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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for PEO

($)
Compensation
Actually Paid
to PEO
(1)(4)
($)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs

($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(1)(4)
($)
Value of Initial
Fixed $100
Investment
Based On:
Net Income
(Loss)
Attributable
to Common
Stockholders
($ in 000’s)
Adjusted
FFO Per
Fully
Diluted
Share
(3)
($)
TSR
($)
Peer
Group

TSR(2)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2024
3,047,109 4,181,015 942,183 825,555 181 99 8,779 2.00
2023
2,622,366 2,355,069 1,218,942 1,108,613 147 96 758 1.91
2022
2,423,711 2,347,865 1,500,597 1,435,406 142 92 (1,623) 1.83
2021
2,357,788 4,535,058 947,655 1,595,876 148 110 27,615 1.45
2020
1,864,910 1,618,412 639,514 441,669 94 81 78,509 1.86
(1)
Amounts represent “compensation actually paid” ​(as defined below) to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2024 John Albright Steven Greathouse, Philip Mays, Matthew Partridge, Daniel Smith, Lisa Vorakoun
2023 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2022 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2021 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2020 John Albright Steven Greathouse, Matthew Partridge, Mark Patten, Daniel Smith
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2024 Peer Group (see page 33 above), which was used for compensation benchmarking purposes for 2024 compensation as described above. The 2024 Peer Group consisted of the same companies as the 2023 Peer Group. In addition, for 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that the Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. The change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset base, market capitalization, total enterprise value, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2022 and 2023 is set forth in the sub-table below.
Value of Initial Fixed $100 Investment
Based On:
Year
Company
TSR
($)
2022 Peer
Group TSR

($)
2023 Peer
Group TSR

($)
2020
94 83 81
2021
148 113 110
2022
142 94 92
2023
147 95 96
2024
181 99 99
 
(3)
For calculations of AFFO per diluted share, see pages 49 – 51 of our Annual Report on Form 10-K filed with the SEC on February 20, 2025, which also includes a GAAP reconciliation of this non-GAAP measure.
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 44 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation “Actually
Paid” for PEO
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
(1,172,927) (1,209,080) (1,141,117) (1,135,825) (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end
1,709,493 1,090,110 1,220,410 2,066,282 792,893
Increase/deduction for Change in Fair
Value from prior Year-end to current
Year-end of Awards Granted Prior to year
that were Outstanding and Unvested as
of Year-end
626,117 (187,893) (51,182) 1,184,425 (143,285)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
(28,777) 39,566 (103,957) 62,388 33,496
Total Adjustments
1,133,906 (267,297) (75,846) 2,177,270 (246,498)
Adjustments to Determine Compensation “Actually Paid”
for Non-PEOs (Average)
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock
Awards” Column in the SCT
(321,332) (499,164) (734,921) (382,239) (328,875)
Increase for Fair Value of Awards Granted during
year that Remain Unvested as of Year end
315,837 449,983 716,807 686,661 239,386
Increase/deduction for Change in Fair Value from
prior Year-end to current Year-end of Awards
Granted Prior to year that were Outstanding
and Unvested as of Year-end
116,020 (75,917) (17,214) 332,595 (20,377)
Increase/deduction for Change in Fair Value from
Prior Year-end to Vesting Date of Awards
Granted Prior to year that Vested during year
(6,978) 14,769 (30,046) 11,206 8,839
Deduction for the Fair Value of Awards forfeited during year
(220,175) (96,818)
Total Adjustments
(116,628) (110,329) (65,374) 648,223 (197,845)
In addition, because Mr. Partridge was an NEO during a portion of 2024, the calculation above of “Average Compensation Actually Paid to non-PEO NEOs” for 2024 includes amounts paid to Mr. Partridge for such year. If Mr. Partridge’s 2024 compensation had not been included in such calculation for 2024, the “Average Summary Compensation Table Total for Non-PEO NEOs” and “Average Compensation Actually Paid to Non-PEOP NEOs” for 2024 would have been $1,023,393 and $1,281,073, respectively.
       
Company Selected Measure Name Adjusted FFO Per Fully Diluted Share        
Named Executive Officers, Footnote
Year
PEO
Non-PEO NEOs
2024 John Albright Steven Greathouse, Philip Mays, Matthew Partridge, Daniel Smith, Lisa Vorakoun
2023 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2022 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2021 John Albright Steven Greathouse, Matthew Partridge, Daniel Smith
2020 John Albright Steven Greathouse, Matthew Partridge, Mark Patten, Daniel Smith
       
Peer Group Issuers, Footnote
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2024 Peer Group (see page 33 above), which was used for compensation benchmarking purposes for 2024 compensation as described above. The 2024 Peer Group consisted of the same companies as the 2023 Peer Group. In addition, for 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that the Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. The change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset base, market capitalization, total enterprise value, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2022 and 2023 is set forth in the sub-table below.
Value of Initial Fixed $100 Investment
Based On:
Year
Company
TSR
($)
2022 Peer
Group TSR

($)
2023 Peer
Group TSR

($)
2020
94 83 81
2021
148 113 110
2022
142 94 92
2023
147 95 96
2024
181 99 99
       
PEO Total Compensation Amount $ 3,047,109 $ 2,622,366 $ 2,423,711 $ 2,357,788 $ 1,864,910
PEO Actually Paid Compensation Amount $ 4,181,015 2,355,069 2,347,865 4,535,058 1,618,412
Adjustment To PEO Compensation, Footnote
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 44 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation “Actually
Paid” for PEO
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
(1,172,927) (1,209,080) (1,141,117) (1,135,825) (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end
1,709,493 1,090,110 1,220,410 2,066,282 792,893
Increase/deduction for Change in Fair
Value from prior Year-end to current
Year-end of Awards Granted Prior to year
that were Outstanding and Unvested as
of Year-end
626,117 (187,893) (51,182) 1,184,425 (143,285)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
(28,777) 39,566 (103,957) 62,388 33,496
Total Adjustments
1,133,906 (267,297) (75,846) 2,177,270 (246,498)
       
Non-PEO NEO Average Total Compensation Amount $ 942,183 1,218,942 1,500,597 947,655 639,514
Non-PEO NEO Average Compensation Actually Paid Amount $ 825,555 1,108,613 1,435,406 1,595,876 441,669
Adjustment to Non-PEO NEO Compensation Footnote
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 44 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation “Actually Paid”
for Non-PEOs (Average)
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock
Awards” Column in the SCT
(321,332) (499,164) (734,921) (382,239) (328,875)
Increase for Fair Value of Awards Granted during
year that Remain Unvested as of Year end
315,837 449,983 716,807 686,661 239,386
Increase/deduction for Change in Fair Value from
prior Year-end to current Year-end of Awards
Granted Prior to year that were Outstanding
and Unvested as of Year-end
116,020 (75,917) (17,214) 332,595 (20,377)
Increase/deduction for Change in Fair Value from
Prior Year-end to Vesting Date of Awards
Granted Prior to year that Vested during year
(6,978) 14,769 (30,046) 11,206 8,839
Deduction for the Fair Value of Awards forfeited during year
(220,175) (96,818)
Total Adjustments
(116,628) (110,329) (65,374) 648,223 (197,845)
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsrandpeergrouptsr-bwlr.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincomeloss-bwlr.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_adjustedffo-bwlr.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsrandpeergrouptsr-bwlr.jpg]        
Tabular List, Table
Performance Measures
We believe the following performance measures represent the most important financial performance measures used by us to link our NEOs’ CAP for the fiscal year ended December 31, 2024:

Our TSR over a 3-year performance period versus the performance of the Index

Adjusted FFO per fully diluted share

Other income growth

Same-store leased occupancy change
       
Total Shareholder Return Amount $ 181 147 142 148 94
Peer Group Total Shareholder Return Amount 99 96 92 110 81
Net Income (Loss) $ 8,779,000 $ 758,000 $ (1,623,000) $ 27,615,000 $ 78,509,000
Company Selected Measure Amount 2 1.91 1.83 1.45 1.86
PEO Name John Albright        
Equity Awards Adjustments, Footnote
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 44 above), adjusted as set forth in the sub-table below. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
Adjustments to Determine Compensation “Actually
Paid” for PEO
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the
“Stock Awards” Column in the SCT
(1,172,927) (1,209,080) (1,141,117) (1,135,825) (929,602)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end
1,709,493 1,090,110 1,220,410 2,066,282 792,893
Increase/deduction for Change in Fair
Value from prior Year-end to current
Year-end of Awards Granted Prior to year
that were Outstanding and Unvested as
of Year-end
626,117 (187,893) (51,182) 1,184,425 (143,285)
Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year
(28,777) 39,566 (103,957) 62,388 33,496
Total Adjustments
1,133,906 (267,297) (75,846) 2,177,270 (246,498)
Adjustments to Determine Compensation “Actually Paid”
for Non-PEOs (Average)
2024
2023
2022
2021
2020
Deduction for Amounts Reported under the “Stock
Awards” Column in the SCT
(321,332) (499,164) (734,921) (382,239) (328,875)
Increase for Fair Value of Awards Granted during
year that Remain Unvested as of Year end
315,837 449,983 716,807 686,661 239,386
Increase/deduction for Change in Fair Value from
prior Year-end to current Year-end of Awards
Granted Prior to year that were Outstanding
and Unvested as of Year-end
116,020 (75,917) (17,214) 332,595 (20,377)
Increase/deduction for Change in Fair Value from
Prior Year-end to Vesting Date of Awards
Granted Prior to year that Vested during year
(6,978) 14,769 (30,046) 11,206 8,839
Deduction for the Fair Value of Awards forfeited during year
(220,175) (96,818)
Total Adjustments
(116,628) (110,329) (65,374) 648,223 (197,845)
       
Peer Group Total Shareholder Return Amount for 2022 $ 99 $ 95 $ 94 $ 113 $ 83
Peer Group Total Shareholder Return Amount for 2023 99 96 92 110 81
Non-PEO NEO Average Total Compensation Amount, excluding Mr. Patridge's Compensation 1,023,393        
Non-PEO NEO Average Compensation Actually Paid Amount, excluding Mr. Patridge's Compensation $ 1,281,073        
Measure:: 1          
Pay vs Performance Disclosure          
Name Our TSR over a 3-year performance period versus the performance of the Index        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted FFO per fully diluted share        
Non-GAAP Measure Description
(3)
For calculations of AFFO per diluted share, see pages 49 – 51 of our Annual Report on Form 10-K filed with the SEC on February 20, 2025, which also includes a GAAP reconciliation of this non-GAAP measure.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Other income growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Same-store leased occupancy change        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,133,906 (267,297) (75,846) 2,177,270 (246,498)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,172,927) (1,209,080) (1,141,117) (1,135,825) (929,602)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,709,493 1,090,110 1,220,410 2,066,282 792,893
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 626,117 (187,893) (51,182) 1,184,425 (143,285)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (28,777) 39,566 (103,957) 62,388 33,496
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (116,628) (110,329) (65,374) 648,223 (197,845)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (321,332) (499,164) (734,921) (382,239) (328,875)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 315,837 449,983 716,807 686,661 239,386
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 116,020 (75,917) (17,214) 332,595 (20,377)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,978) 14,769 (30,046) 11,206 8,839
Non-PEO NEO | Equity Awards Adjustments, Change In Fair Value Of Awards Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (220,175) $ (96,818)