v3.25.2
Consolidated Statements of Changes in Equity and Other Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid in Capital
Retained Earnings
Cumulative Dividends
Other Comprehensive Income
Non-controlling Interests in Operating Partnership
Total
Balance at Dec. 31, 2023 $ 482 $ 577,237 $ 31,411 $ (95,939) $ 2,691 $ 12,958 $ 528,840
Balance (in shares) at Dec. 31, 2023 48,003            
Increase (decrease) in shareholders' equity              
Net income (loss)     1,373     35 1,408
Issuance of stock   34         34
Issuance of stock (in shares) 3            
Grant of unvested restricted stock (in shares) 165            
Shares withheld for income taxes on vesting of equity-based compensation   (177)         (177)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (16)            
Stock-based compensation   491         491
Dividends accrued and paid     (743) (2,891)   (72) (3,706)
Net change associated with current period hedging transactions         (215)   (215)
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   47       (47)  
Balance at Mar. 31, 2024 $ 482 577,632 32,041 (98,830) 2,476 12,874 526,675
Balance (in shares) at Mar. 31, 2024 48,155            
Increase (decrease) in shareholders' equity              
Net income (loss)     (2,002)     (50) (2,052)
Grant of unvested restricted stock (in shares) 12            
Shares withheld for income taxes on vesting of equity-based compensation $ (1)           (1)
Stock-based compensation   510         510
Dividends accrued and paid     (742) (2,893)   (73) (3,708)
Net change associated with current period hedging transactions         45   45
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   8       (8)  
Balance at Jun. 30, 2024 $ 481 578,150 29,297 (101,723) 2,521 12,743 521,469
Balance (in shares) at Jun. 30, 2024 48,167            
Balance at Dec. 31, 2024 $ 459 551,994 88,352 (160,406) 1,512 12,676 494,587
Balance (in shares) at Dec. 31, 2024 45,932            
Increase (decrease) in shareholders' equity              
Net income (loss)     2,039     54 2,093
Grant of unvested restricted stock $ 2           2
Grant of unvested restricted stock (in shares) 145            
Shares withheld for income taxes on vesting of equity-based compensation   (273)         (273)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (24)            
Stock-based compensation   519         519
Dividends accrued and paid     (743) (2,763)   (72) (3,578)
Net change associated with current period hedging transactions         (405)   (405)
Common stock repurchased and cancellation of shares $ (1) (740)         (741)
Common stock repurchased and cancellation of shares (in shares) (63)            
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   47       (47)  
Balance at Mar. 31, 2025 $ 460 551,547 89,648 (163,169) 1,107 12,611 492,204
Balance (in shares) at Mar. 31, 2025 45,990            
Increase (decrease) in shareholders' equity              
Net income (loss)     7,602     190 7,792
Stock-based compensation   528         528
Dividends accrued and paid     (743) (2,660)   (45) (3,448)
Conversion of common units to shares of common stock $ 4 7,645       (7,649)  
Conversion of common units to shares of common stock (in shares) 454            
Net change associated with current period hedging transactions         (39)   (39)
Common stock repurchased and cancellation of shares $ (21) (23,501)         (23,522)
Common stock repurchased and cancellation of shares (in shares) (2,099)            
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   (2,797)       2,797  
Balance at Jun. 30, 2025 $ 443 $ 533,422 $ 96,507 $ (165,829) $ 1,068 $ 7,904 $ 473,515
Balance (in shares) at Jun. 30, 2025 44,345