Years Ended December 31,

2025

2024

2023

Earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations

$

99,255

$

70,734

$

18,875

Allocation for participating shares

(457)

(318)

(85)

Net income from continuing operations attributed to common shareholders

$

98,798

$

70,416

$

18,790

Earnings per share denominator - basis and diluted

Total weighted average common shares outstanding, including participating shares

14,780,289

14,757,905

14,730,547

Less: weighted average participating shares

(68,347)

(65,816)

(66,817)

Basic earnings per share denominator

14,711,942

14,692,089

14,663,730

Common equivalent shares- non-vested performance stock grants

33,183

25,029

46,401

Diluted earnings per share denominator

14,745,125

14,717,118

14,710,131

Basic earnings per share

$

6.72

$

4.79

$

1.28

Diluted earnings per share

$

6.70

$

4.78

$

1.28

Undistributed earnings attributable to common shareholders - basic and diluted:

Net income from continuing operations attributable to common shareholders -Basic

$

6.72

$

4.79

$

1.28

Dividends declared

(3.64)

(3.60)

Undistributed earnings

$

3.08

$

1.19

$

(2.32)

Net income from continuing operations attributable to common shareholders -Diluted

$

6.70

$

4.78

$

1.28

Dividends declared

(3.64)

(3.60)

Undistributed earnings

$

3.06

$

1.18

$

(2.32)