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Condensed 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 net income
Cumulative dividends
Accumulated other comprehensive income/(loss)
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 (146)   (146)        
Issued (in shares)   1          
Restricted stock-based compensation expense 202   202        
Dividends (10,023)         (10,023)  
Comprehensive income:              
Net income 5,300     5,300      
Unrealized net gain/(loss) on cash flow hedges 191           191
Subtotal - comprehensive income 5,491       $ 5,300   191
Balance at Mar. 31, 2024 196,458 $ 138 270,454 831,361   (912,998) 7,503
Balance, Shares at Mar. 31, 2024   13,825          
Balance at Dec. 31, 2024 179,541 $ 138 271,092 845,295   (943,396) 6,412
Balance, Shares at Dec. 31, 2024   13,851          
Shares of Beneficial Interest:              
Issued 35   35        
Restricted stock-based compensation expense 213   213        
Dividends (10,180)         (10,180)  
Comprehensive income:              
Net income 4,777     4,777      
Unrealized net gain/(loss) on cash flow hedges (2,220)           (2,220)
Subtotal - comprehensive income 2,557       $ 4,777   (2,220)
Balance at Mar. 31, 2025 $ 172,166 $ 138 $ 271,340 $ 850,072   $ (953,576) $ 4,192
Balance, Shares at Mar. 31, 2025   13,851