XML 58 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Share/LTIP Unit Activity
The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2024:
 Number of
Restricted Shares
Weighted Average
Grant Date Fair
Value per Share
Restricted shares outstanding as of January 1, 2024337,077 $21.28 
Shares granted256,134 21.20 
Shares forfeited(32,117)21.11 
Shares vested(175,858)20.99 
Restricted shares outstanding as of December 31, 2024385,236 $21.37 
The following table summarizes the restricted share grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except share and per share data):
Number of
Restricted Shares Granted
Weighted Average
Grant Date Fair
Value per Share
Fair Value of
Restricted Shares Vested
2024256,134 $21.20 $3,736 
2023229,551 $21.45 $3,936 
2022206,855 $21.15 $4,459 
The following table summarizes the activity for the LTIP Units that were granted to the Company’s named executive officers for the year ended December 31, 2024:
 Number of
LTIP Units
Weighted Average
Grant Date Fair
Value per Unit
LTIP Units outstanding as of January 1, 2024402,870 $15.61 
LTIP Units granted194,136 16.99 
LTIP Units vested(186,297)15.26 
Restricted units outstanding as of December 31, 2024410,709 $16.43 
The following table summarizes the LTIP Unit grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except unit and per unit data):
Number of
LTIP Units Granted
Weighted Average
Grant Date Fair
Value per Unit
Fair Value of
LTIP Units Vested
2024194,136 $16.99 $4,270 
2023163,515 $17.45 $3,740 
2022138,505 $17.07 $3,173