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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE TABLE

The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2020, 2021, 2022 and 2023, and our financial performance for each such fiscal year as required by Item 402(v) of Regulation S-K. For more information on the Company’s pay philosophy and pay for performance, please see the Compensation Discussion & Analysis on p. 25.

Year			Summary Compensation Table Total for PEO^(1)(2)(3)			Compensation Actually Paid to PEO			Average Summary Compensation Table Total for Non-PEO NEOs			Average Compensation Actually Paid to Non- PEO NEOs			Value of Initial Fixed $100 Investment Based On:						Net Income in thousands			Relative Stockholder Return⁽⁶⁾
Year			Summary Compensation Table Total for PEO^(1)(2)(3)			Compensation Actually Paid to PEO			Average Summary Compensation Table Total for Non-PEO NEOs			Average Compensation Actually Paid to Non- PEO NEOs			Total Shareholder Return⁽⁴⁾			Peer Group Total Shareholder Return⁽⁵⁾			Net Income in thousands			Relative Stockholder Return⁽⁶⁾
2023			$5,342,066			$4,031,813			$1,889,298			$1,557,658			$98.26			$122.84			$95,462			25.3%
2022			$3,629,462			$2,571,203			$1,298,087			$1,018,139			$110.91			$99.82			$97,908			71.5%
2021			$2,779,420			$1,916,694			$1,020,880			$803,582			$113.81			$132.23			$85,745			60.1%
2020			$3,277,517			$6,819,714			$1,388,110			$2,236,770			$111.64			$92.43			$77,567			90.4%

(1)	Amounts represent summary compensation total paid to our PEO.

(2)

Amounts outlined in this table represent “compensation actually paid” to our PEO and the average “compensation actually paid” to our remaining NEOs for the relevant SEC rules. For purposes of this Pay Versus Performance Table, PEO is William H. Lenehan, and remaining NEOs (for each covered year) are Gerald R. Morgan and James L. Brat.

(3)	The following table set forth on the next page outlines information concerning the calculation of the adjustment between the Summary Compensation and Compensation Actually Paid for each of the fiscal year ended December 31, 2023.

(4)	Absolute TSR for fiscal years 2023, 2022, 2021, and 2020 reflected as a percentage, is equal to -1.7%, 10.9%, 13.8% and 11.6%, respectively. Absolute TSR is one of the metrics we use in our long-term annual compensation program, as described in our Compensation Discussion & Analysis on p. 25.

(5)	For the relevant fiscal year, the peer group represents the cumulative TSR of the MSCI U.S. REIT Index, which differs from the comparison group of companies used in the “Relative Stockholder Return” column of this table as detailed below in footnote six.

(6)

Relative Stockholder Return is the Company’s Selected Measure for purposes of the SEC rules. Amounts shown in the table indicate the Company’s percentile ranking compared to the relative stockholder returns of the companies in a comparison group selected by the Compensation Committee, which differs from the peer group used in the column of this table titled “Peer Group Total Shareholder Return”. For more information on Relative Stockholder Return or RSR, please see our Compensation Discussion & Analysis on p. 25. While Relative Stockholder Return is the Company’s Selected Measure, absolute TSR comprises 50% of the award opportunity for performance based restricted stock awarded to NEOs and PEOs in relevant covered years.

	2023
				PEO			Average non-PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY			$(3,580,283)			$(1,064,757)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			2,490,469			754,875
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date			231,632			90,752
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(608,309)			(150,617)
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			156,238			38,107
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—
	Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY			—			—
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—
	Total Adjustment			$(1,310,253)			$(331,640)

Company Selected Measure Name

Relative Stockholder Return

Named Executive Officers, Footnote

(2)

Amounts outlined in this table represent “compensation actually paid” to our PEO and the average “compensation actually paid” to our remaining NEOs for the relevant SEC rules. For purposes of this Pay Versus Performance Table, PEO is William H. Lenehan, and remaining NEOs (for each covered year) are Gerald R. Morgan and James L. Brat.

Peer Group Issuers, Footnote

(5)	For the relevant fiscal year, the peer group represents the cumulative TSR of the MSCI U.S. REIT Index, which differs from the comparison group of companies used in the “Relative Stockholder Return” column of this table as detailed below in footnote six.

PEO Total Compensation Amount

$ 5,342,066

$ 3,629,462

$ 2,779,420

$ 3,277,517

PEO Actually Paid Compensation Amount

$ 4,031,813

2,571,203

1,916,694

6,819,714

Adjustment To PEO Compensation, Footnote

(3)	The following table set forth on the next page outlines information concerning the calculation of the adjustment between the Summary Compensation and Compensation Actually Paid for each of the fiscal year ended December 31, 2023.

	2023
				PEO			Average non-PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY			$(3,580,283)			$(1,064,757)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			2,490,469			754,875
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date			231,632			90,752
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(608,309)			(150,617)
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			156,238			38,107
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—
	Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY			—			—
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—
	Total Adjustment			$(1,310,253)			$(331,640)

Non-PEO NEO Average Total Compensation Amount

$ 1,889,298

1,298,087

1,020,880

1,388,110

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,557,658

1,018,139

803,582

2,236,770

Adjustment to Non-PEO NEO Compensation Footnote

(3)	The following table set forth on the next page outlines information concerning the calculation of the adjustment between the Summary Compensation and Compensation Actually Paid for each of the fiscal year ended December 31, 2023.

	2023
				PEO			Average non-PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY			$(3,580,283)			$(1,064,757)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			2,490,469			754,875
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date			231,632			90,752
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(608,309)			(150,617)
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			156,238			38,107
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—
	Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY			—			—
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—
	Total Adjustment			$(1,310,253)			$(331,640)

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Financial Performance Measures

The line graphs below compare (i) the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs with (ii) Total Shareholder Return and Peer Group Total Shareholder Return, (iii) our GAAP Net Income and (iv) Relative Stockholder Return, in each case for the fiscal years ended December 31, 2020, 2021, 2022 and 2023.

Reflects the Value of Initial Fixed $100 Investment Based On Total Shareholder Return and Peer Group Total Shareholder Return:

Compensation Actually Paid vs. Net Income

Relationship Between Financial Performance Measures

The line graphs below compare (i) the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs with (ii) Total Shareholder Return and Peer Group Total Shareholder Return, (iii) our GAAP Net Income and (iv) Relative Stockholder Return, in each case for the fiscal years ended December 31, 2020, 2021, 2022 and 2023.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between Financial Performance Measures

The line graphs below compare (i) the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs with (ii) Total Shareholder Return and Peer Group Total Shareholder Return, (iii) our GAAP Net Income and (iv) Relative Stockholder Return, in each case for the fiscal years ended December 31, 2020, 2021, 2022 and 2023.

Total Shareholder Return Vs Peer Group

Relationship Between Financial Performance Measures

The line graphs below compare (i) the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs with (ii) Total Shareholder Return and Peer Group Total Shareholder Return, (iii) our GAAP Net Income and (iv) Relative Stockholder Return, in each case for the fiscal years ended December 31, 2020, 2021, 2022 and 2023.

Reflects the Value of Initial Fixed $100 Investment Based On Total Shareholder Return and Peer Group Total Shareholder Return:

Tabular List, Table

Pay Versus Performance Tabular List for fiscal year ended December 31, 2023

We believe the following performance measures represent the most important financial performance measures used by us in 2023 to link compensation actually paid to our PEO and NEOs for fiscal year ended December 31, 2023:

•	Absolute Total Rate of Return to Stockholders; and

•	Relative Stockholder Return.

Total Shareholder Return Amount

$ 98.26

110.91

113.81

111.64

Peer Group Total Shareholder Return Amount

122.84

99.82

132.23

92.43

Net Income (Loss)

$ 95,462,000

$ 97,908,000

$ 85,745,000

$ 77,567,000

Company Selected Measure Amount

0.253

0.715

0.601

0.904

William H. Lenehan

William H. Lenehan

William H. Lenehan

William H. Lenehan

Percentage of Absolute Total Shareholder Return

(1.70%)

10.90%

13.80%

11.60%

Percentage of Award Opportunity for Performance Based Restricted Stock Awarded Comprised in Absolute TSR

50.00%

50.00%

50.00%

50.00%

Pay vs Performance Disclosure

Absolute Total Rate of Return to Stockholders

Pay vs Performance Disclosure

Relative Stockholder Return

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,310,253)

PEO | Amounts Reported Under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,580,283)

PEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Remain Unvested as of Applicable FY End, Determined as of Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,490,469

PEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Vested During Applicable FY, Determined as of Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

231,632

PEO | Awards Granted During Prior FY that were Outstanding and Unvested as of Applicable FY End, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(608,309)

PEO | Awards Granted During Prior FY that Vested During Applicable FY, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

156,238

PEO | ASC 718 Fair Value of Awards Granted During Prior FY that were Forfeited During Applicable FY, Determined as of Prior FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Dividends or Other Earnings Paid During Applicable FY Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Incremental Fair Value of Options/SARs Modified During Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in the Actuarial Present Values Reported Under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Service Cost and, if Applicable, Prior Service Cost for Pension Plans [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(331,640)

Non-PEO NEO | Amounts Reported Under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,064,757)

Non-PEO NEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Remain Unvested as of Applicable FY End, Determined as of Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

754,875

Non-PEO NEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Vested During Applicable FY, Determined as of Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

90,752

Non-PEO NEO | Awards Granted During Prior FY that were Outstanding and Unvested as of Applicable FY End, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(150,617)

Non-PEO NEO | Awards Granted During Prior FY that Vested During Applicable FY, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

38,107

Non-PEO NEO | ASC 718 Fair Value of Awards Granted During Prior FY that were Forfeited During Applicable FY, Determined as of Prior FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Dividends or Other Earnings Paid During Applicable FY Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Incremental Fair Value of Options/SARs Modified During Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in the Actuarial Present Values Reported Under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Service Cost and, if Applicable, Prior Service Cost for Pension Plans [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0