Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Equity (Unaudited)

v3.22.2.2
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Series A Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020     7,758,145      
Beginning balance at Dec. 31, 2020 $ 141,029 $ 61 $ 78 $ 151,778 $ (17,154) $ 6,266
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Proceeds from the Issuance of Common Stock (in shares)     5,777,882      
Net Proceeds from the Issuance of Common Stock 133,085   $ 58 133,027    
Issuance of Common Stock for Merger Transaction (in shares)     7,699,887      
Issuance of Common Stock for Merger Transaction 162,853   $ 77 162,776    
Issuance of Warrants for Merger Transaction 4,820     4,820    
Redemption of Series A Preferred Stock (125) (61)     (64)  
Issuance of 88,200 OP Units for Property Acquisition 2,205         2,205
Stock-Based Compensation 1,820     1,820    
Dividends to Preferred Stock (4)       (4)  
Dividends to Common Stock (11,002)       (11,002)  
Dividend Equivalents to Restricted Stock Units (90)         (90)
Distributions to OP Unit Holders (281)         (281)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0     (3,399)   3,399
Net Income 7,133       6,897 236
Ending balance (in shares) at Sep. 30, 2021     21,235,914      
Ending balance at Sep. 30, 2021 441,443 0 $ 213 450,822 (21,327) 11,735
Beginning balance (in shares) at Jun. 30, 2021     17,329,964      
Beginning balance at Jun. 30, 2021 349,109 0 $ 173 359,514 (19,455) 8,877
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Proceeds from the Issuance of Common Stock (in shares)     3,905,950      
Net Proceeds from the Issuance of Common Stock 93,507   $ 40 93,467    
Stock-Based Compensation 816     816    
Dividends to Common Stock (4,628)       (4,628)  
Dividend Equivalents to Restricted Stock Units (31)       59 (90)
Distributions to OP Unit Holders (109)         (109)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0     (2,975)   2,975
Net Income 2,779       2,697 82
Ending balance (in shares) at Sep. 30, 2021     21,235,914      
Ending balance at Sep. 30, 2021 441,443 $ 0 $ 213 450,822 (21,327) 11,735
Beginning balance (in shares) at Dec. 31, 2021     21,235,914      
Beginning balance at Dec. 31, 2021 439,335   $ 213 450,916 (23,574) 11,780
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Conversion of Vested RSUs to Common Stock (in shares)     88,182      
Conversion of Vested RSUs to Common Stock 0   $ 1 125   (126)
Conversion of OP Units to Common Stock (in shares)     79,721      
Conversion of OP Units to Common Stock 0     1,586   (1,586)
Stock-Based Compensation 1,201     1,201    
Dividends to Common Stock (22,410)       (22,410)  
Dividend Equivalents to Restricted Stock Units (112)       (112)  
Distributions to OP Unit Holders (398)         (398)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0     2,524   (2,524)
Net Income 15,547       15,285 262
Ending balance (in shares) at Sep. 30, 2022     21,403,817      
Ending balance at Sep. 30, 2022 433,163   $ 214 456,352 (30,811) 7,408
Beginning balance (in shares) at Jun. 30, 2022     21,318,637      
Beginning balance at Jun. 30, 2022 434,323   $ 213 456,083 (29,395) 7,422
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Conversion of Vested RSUs to Common Stock (in shares)     85,180      
Conversion of Vested RSUs to Common Stock 0   $ 1 (1)    
Stock-Based Compensation 280     280    
Dividends to Common Stock (7,919)       (7,919)  
Dividend Equivalents to Restricted Stock Units (7)       (7)  
Distributions to OP Unit Holders (137)         (137)
Adjustment for Noncontrolling Interest Ownership in Operating Partnership 0     (10)   10
Net Income 6,623       6,510 113
Ending balance (in shares) at Sep. 30, 2022     21,403,817      
Ending balance at Sep. 30, 2022 $ 433,163   $ 214 $ 456,352 $ (30,811) $ 7,408