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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, 2022 $ 531 $ 647,346 $ 3,567 $ (73,964) $ 3,306 $ 13,218 $ 594,004
Balance (in shares) at Dec. 31, 2022 54,318            
Increase (decrease) in shareholders' equity              
Net income     1,676     38 1,714
Issuance of stock   54         54
Issuance of stock (in shares) 5            
Grant of unvested restricted stock (in shares) 223            
Shares withheld for income taxes on vesting of equity-based compensation   (36)         (36)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (3)            
Stock-based compensation   405         405
Dividends accrued and paid     (803) (3,185)   (74) (4,062)
Net change associated with current period hedging transactions         (383)   (383)
Repurchase and cancellation of shares $ (15) (14,577)         (14,592)
Repurchase and cancellation of shares (in shares) (1,458)            
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   17       (17)  
Balance at Mar. 31, 2023 $ 516 633,209 4,440 (77,149) 2,923 13,165 577,104
Balance (in shares) at Mar. 31, 2023 53,085            
Balance at Dec. 31, 2023 $ 466 577,253 31,411 (95,939) 2,691 12,958 528,840
Balance (in shares) at Dec. 31, 2023 48,003            
Increase (decrease) in shareholders' equity              
Net income     1,373     35 1,408
Issuance of stock   34         34
Issuance of stock (in shares) 3            
Grant of unvested restricted stock (in shares) 165            
Shares withheld for income taxes on vesting of equity-based compensation   (177)         (177)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (16)            
Stock-based compensation   491         491
Dividends accrued and paid     (743) (2,891)   (72) (3,706)
Net change associated with current period hedging transactions         (215)   (215)
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   47       (47)  
Balance at Mar. 31, 2024 $ 466 $ 577,648 $ 32,041 $ (98,830) $ 2,476 $ 12,874 $ 526,675
Balance (in shares) at Mar. 31, 2024 48,155