v3.25.4
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total Shareholders' Equity
Noncontrolling Interests
Beginning balance at Dec. 31, 2022 $ 367,129 $ 32 $ 710,497 $ (1,054) $ (338,934) $ 370,541 $ (3,412)
Net income (loss) 3,204       6,546 6,546 (3,342)
Other comprehensive income (loss) 1,664     1,664   1,664  
Dividends declared - common stock (48,058)       (48,058) (48,058)  
Issuance of shares of common stock associated with performance stock units net of shares withheld for tax (1,793)   (1,793)     (1,793)  
Distributions to noncontrolling interests (2,018)           (2,018)
Amortization of deferred compensation 7,343   7,343     7,343  
Compensation expense related to performance stock units 5,639   5,639     5,639  
Cancellation of shares of restricted common stock (1,391)   (1,391)     (1,391)  
Repurchases of common stock (1,109)   (1,109)     (1,109)  
Adjustment for noncontrolling interests     (61)     (61) 61
Contributions from noncontrolling interests 117           117
Redemption of Operating Partnership common units (110)           (110)
Ending balance at Dec. 31, 2023 330,617 32 719,125 610 (380,446) 339,321 (8,704)
Net income (loss) 57,117       58,970 58,970 (1,853)
Other comprehensive income (loss) 172     172   172  
Dividends declared - common stock (50,357)       (50,357) (50,357)  
Issuance of shares of common stock associated with performance stock units net of shares withheld for tax (769)   (769)     (769)  
Distributions to noncontrolling interests (140)           (140)
Amortization of deferred compensation 8,438   8,438     8,438  
Compensation expense related to performance stock units 6,490   6,490     6,490  
Cancellation of shares of restricted common stock (2,259)   (2,259)     (2,259)  
Repurchases of common stock (36,458) (1) (36,457)     (36,458)  
Adjustment for noncontrolling interests     (2)     (2) 2
Contributions from noncontrolling interests 13           13
Ending balance at Dec. 31, 2024 312,864 31 694,566 782 (371,833) 323,546 (10,682)
Net income (loss) 134,526       135,967 135,967 (1,441)
Other comprehensive income (loss) (339)     (339)   (339)  
Dividends declared - common stock (77,095)       (77,095) (77,095)  
Issuance of shares of common stock associated with performance stock units net of shares withheld for tax (2,548)   (2,548)     (2,548)  
Distributions to noncontrolling interests (191)           (191)
Amortization of deferred compensation 8,950   8,950     8,950  
Compensation expense related to performance stock units 7,799   7,799     7,799  
Cancellation of shares of restricted common stock (3,275)   (3,275)     (3,275)  
Repurchases of common stock (18,059) (1) (18,058)     (18,059)  
Adjustment for noncontrolling interests     (10)     (10) 10
Contributions from noncontrolling interests 2,042           2,042
Ending balance at Dec. 31, 2025 $ 364,674 $ 30 $ 687,424 $ 443 $ (312,961) $ 374,936 $ (10,262)