Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Equity (Unaudited)

v3.22.2
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Total
Balance (in shares) at Dec. 31, 2020 7,758,145          
Balance at Dec. 31, 2020 $ 78 $ 151,778 $ (17,154) $ 6,266 $ 61 $ 141,029
Stock-Based Compensation 0 1,004 0 0 0 1,004
Dividends to Common Stock 0 0 (6,374) 0 0 (6,374)
Dividend Equivalents to Restricted Stock Units 0 0 (59) 0 0 (59)
Distributions to OP Unit Holders 0 0 0 (172) 0 (172)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0 (424) 0 424 0 0
Net Income (Loss) 0 0 4,240 114 0 4,354
Net Proceeds from the Issuance of Common Stock $ 18 39,560 0 0 0 39,578
Net Proceeds from the Issuance of Common Stock (in shares) 1,871,932          
Issuance of Common Stock for Merger Transaction $ 77 162,776 0 0 0 162,853
Issuance of Common Stock for Merger Transaction (in shares) 7,699,887          
Issuance of Warrants for Merger Transaction $ 0 4,820 0 0 0 4,820
Redemption of Series A Preferred Stock 0 0 (64) 0 (61) (125)
Issuance of OP Units 0 0 0 2,205 0 2,205
Dividends to Preferred Stock 0 0 (4) 0 0 (4)
Net Income 0 0 4,240 114 0 4,354
Balance at Jun. 30, 2021 $ 173 359,514 (19,415) 8,837 0 349,109
Balance (in shares) at Jun. 30, 2021 17,329,964          
Balance (in shares) at Mar. 31, 2021 17,329,964          
Balance at Mar. 31, 2021 $ 173 358,943 (17,920) 7,136 61 348,393
Stock-Based Compensation 0 97 0 0 0 97
Dividends to Common Stock 0 0 (4,159) 0 0 (4,159)
Dividend Equivalents to Restricted Stock Units 0 0 (30) 0 0 (30)
Distributions to OP Unit Holders 0 0 0 (88) 0 (88)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0 474 0 (474) 0 0
Net Income (Loss) 0 0 2,758 58 0 2,816
Redemption of Series A Preferred Stock 0 0 (64) 0 (61) (125)
Issuance of OP Units 0 0 0 2,205 0 2,205
Net Income 0 0 2,758 58 0 2,816
Balance at Jun. 30, 2021 $ 173 359,514 (19,415) 8,837 $ 0 349,109
Balance (in shares) at Jun. 30, 2021 17,329,964          
Balance (in shares) at Dec. 31, 2021 21,235,914          
Balance at Dec. 31, 2021 $ 213 450,916 (23,574) 11,780   439,335
Conversion of Vested RSUs to Common Stock (in shares) 3,002          
Conversion of Vested RSUs to Common Stock $ 0 126 0 (126)   0
Conversion of OP Units to Common Stock (in shares) 79,721          
Conversion of OP Units to Common Stock $ 0 1,586 0 (1,586)   0
Stock-Based Compensation 0 921 0 0   921
Dividends to Common Stock 0 0 (14,491) 0   (14,491)
Dividend Equivalents to Restricted Stock Units 0 0 (106) 0   (106)
Distributions to OP Unit Holders 0 0 0 (261)   (261)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0 2,534 0 (2,534)   0
Net Income (Loss) 0 0 8,776 149   8,925
Net Income 0 0 8,776 149   8,925
Balance at Jun. 30, 2022 $ 213 456,083 (29,395) 7,422   434,323
Balance (in shares) at Jun. 30, 2022 21,318,637          
Balance (in shares) at Mar. 31, 2022 21,300,410          
Balance at Mar. 31, 2022 $ 213 452,690 (25,627) 10,398   437,674
Conversion of OP Units to Common Stock (in shares) 18,227          
Conversion of OP Units to Common Stock $ 0 482 0 (482)   0
Stock-Based Compensation 0 515 0 0   515
Dividends to Common Stock 0 0 (7,462) 0   (7,462)
Dividend Equivalents to Restricted Stock Units 0 0 (64) 0   (64)
Distributions to OP Unit Holders 0 0 0 (130)   (130)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0 2,396 0 (2,396)   0
Net Income (Loss) 0 0 3,758 32   3,790
Net Income 0 0 3,758 32   3,790
Balance at Jun. 30, 2022 $ 213 $ 456,083 $ (29,395) $ 7,422   $ 434,323
Balance (in shares) at Jun. 30, 2022 21,318,637