XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.22.4

Members’/Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [Abstract] |
Cash Distributions Declared | The table below summarizes the following cash distributions declared to common shareholders and unitholders during the periods presented below:
Quarter Ended |  | Per Share/Unit Distribution(1) |  | Total Distribution
|  |  |  | (In millions)
2022 |  |  |  |
December 31, 2022 |  | $ | 0.34 |  |  | $ | 6.7 |
September 30, 2022 |  | $ | 0.31 |  |  | $ | 6.2 |
June 30, 2022 |  | $ | 0.31 |  |  | $ | 6.2 |
March 31, 2022 |  | $ | 0.31 |  |  | $ | 6.2 |
2021 |  |  |  |
December 31, 2021 |  | $ | 0.31 |  |  | $ | 6.2 |
September 30, 2021 |  | $ | 0.28 |  |  | $ | 5.5 |
June 30, 2021 |  | $ | — |  |  | $ | — |
March 31, 2021(2) |  | $ | 0.29 |  |  | $ | 8.8 |
2020 |  |  |  |
December 31, 2020 |  | $ | 0.30 |  |  | $ | 3.8 |
_____________________ (1)Per unit amounts for dividends declared before the Closing Date of the Merger have been effected by giving adjustment to the 1-for-12 reverse stock split and exchange ratio of 97.796467. (2)On February 4, 2021, the Board of Managers of REP LLC declared a $3.8 million cash dividend, paid on February 5, 2021. On March 4, 2021, the Board of Directors of the Company declared a cash dividend of $0.28 per share or $5.0 million total, paid on May 7, 2021.
Restricted Stock, Activity | The following table presents the Company's restricted stock activity during the year ended December 31, 2022 under the 2021 LTIP:
2021 Long-Term Incentive Plan
|  | Restricted Shares |  | Weighted Average Grant Date Fair Value(1)
Unvested at December 31, 2021 |  | 366,789 |  |  | $ | 19.41 |
Granted |  | 367,420 |  |  | $ | 17.63 |
Vested |  | (192,899) |  |  | $ | 19.25 |
Forfeited |  | (5,101) |  |  | $ | 23.46 |
Unvested at December 31, 2022 |  | 536,209 |  |  | $ | 18.39 |
_____________________________________________________ (1) For the three months ended December 31, 2021, the Company granted 174,575 restricted shares at a weighted average grant date fair value of $23.46. For the year ended September 30, 2021, the Company granted 397,739 restricted shares at a weighted average grant date fair value of $21.16.

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration