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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Capital in excess of par value
Cumulative net income
Cumulative dividends
Accumulated other comprehensive income/(loss)
Balance at Dec. 31, 2019 $ 181,734 $ 138 $ 266,723 $ 661,280 $ (747,417) $ 1,010
Balance, Shares at Dec. 31, 2019   13,757        
Shares of Beneficial Interest:            
Issued (32)   (32)      
Issued (in shares)   16        
Repurchased (235)   (235)      
Repurchased (in shares)   (2)        
Restricted stock-based compensation expense 912   912      
Dividends (37,996)       (37,996)  
Comprehensive income:            
Net income 19,447     19,447    
Unrealized net gain on cash flow hedges (4,825)         (4,825)
Subtotal - comprehensive income 14,622     19,447   (4,825)
Balance at Dec. 31, 2020 159,005 $ 138 267,368 680,727 (785,413) (3,815)
Balance, Shares at Dec. 31, 2020   13,771        
Shares of Beneficial Interest:            
Issued 216   216      
Issued (in shares)   14        
Repurchased (16)   (16)      
Restricted stock-based compensation expense 947   947      
Dividends (38,585)       (38,585)  
Comprehensive income:            
Net income 109,166     109,166    
Net income/(loss) applicable to noncontrolling interest (334)     (334)    
Unrealized net gain on cash flow hedges 4,928         4,928
Subtotal - comprehensive income 113,760     108,832   4,928
Balance at Dec. 31, 2021 235,327 $ 138 268,515 789,559 (823,998) 1,113
Balance, Shares at Dec. 31, 2021   13,785        
Shares of Beneficial Interest:            
Issued 177   177      
Issued (in shares)   18        
Restricted stock-based compensation expense 780   780      
Dividends (39,183)       (39,183)  
Comprehensive income:            
Net income 21,102     21,102    
Unrealized net gain on cash flow hedges 10,898         10,898
Subtotal - comprehensive income 32,000     21,102   10,898
Balance at Dec. 31, 2022 $ 229,101 $ 138 $ 269,472 $ 810,661 $ (863,181) $ 12,011
Balance, Shares at Dec. 31, 2022   13,803