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Condensed Consolidated Statements of Changes in Equity - USD ($)
$ 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, 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, net 117   117      
Issued, net (in shares)   20        
Restricted stock-based compensation expense 577   577      
Dividends (29,773)       (29,773)  
Comprehensive income:            
Net income 11,807     11,807    
Unrealized net gain/(loss) on cash flow hedges (1,521)         (1,521)
Subtotal - comprehensive income 10,286     11,807   (1,521)
Balance at Sep. 30, 2023 210,308 $ 138 270,166 822,468 (892,954) 10,490
Balance, Shares at Sep. 30, 2023   13,823        
Balance at Jun. 30, 2023 216,635 $ 138 269,923 818,596 (883,001) 10,979
Balance, Shares at Jun. 30, 2023   13,822        
Shares of Beneficial Interest:            
Issued, net 42   42      
Issued, net (in shares)   1        
Restricted stock-based compensation expense 201   201      
Dividends (9,953)       (9,953)  
Comprehensive income:            
Net income 3,872     3,872    
Unrealized net gain/(loss) on cash flow hedges (489)         (489)
Subtotal - comprehensive income 3,383     3,872   (489)
Balance at Sep. 30, 2023 210,308 $ 138 270,166 822,468 (892,954) 10,490
Balance, Shares at Sep. 30, 2023   13,823        
Balance at Dec. 31, 2023 200,934 $ 138 270,398 826,061 (902,975) 7,312
Balance, Shares at Dec. 31, 2023   13,824        
Shares of Beneficial Interest:            
Issued, net (180)   (180)      
Issued, net (in shares)   26        
Repurchased (27)   (27)      
Repurchased (in shares)   (1)        
Restricted stock-based compensation expense 635   635      
Dividends (30,241)       (30,241)  
Comprehensive income:            
Net income 14,573     14,573    
Unrealized net gain/(loss) on cash flow hedges (4,055)         (4,055)
Subtotal - comprehensive income 10,518     14,573   (4,055)
Balance at Sep. 30, 2024 181,639 $ 138 270,826 840,634 (933,216) 3,257
Balance, Shares at Sep. 30, 2024   13,849        
Balance at Jun. 30, 2024 190,701 $ 138 270,592 836,637 (923,107) 6,441
Balance, Shares at Jun. 30, 2024   13,849        
Shares of Beneficial Interest:            
Issued, net 27   27      
Repurchased (15)   (15)      
Restricted stock-based compensation expense 222   222      
Dividends (10,109)       (10,109)  
Comprehensive income:            
Net income 3,997     3,997    
Unrealized net gain/(loss) on cash flow hedges (3,184)         (3,184)
Subtotal - comprehensive income 813     3,997   (3,184)
Balance at Sep. 30, 2024 $ 181,639 $ 138 $ 270,826 $ 840,634 $ (933,216) $ 3,257
Balance, Shares at Sep. 30, 2024   13,849