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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Parent
Common Stock
Capital in Excess of Par Value
Cumulative Net Income
Accumulated OCI
Cumulative Distributions
Non-controlling Interests
Total
Balance at beginning of period at Dec. 31, 2023 $ 881,279 $ 430 $ 991,656 $ 1,634,395 $ 6,110 $ (1,751,312) $ 34,988 $ 916,267
Balance (in shares) at Dec. 31, 2023   43,022            
Equity activity                
Issuance of common stock 4,337 $ 1 4,336         4,337
Issuance of common stock (in shares)   139            
Issuance of restricted stock   $ 2 (2)          
Issuance of restricted stock (in shares)   160            
Net income 24,230     24,230     459 24,689
Stock-based compensation expense 2,202   2,202         2,202
Non-controlling interest distributions             (2,904) (2,904)
Non-controlling interests contributions             50 50
Common stock cash distributions (24,616)         (24,616)   (24,616)
Cash paid for taxes in lieu of common shares (1,532)   (1,532)         (1,532)
Cash paid for taxes in lieu of common shares (in shares)   (50)            
Fair market valuation adjustment for interest rate swap 378       378     378
Other (29)   (29)         (29)
Balance at end of period at Mar. 31, 2024 886,249 $ 433 996,631 1,658,625 6,488 (1,775,928) 32,593 918,842
Balance (in shares) at Mar. 31, 2024   43,271            
Balance at beginning of period at Dec. 31, 2024 960,627 $ 455 1,082,764 1,725,435 3,815 (1,851,842) 92,378 1,053,005
Balance (in shares) at Dec. 31, 2024   45,511            
Equity activity                
Issuance of common stock 8,411 $ 2 8,409         8,411
Issuance of common stock (in shares)   238            
Issuance of restricted stock   $ 1 (1)          
Issuance of restricted stock (in shares)   114            
Net income 20,680     20,680     1,541 22,221
Stock-based compensation expense 2,253   2,253         2,253
Vesting of performance-based stock units   $ 2 (2)          
Vesting of performance-based stock units (in shares)   163            
Non-controlling interest distributions             (2,486) (2,486)
Acquisitions of and distributions paid to non-controlling interests 2,883   2,883       (4,033) (1,150)
Common stock cash distributions (27,259)         (27,259)   (27,259)
Cash paid for taxes in lieu of common shares (4,772) $ (1) (4,771)         (4,772)
Cash paid for taxes in lieu of common shares (in shares)   (138)            
Fair market valuation adjustment for interest rate swap (910)       (910)     (910)
Other (11)   (11)         (11)
Balance at end of period at Mar. 31, 2025 $ 961,902 $ 459 $ 1,091,524 $ 1,746,115 $ 2,905 $ (1,879,101) $ 87,400 $ 1,049,302
Balance (in shares) at Mar. 31, 2025   45,888