836 $ (965) $ (733,570) $ 413,318 $ 136,913
Ending balance (in shares) at Jun. 30, 2026 7,131,101 7,131,101