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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, 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        
Shares of Beneficial Interest:            
Issued 146   146      
Issued (in shares)   21        
Restricted stock-based compensation expense 780   780      
Dividends (39,794)       (39,794)  
Comprehensive income:            
Net income 15,400     15,400    
Unrealized net gain on cash flow hedges (4,699)         (4,699)
Subtotal - comprehensive income 10,701     15,400   (4,699)
Balance at Dec. 31, 2023 $ 200,934 $ 138 $ 270,398 $ 826,061 $ (902,975) $ 7,312
Balance, Shares at Dec. 31, 2023   13,824