v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Shares of Common Stock
Additional Paid-In Capital
(Accumulated Deficit)
Non- Controlling Interest
Beginning balance at Dec. 31, 2024 $ 204,914 $ 179 $ 272,275 $ (67,485) $ (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,732)     (4,732)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 1,142   1,142    
Distributions to non-controlling interests (53)       (53)
Shares issued through DRIP 808   808    
Shares repurchased (1,382) (1) (1,381)    
Net (loss) income (2,308)     (2,352) 44
Ending balance at Mar. 31, 2025 198,389 180 272,842 (74,569) (64)
Beginning balance at Dec. 31, 2024 204,914 179 272,275 (67,485) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Shares repurchased (2,386)        
Net (loss) income (4,831)        
Ending balance at Jun. 30, 2025 192,049 180 273,795 (81,860) (66)
Beginning balance at Mar. 31, 2025 198,389 180 272,842 (74,569) (64)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,725)     (4,725)  
Restricted stock and restricted stock units vesting 0 0 0    
Compensation expense - restricted stock and restricted stock units 1,135   1,135    
Distributions to non-controlling interests (45)       (45)
Shares issued through DRIP 822 1 821    
Shares repurchased (1,004) (1) (1,003)    
Net (loss) income (2,523)     (2,566) 43
Ending balance at Jun. 30, 2025 192,049 180 273,795 (81,860) (66)
Beginning balance at Dec. 31, 2025 177,200 180 275,408 (98,346) (42)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,727)     (4,727)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 922   922    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 976   976    
Shares repurchased (2,512) (2) (2,510)    
Net (loss) income (2,642)     (2,682) 40
Ending balance at Mar. 31, 2026 169,157 180 274,794 (105,755) (62)
Beginning balance at Dec. 31, 2025 177,200 180 275,408 (98,346) (42)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Shares repurchased (5,408)        
Net (loss) income (5,823)        
Ending balance at Jun. 30, 2026 160,378 180 273,949 (113,669) (82)
Beginning balance at Mar. 31, 2026 169,157 180 274,794 (105,755) (62)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Distributions - common stock (4,693)     (4,693)  
Restricted stock and restricted stock units vesting 0 2 (2)    
Compensation expense - restricted stock and restricted stock units 948   948    
Distributions to non-controlling interests (60)       (60)
Shares issued through DRIP 1,103   1,103    
Shares repurchased (2,896) (2) (2,894)    
Net (loss) income (3,181)     (3,221) 40
Ending balance at Jun. 30, 2026 $ 160,378 $ 180 $ 273,949 $ (113,669) $ (82)