v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table
Summary
Compensation
Table Total
for PEO

($)
Compensation
Actually Paid
to PEO
(1)(4)
($)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs

($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(1)(4)
($)
Value of Initial
Fixed $100
Investment
Based On:
Net Income
(Loss)
Attributable
to Common
Stockholders
($ in 000’s)
Adjusted
FFO Per
Fully
Diluted
Share
(3)
($)
Year
TSR
($)
Peer
Group

TSR(2)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2025
3,905,735 3,966,825 1,397,063 1,372,815 196 122 2,580 1.97
2024
3,047,109 4,181,015 942,183 825,555 193 124 (8,779) 2.00
2023
2,622,366 2,355,069 1,218,942 1,108,613 156 120 758 1.91
2022
2,423,711 2,347,865 1,500,597 1,435,223 151 111 (1,623) 1.83
2021
2,357,788 4,535,058 947,655 1,595,876 157 130 27,615 1.45
(1)
Amounts represent “compensation actually paid” ​(as defined below) to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2025 John Albright Steven Greathouse, Philip Mays, Daniel Smith,
Lisa Vorakoun
2024 John Albright Steven Greathouse, Philip Mays, Matthew Partridge,
Daniel Smith, Lisa Vorakoun
2023 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2022 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2021 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2025 Peer Group (see page 33 above), which was used for compensation benchmarking purposes for 2025 compensation as described above. The 2025 Peer Group consisted of some of the same companies as the 2024 Peer Group, although to construct the 2025 Peer Group, four of the companies from the 2024 Peer Group were removed and five new companies were added. The changes were made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset bases, market capitalizations, total enterprise values, and other factors. Also, the 2024 Peer Group consisted of the same companies as the 2023 Peer Group. For 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. This change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset bases, market capitalizations, total enterprise values, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2021, 2022, 2023, 2024 and 2025 is set forth in the sub-table below.
Value of Initial Fixed $100 Investment
Based On:
Year
Company
TSR
($)
2022 Peer
Group TSR

($)
2023 Peer
Group TSR

($)
2021
157 133 134
2022
151 111 112
2023
156 110 115
2024
193 112 112
2025
196 106 106
(3)
For calculations of AFFO per diluted share, see pages 48 – 50 of our Annual Report on Form 10-K filed with the SEC on February 19, 2026, which also includes a GAAP reconciliation of this non-GAAP measure.
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 43 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation
“Actually Paid” for PEO
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
$ (1,778,421) $ (1,172,927) $ (1,209,080) $ (1,141,117) $ (1,135,825) $ (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end
$ 1,689,878 $ 1,709,493 $ 1,090,110 $ 1,220,410 $ 2,066,282 $ 792,893
Increase/deduction for Change in Fair Value
from prior Year-end to current Year-end
of Awards Granted Prior to year that
were Outstanding and Unvested as of
Year-end
$ 121,981 $ 626,117 $ (187,893) $ (51,182) $ 1,184,425 $ (143,285)
Increase/deduction for Change in Fair Value
from Prior Year-end to Vesting Date of
Awards Granted Prior to year that Vested
during year
$ 27,651 $ (28,777) $ 39,566 $ (103,957) $ 62,388 $ 33,496
Total Adjustments
$ 61,089 $ 1,133,906 $ (267,297) $ (75,846) $ 2,177,270 $ (246,498)
Adjustments to Determine Compensation
“Actually Paid” for Non-PEOs (Average)
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock Awards” Column in the SCT
$ (547,192) $ (321,332) $ (499,164) $ (734,921) $ (382,239) $ (328,875)
Increase for Fair Value of Awards Granted during year
that Remain Unvested as of Year end
$ 517,350 $ 315,837 $ 449,983 $ 716,807 $ 686,661 $ 239,386
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end
$ 22,396 $ 116,020 $ (75,917) $ (17,214) $ 332,595 $ (20,377)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
$ (16,803) $ (6,978) $ 14,769 $ (30,046) $ 11,206 $ 8,839
Deduction for the Fair Value of Awards forfeited during year
$ $ (220,175) $ $ $ $ (96,818)
Total Adjustments
$ (24,249) $ (116,628) $ (110,329) $ (65,374) $ 648,223 $ (197,845)
In addition, because Mr. Partridge was an NEO during a portion of 2024, the calculation above of “Average Compensation Actually Paid to non-PEO NEOs” for 2024 includes amounts paid to Mr. Partridge for such year. If Mr. Partridge’s 2024 compensation had not been included in such calculation for 2024, the “Average Summary Compensation Table Total for Non-PEO NEOs” and “Average Compensation Actually Paid to Non-PEOP NEOs” for 2024 would have been $1,023,393 and $1,281,073, respectively.
         
Company Selected Measure Name Adjusted FFO Per Fully Diluted Share          
Named Executive Officers, Footnote
(1)
Amounts represent “compensation actually paid” ​(as defined below) to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2025 John Albright Steven Greathouse, Philip Mays, Daniel Smith,
Lisa Vorakoun
2024 John Albright Steven Greathouse, Philip Mays, Matthew Partridge,
Daniel Smith, Lisa Vorakoun
2023 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2022 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2021 John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
         
Peer Group Issuers, Footnote
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2025 Peer Group (see page 33 above), which was used for compensation benchmarking purposes for 2025 compensation as described above. The 2025 Peer Group consisted of some of the same companies as the 2024 Peer Group, although to construct the 2025 Peer Group, four of the companies from the 2024 Peer Group were removed and five new companies were added. The changes were made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset bases, market capitalizations, total enterprise values, and other factors. Also, the 2024 Peer Group consisted of the same companies as the 2023 Peer Group. For 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. This change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset bases, market capitalizations, total enterprise values, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2021, 2022, 2023, 2024 and 2025 is set forth in the sub-table below.
Value of Initial Fixed $100 Investment
Based On:
Year
Company
TSR
($)
2022 Peer
Group TSR

($)
2023 Peer
Group TSR

($)
2021
157 133 134
2022
151 111 112
2023
156 110 115
2024
193 112 112
2025
196 106 106
         
PEO Total Compensation Amount $ 3,905,735 $ 3,047,109 $ 2,622,366 $ 2,423,711 $ 2,357,788  
PEO Actually Paid Compensation Amount $ 3,966,825 4,181,015 2,355,069 2,347,865 4,535,058  
Adjustment To PEO Compensation, Footnote
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 43 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation
“Actually Paid” for PEO
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
$ (1,778,421) $ (1,172,927) $ (1,209,080) $ (1,141,117) $ (1,135,825) $ (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end
$ 1,689,878 $ 1,709,493 $ 1,090,110 $ 1,220,410 $ 2,066,282 $ 792,893
Increase/deduction for Change in Fair Value
from prior Year-end to current Year-end
of Awards Granted Prior to year that
were Outstanding and Unvested as of
Year-end
$ 121,981 $ 626,117 $ (187,893) $ (51,182) $ 1,184,425 $ (143,285)
Increase/deduction for Change in Fair Value
from Prior Year-end to Vesting Date of
Awards Granted Prior to year that Vested
during year
$ 27,651 $ (28,777) $ 39,566 $ (103,957) $ 62,388 $ 33,496
Total Adjustments
$ 61,089 $ 1,133,906 $ (267,297) $ (75,846) $ 2,177,270 $ (246,498)
         
Non-PEO NEO Average Total Compensation Amount $ 1,397,063 942,183 1,218,942 1,500,597 947,655  
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,372,815 825,555 1,108,613 1,435,223 1,595,876  
Adjustment to Non-PEO NEO Compensation Footnote
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 43 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation
“Actually Paid” for Non-PEOs (Average)
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock Awards” Column in the SCT
$ (547,192) $ (321,332) $ (499,164) $ (734,921) $ (382,239) $ (328,875)
Increase for Fair Value of Awards Granted during year
that Remain Unvested as of Year end
$ 517,350 $ 315,837 $ 449,983 $ 716,807 $ 686,661 $ 239,386
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end
$ 22,396 $ 116,020 $ (75,917) $ (17,214) $ 332,595 $ (20,377)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
$ (16,803) $ (6,978) $ 14,769 $ (30,046) $ 11,206 $ 8,839
Deduction for the Fair Value of Awards forfeited during year
$ $ (220,175) $ $ $ $ (96,818)
Total Adjustments
$ (24,249) $ (116,628) $ (110,329) $ (65,374) $ 648,223 $ (197,845)
         
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_grouptsr-bw.jpg]          
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-bw.jpg]
         
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_dilutedshare-bw.jpg]
         
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_grouptsr-bw.jpg]          
Tabular List, Table
We believe the following performance measures represent the most important financial performance measures used by us to link our NEOs’ CAP for the fiscal year ended December 31, 2025:

Our TSR over a 3-year performance period versus the performance of the Index

Adjusted FFO per fully diluted share

Other income growth

Same-store leased occupancy change
         
Total Shareholder Return Amount $ 196 193 156 151 157  
Peer Group Total Shareholder Return Amount 122 124 120 111 130  
Net Income (Loss) $ 2,580,000 $ (8,779,000) $ 758,000 $ (1,623,000) $ 27,615,000  
Company Selected Measure Amount | $ / shares 1.97 2 1.91 1.83 1.45  
PEO Name John Albright          
Equity Awards Adjustments, Footnote
Adjustments to Determine Compensation
“Actually Paid” for PEO
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
$ (1,778,421) $ (1,172,927) $ (1,209,080) $ (1,141,117) $ (1,135,825) $ (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end
$ 1,689,878 $ 1,709,493 $ 1,090,110 $ 1,220,410 $ 2,066,282 $ 792,893
Increase/deduction for Change in Fair Value
from prior Year-end to current Year-end
of Awards Granted Prior to year that
were Outstanding and Unvested as of
Year-end
$ 121,981 $ 626,117 $ (187,893) $ (51,182) $ 1,184,425 $ (143,285)
Increase/deduction for Change in Fair Value
from Prior Year-end to Vesting Date of
Awards Granted Prior to year that Vested
during year
$ 27,651 $ (28,777) $ 39,566 $ (103,957) $ 62,388 $ 33,496
Total Adjustments
$ 61,089 $ 1,133,906 $ (267,297) $ (75,846) $ 2,177,270 $ (246,498)
Adjustments to Determine Compensation
“Actually Paid” for Non-PEOs (Average)
2025
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock Awards” Column in the SCT
$ (547,192) $ (321,332) $ (499,164) $ (734,921) $ (382,239) $ (328,875)
Increase for Fair Value of Awards Granted during year
that Remain Unvested as of Year end
$ 517,350 $ 315,837 $ 449,983 $ 716,807 $ 686,661 $ 239,386
Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end
$ 22,396 $ 116,020 $ (75,917) $ (17,214) $ 332,595 $ (20,377)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
$ (16,803) $ (6,978) $ 14,769 $ (30,046) $ 11,206 $ 8,839
Deduction for the Fair Value of Awards forfeited during year
$ $ (220,175) $ $ $ $ (96,818)
Total Adjustments
$ (24,249) $ (116,628) $ (110,329) $ (65,374) $ 648,223 $ (197,845)
         
Peer Group Total Shareholder Return Amount for 2023 $ 106 $ 112 $ 110 $ 111 $ 133  
Peer Group Total Shareholder Return Amount for 2022 $ 106 112 115 112 134  
Non-PEO NEO Average Total Compensation Amount, excluding Mr. Patridge's Compensation   1,023,393        
Non-PEO NEO Average Compensation Actually Paid Amount, excluding Mr. Patridge's Compensation   1,281,073        
Measure:: 1            
Pay vs Performance Disclosure            
Name Our TSR over a 3-year performance period versus the performance of the Index          
Measure:: 2            
Pay vs Performance Disclosure            
Name Adjusted FFO per fully diluted share          
Non-GAAP Measure Description
(3)
For calculations of AFFO per diluted share, see pages 48 – 50 of our Annual Report on Form 10-K filed with the SEC on February 19, 2026, which also includes a GAAP reconciliation of this non-GAAP measure.
         
Measure:: 3            
Pay vs Performance Disclosure            
Name Other income growth          
Measure:: 4            
Pay vs Performance Disclosure            
Name Same-store leased occupancy change          
PEO | Equity Awards Adjustments            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ 61,089 1,133,906 (267,297) (75,846) 2,177,270 $ (246,498)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (1,778,421) (1,172,927) (1,209,080) (1,141,117) (1,135,825) (929,602)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 1,689,878 1,709,493 1,090,110 1,220,410 2,066,282 792,893
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 121,981 626,117 (187,893) (51,182) 1,184,425 (143,285)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 27,651 (28,777) 39,566 (103,957) 62,388 33,496
Non-PEO NEO | Equity Awards Adjustments            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (24,249) (116,628) (110,329) (65,374) 648,223 (197,845)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (547,192) (321,332) (499,164) (734,921) (382,239) (328,875)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 517,350 315,837 449,983 716,807 686,661 239,386
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 22,396 116,020 (75,917) (17,214) 332,595 (20,377)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (16,803) (6,978) 14,769 (30,046) 11,206 8,839
Non-PEO NEO | Equity Awards Adjustments, Change In Fair Value Of Awards Forfeited During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ (220,175) $ (96,818)