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Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
OP Units [Member]
Noncontrolling Interest [Member]
Total
Balance (in shares) at Dec. 31, 2022 49,423         695    
Balance at Dec. 31, 2022 $ 49 $ 624,785 $ (212,366) $ 5,980 $ 418,448   $ 6,006 $ 424,454
Issuance of shares under dividend reinvestment plan (in shares) 2         0    
Issuance of shares under dividend reinvestment plan $ 0 17 0 0 17   0 17
Share-based compensation   755     755     755
Distributions - per common share / OP unit 0 0 (5,931) 0 (5,931)     (6,014)
Distributions - per common share / OP unit             (83)  
Amount Recognized as Comprehensive income 0 0 0 (4,523) (4,523)   (64) (4,587)
Net income $ 0 0 3,847 0 3,847   54 3,901
Distributions - $0.1238 per common share / OP unit             (83)  
Balance (in shares) at Mar. 31, 2023 49,425         695    
Balance at Mar. 31, 2023 $ 49 625,557 (214,450) 1,457 412,613   5,913 418,526
Balance (in shares) at Dec. 31, 2022 49,423         695    
Balance at Dec. 31, 2022 $ 49 624,785 (212,366) 5,980 418,448   6,006 424,454
Amount Recognized as Comprehensive income               6,602
Net income               17,887
Balance (in shares) at Sep. 30, 2023 49,585         693    
Balance at Sep. 30, 2023 $ 50 626,815 (212,551) 12,491 426,805   6,077 432,882
Balance (in shares) at Mar. 31, 2023 49,425         695    
Balance at Mar. 31, 2023 $ 49 625,557 (214,450) 1,457 412,613   5,913 418,526
Exchange of noncontrolling interest OP units for common shares (in shares) 1         (1)    
Exchange of noncontrolling interest OP units for common shares $ 1 10 0 0 11     0
Exchange of noncontrolling interest OP units for common shares             (11)  
Issuance of shares under dividend reinvestment plan (in shares) 2         0    
Issuance of shares under dividend reinvestment plan $ 0 19 0 0 19   0 19
Repurchase of common shares (1) (in shares) (30)         0    
Repurchase of common shares (1) $ 0 (289) 0 0 (289)   0 (289)
Share-based compensation (in shares) 122              
Share-based compensation   725     725     725
Distributions - per common share / OP unit $ 0 0 (5,943) 0 (5,943)     (6,029)
Distributions - per common share / OP unit             (86)  
Amount Recognized as Comprehensive income 0 0 0 6,996 6,996   99 7,095
Net income $ 0 0 11,306 0 11,306   159 11,465
Distributions - $0.1238 per common share / OP unit             (86)  
Balance (in shares) at Jun. 30, 2023 49,520         694    
Balance at Jun. 30, 2023 $ 50 626,022 (209,087) 8,453 425,438   6,074 431,512
Exchange of noncontrolling interest OP units for common shares (in shares) 1         (1)    
Exchange of noncontrolling interest OP units for common shares $ 0 5 0 0 5     0
Exchange of noncontrolling interest OP units for common shares             (5)  
Issuance of shares under dividend reinvestment plan (in shares) 2         0    
Issuance of shares under dividend reinvestment plan $ 0 19 0 0 19   0 19
Repurchase of common shares (1) (in shares) (23)         0    
Repurchase of common shares (1) $ 0 (236) 0 0 (236)   0 (236)
Share-based compensation (in shares) 85              
Share-based compensation   1,005     1,005     1,005
Distributions - per common share / OP unit $ 0 0 (5,950) 0 (5,950)     (6,033)
Distributions - per common share / OP unit             (83)  
Amount Recognized as Comprehensive income 0 0 0 4,038 4,038   56 4,094
Net income $ 0 0 2,486 0 2,486   35 2,521
Distributions - $0.1238 per common share / OP unit             (83)  
Balance (in shares) at Sep. 30, 2023 49,585         693    
Balance at Sep. 30, 2023 $ 50 626,815 (212,551) 12,491 426,805   6,077 432,882
Balance (in shares) at Dec. 31, 2023 49,611         694    
Balance at Dec. 31, 2023 $ 50 628,079 (216,963) 2,576 413,742   5,875 419,617
Exchange of noncontrolling interest OP units for common shares (in shares) 44         (44)    
Exchange of noncontrolling interest OP units for common shares $ 0 355 0 0 355     0
Exchange of noncontrolling interest OP units for common shares             (355)  
Issuance of shares under dividend reinvestment plan (in shares) 2         0    
Issuance of shares under dividend reinvestment plan $ 0 23 0 0 23   0 23
Repurchase of common shares (1) (in shares) [1] (118)         0    
Repurchase of common shares (1) [1] $ 0 (1,442) 0 0 (1,442)   0 (1,442)
Share-based compensation (in shares) 420              
Share-based compensation   861     861     861
Distributions - per common share / OP unit $ 0 0 (6,175) 0 (6,175)     (6,267)
Distributions - per common share / OP unit             (92)  
Amount Recognized as Comprehensive income 0 0 0 4,941 4,941   66 5,007
Net income $ 0 0 9,340 0 9,340   124 9,464
Distributions - $0.1238 per common share / OP unit             (92)  
Balance (in shares) at Mar. 31, 2024 49,959         650    
Balance at Mar. 31, 2024 $ 50 627,876 (213,798) 7,517 421,645   5,618 427,263
Balance (in shares) at Dec. 31, 2023 49,611         694    
Balance at Dec. 31, 2023 $ 50 628,079 (216,963) 2,576 413,742   5,875 419,617
Amount Recognized as Comprehensive income               (3,296)
Net income               19,813
Balance (in shares) at Sep. 30, 2024 50,646         650    
Balance at Sep. 30, 2024 $ 51 636,192 (216,044) (679) 419,520   5,484 425,004
Balance (in shares) at Mar. 31, 2024 49,959         650    
Balance at Mar. 31, 2024 $ 50 627,876 (213,798) 7,517 421,645   5,618 427,263
Issuance of shares under dividend reinvestment plan (in shares) 1         0    
Issuance of shares under dividend reinvestment plan $ 0 19 0 0 19   0 19
Repurchase of common shares (1) (in shares) (90)         0    
Repurchase of common shares (1) $ 0 (1,199) 0 0 (1,199)   0 (1,199)
Share-based compensation (in shares) 194              
Share-based compensation   763     763     763
Distributions - per common share / OP unit $ 0 0 (6,195) 0 (6,195)     (6,275)
Distributions - per common share / OP unit             (80)  
Amount Recognized as Comprehensive income 0 0 0 635 635   8 643
Net income $ 0 0 2,592 0 2,592   34 2,626
Distributions - $0.1238 per common share / OP unit             (80)  
Balance (in shares) at Jun. 30, 2024 50,064         650    
Balance at Jun. 30, 2024 $ 50 627,459 (217,401) 8,152 418,260   5,580 423,840
Issuance of shares under dividend reinvestment plan (in shares) 2         0    
Issuance of shares under dividend reinvestment plan $ 0 14 0 0 14   0 14
Share-based compensation   1,181     1,181     1,181
Distributions - per common share / OP unit 0 0 (6,267) 0 (6,267)     (6,347)
Distributions - per common share / OP unit             (80)  
Amount Recognized as Comprehensive income 0 0 0 (8,831) (8,831)   (115) (8,946)
Net income $ 0 0 7,624 0 7,624   99 7,723
Issuance of common shares - ATM Program, net of offering costs (in shares) 580         0    
Issuance of common shares - ATM Program, net of offering costs $ 1 7,619 0 0 7,620   0 7,620
Exchange offer costs $ 0 (81) 0 0 (81)   0 (81)
Distributions - $0.1238 per common share / OP unit             (80)  
Balance (in shares) at Sep. 30, 2024 50,646         650    
Balance at Sep. 30, 2024 $ 51 $ 636,192 $ (216,044) $ (679) $ 419,520   $ 5,484 $ 425,004
[1] The Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares.