v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award The Company records stock-based compensation expense within General and administrative expenses in the accompanying Consolidated Statements of Operations, and recognizes forfeitures as they occur.

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Restricted stock (1)

 

$

5,455

 

 

 

4,662

 

 

$

10,898

 

 

 

9,302

 

Directors' fees paid in common stock and other employee stock grants

 

 

115

 

 

 

130

 

 

 

220

 

 

 

282

 

Capitalized stock-based compensation

 

 

(671

)

 

 

(446

)

 

 

(1,254

)

 

 

(880

)

Stock-based compensation, net of capitalization

 

$

4,899

 

 

 

4,346

 

 

$

9,864

 

 

 

8,704

 

(1)
In addition, during the three and six months ended June 30, 2024, the Company expensed $1.9 million and $3.8 million, respectively, within Other operating expenses in connection with vesting of restricted stock units related to the 2023 acquisition of Urstadt Biddle Properties ("UBP").