v3.26.1
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, 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     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     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            
Balance at Dec. 31, 2025 $ 431 520,899 117,314 (179,641) 350 8,034 467,387
Balance (in shares) at Dec. 31, 2025 43,093            
Increase (decrease) in shareholders' equity              
Net income     640     6 646
Grant of unvested restricted stock $ 1           1
Grant of unvested restricted stock (in shares) 108            
Shares withheld for income taxes on vesting of equity-based compensation $ (1) (410)         (411)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (34)            
Stock-based compensation   468         468
Dividends accrued and paid     (204) (3,933)   (26) (4,163)
Conversion of common units to shares of common stock $ 5 12,334       (12,339)  
Conversion of common units to shares of common stock (in shares) 450            
Net change associated with current period hedging transactions         $ (350)   (350)
Common stock repurchased and cancellation of shares           (70) (70)
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   (7,506)       7,506  
Balance at Mar. 31, 2026 $ 436 525,785 117,750 (183,574)   3,111 463,508
Balance (in shares) at Mar. 31, 2026 43,617            
Increase (decrease) in shareholders' equity              
Net income     3,110     21 3,131
Grant of unvested restricted stock (in shares) 12            
Stock-based compensation   434         434
Dividends accrued and paid       (3,935)   (26) (3,961)
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   (2)       2  
Balance at Jun. 30, 2026 $ 436 $ 526,217 $ 120,860 $ (187,509)   $ 3,108 $ 463,112
Balance (in shares) at Jun. 30, 2026 43,629