v3.26.1
Condensed Consolidated Statements of Changes in Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Capital in excess of par value
Cumulative net income
Cumulative dividends
Accumulated other comprehensive income/(loss)
Balance at Dec. 31, 2024 $ 179,541 $ 138 $ 271,092 $ 845,295 $ (943,396) $ 6,412
Balance, Shares at Dec. 31, 2024   13,851        
Shares of Beneficial Interest:            
Issued, net 76 $ 1 75      
Issued, net (in shares)   24        
Repurchased (36)   (36)      
Repurchased (in shares)   (1)        
Restricted stock-based compensation expense 426   426      
Dividends and dividend equivalents (20,446)       (20,446)  
Comprehensive income:            
Net income 9,269     9,269    
Unrealized net (loss)/gain on cash flow hedges (3,678)         (3,678)
Subtotal - comprehensive income 5,591     9,269   (3,678)
Balance at Jun. 30, 2025 165,152 $ 139 271,557 854,564 (963,842) 2,734
Balance, Shares at Jun. 30, 2025   13,874        
Balance at Mar. 31, 2025 172,166 $ 138 271,340 850,072 (953,576) 4,192
Balance, Shares at Mar. 31, 2025   13,851        
Shares of Beneficial Interest:            
Issued, net 41 $ 1 40      
Issued, net (in shares)   24        
Repurchased (36)   (36)      
Repurchased (in shares)   (1)        
Restricted stock-based compensation expense 213   213      
Dividends and dividend equivalents (10,266)       (10,266)  
Comprehensive income:            
Net income 4,492     4,492    
Unrealized net (loss)/gain on cash flow hedges (1,458)         (1,458)
Subtotal - comprehensive income 3,034     4,492   (1,458)
Balance at Jun. 30, 2025 165,152 $ 139 271,557 854,564 (963,842) 2,734
Balance, Shares at Jun. 30, 2025   13,874        
Balance at Dec. 31, 2025 152,384 $ 139 272,147 862,904 (984,443) 1,637
Balance, Shares at Dec. 31, 2025   13,875        
Shares of Beneficial Interest:            
Issued, net 77   77      
Issued, net (in shares)   26        
Repurchased (58)   (58)      
Repurchased (in shares)   (2)        
Restricted stock-based compensation expense 393   393      
Dividends and dividend equivalents (20,759)       (20,759)  
Comprehensive income:            
Net income 10,926     10,926    
Unrealized net (loss)/gain on cash flow hedges 944         944
Subtotal - comprehensive income 11,870     10,926   944
Balance at Jun. 30, 2026 143,907 $ 139 272,559 873,830 (1,005,202) 2,581
Balance, Shares at Jun. 30, 2026   13,899        
Balance at Mar. 31, 2026 147,803 $ 139 272,375 867,923 (994,779) 2,145
Balance, Shares at Mar. 31, 2026   13,875        
Shares of Beneficial Interest:            
Issued, net 39   39      
Issued, net (in shares)   26        
Repurchased (58)   (58)      
Repurchased (in shares)   (2)        
Restricted stock-based compensation expense 203   203      
Dividends and dividend equivalents (10,423)       (10,423)  
Comprehensive income:            
Net income 5,907     5,907    
Unrealized net (loss)/gain on cash flow hedges 436         436
Subtotal - comprehensive income 6,343     5,907   436
Balance at Jun. 30, 2026 $ 143,907 $ 139 $ 272,559 $ 873,830 $ (1,005,202) $ 2,581
Balance, Shares at Jun. 30, 2026   13,899