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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for PEO

($)
Compensation
Actually Paid
to PEO
(1)(4)
($)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs

($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(1)(4)
($)
Value of Initial
Fixed $100
Investment
Based On:
Net
Income
(Loss)
($ in 000’s)
Adjusted
FFO Per
Fully
Diluted
Share ($)
(3)
TSR
($)
Peer
Group

TSR(2)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2023
2,622,366 2,355,069 1,218,942 1,108,613 147 96 758 1.91
2022
2,423,711 2,347,865 1,500,597 1,435,406 142 92 (1,623) 1.83
2021
2,357,788 4,535,058 947,655 1,595,876 148 110 27,615 1.45
2020
1,864,910 1,618,412 639,514 441,669 94 81 78,509 1.86
(1)
Amounts represent “compensation actually paid” ​(as defined below) to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules, which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2023
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2022
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2021
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2020
John Albright
Steven Greathouse, Matthew Partridge, Mark Patten, Daniel Smith
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2023 Peer Group (see page 30 above), which was used for compensation benchmarking purposes for 2023 compensation as described above. In addition, for 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that the Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. The change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset base, market capitalization, total enterprise value, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2022 and 2023 is set forth in the sub-table below.
Year
Company
TSR
2022 Peer
Group TSR
2023 Peer
Group TSR
2020
94 83 81
2021
148 113 110
2022
142 94 92
2023
147 95 96
(3)
For calculations of AFFO per diluted share, see pages 48 – 50 of our Annual Report on Form 10-K filed with the SEC on February 22, 2024, which also includes a GAAP reconciliation of this non-GAAP measure.
(4)
“Compensation Actually Paid” ​(“CAP”) to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year (see page 40 above), adjusted as follows. As our NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2023
2022
2021
2020
Adjustments
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
Deduction for Amounts Reported under “Stock Awards” Column in the Summary Compensation table for Applicable Fiscal Year
(1,209,080) (499,164) (1,141,117) (734,921) (1,135,825) (382,239) (929,602) (328,875)
Increase based on ASC 718 Fair
Value of Awards Granted during
Applicable Fiscal Year that Remain
Unvested as of Applicable Fiscal
Year End, determined as of
Applicable Fiscal Year End
1,090,110 449,983 1,220,410 716,807 2,066,282 686,661 792,893 239,386
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year, determined as of Vesting Date
Increase/deduction for Awards
Granted during Prior Fiscal Year
that were Outstanding and
Unvested as of Applicable Fiscal
Year End, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Applicable
Fiscal Year End
(187,893) (75,917) (51,182) (17,031) 1,184,425 332,595 (143,285) (20,377)
Increase/deduction for Awards
Granted during Prior Fiscal Year
that Vested During Applicable
Fiscal Year, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Vesting
Date
39,566 14,769 (103,957) (30,046) 62,388 11,206 33,496 8,839
Deduction of ASC 718 Fair Value of
Awards Granted during Prior Fiscal
Year that were Forfeited during
Applicable Fiscal Year, determined
as of Prior Fiscal Year End
(96,818)
Increase based on Dividends or Other
Earnings Paid during Applicable
Fiscal Year prior to Vesting Date
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable Fiscal Year
TOTAL ADJUSTMENTS TO DETERMINE CAP
(267,297) (110,329) (75,846) (65,191) 2,177,270 648,222 (246,498) (197,845)
     
Company Selected Measure Name AFFO per diluted share      
Named Executive Officers, Footnote
Year
PEO
Non-PEO NEOs
2023
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2022
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2021
John Albright
Steven Greathouse, Matthew Partridge, Daniel Smith
2020
John Albright
Steven Greathouse, Matthew Partridge, Mark Patten, Daniel Smith
     
Peer Group Issuers, Footnote
(2)
Represents the cumulative TSR (the “Peer Group TSR”) of the 2023 Peer Group (see page 30 above), which was used for compensation benchmarking purposes for 2023 compensation as described above. In addition, for 2022, the peer group used for compensation benchmarking purposes consisted of the same companies as the 2023 Peer Group, except that the Cedar Realty Trust, Inc. was included for 2022 and was removed for 2023 and replaced with RPT Realty. The change was made by the Compensation Committee after reviewing the Company’s and the peer companies’ asset base, market capitalization, total enterprise value, and other factors. A comparison of the Company’s TSR and the Peer Group TSR for 2022 and 2023 is set forth in the sub-table below.
Year
Company
TSR
2022 Peer
Group TSR
2023 Peer
Group TSR
2020
94 83 81
2021
148 113 110
2022
142 94 92
2023
147 95 96
     
PEO Total Compensation Amount $ 2,622,366 $ 2,423,711 $ 2,357,788 $ 1,864,910
PEO Actually Paid Compensation Amount $ 2,355,069 2,347,865 4,535,058 1,618,412
Adjustment To PEO Compensation, Footnote
2023
2022
2021
2020
Adjustments
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
Deduction for Amounts Reported under “Stock Awards” Column in the Summary Compensation table for Applicable Fiscal Year
(1,209,080) (499,164) (1,141,117) (734,921) (1,135,825) (382,239) (929,602) (328,875)
Increase based on ASC 718 Fair
Value of Awards Granted during
Applicable Fiscal Year that Remain
Unvested as of Applicable Fiscal
Year End, determined as of
Applicable Fiscal Year End
1,090,110 449,983 1,220,410 716,807 2,066,282 686,661 792,893 239,386
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year, determined as of Vesting Date
Increase/deduction for Awards
Granted during Prior Fiscal Year
that were Outstanding and
Unvested as of Applicable Fiscal
Year End, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Applicable
Fiscal Year End
(187,893) (75,917) (51,182) (17,031) 1,184,425 332,595 (143,285) (20,377)
Increase/deduction for Awards
Granted during Prior Fiscal Year
that Vested During Applicable
Fiscal Year, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Vesting
Date
39,566 14,769 (103,957) (30,046) 62,388 11,206 33,496 8,839
Deduction of ASC 718 Fair Value of
Awards Granted during Prior Fiscal
Year that were Forfeited during
Applicable Fiscal Year, determined
as of Prior Fiscal Year End
(96,818)
Increase based on Dividends or Other
Earnings Paid during Applicable
Fiscal Year prior to Vesting Date
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable Fiscal Year
TOTAL ADJUSTMENTS TO DETERMINE CAP
(267,297) (110,329) (75,846) (65,191) 2,177,270 648,222 (246,498) (197,845)
     
Non-PEO NEO Average Total Compensation Amount $ 1,218,942 1,500,597 947,655 639,514
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,108,613 1,435,406 1,595,876 441,669
Adjustment to Non-PEO NEO Compensation Footnote
2023
2022
2021
2020
Adjustments
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
PEO
Average of
non-PEO
NEOs
Deduction for Amounts Reported under “Stock Awards” Column in the Summary Compensation table for Applicable Fiscal Year
(1,209,080) (499,164) (1,141,117) (734,921) (1,135,825) (382,239) (929,602) (328,875)
Increase based on ASC 718 Fair
Value of Awards Granted during
Applicable Fiscal Year that Remain
Unvested as of Applicable Fiscal
Year End, determined as of
Applicable Fiscal Year End
1,090,110 449,983 1,220,410 716,807 2,066,282 686,661 792,893 239,386
Increase based on ASC 718 Fair Value of Awards Granted during Applicable Fiscal Year that Vested during Applicable Fiscal Year, determined as of Vesting Date
Increase/deduction for Awards
Granted during Prior Fiscal Year
that were Outstanding and
Unvested as of Applicable Fiscal
Year End, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Applicable
Fiscal Year End
(187,893) (75,917) (51,182) (17,031) 1,184,425 332,595 (143,285) (20,377)
Increase/deduction for Awards
Granted during Prior Fiscal Year
that Vested During Applicable
Fiscal Year, determined based on
change in ASC 718 Fair Value from
Prior Fiscal Year End to Vesting
Date
39,566 14,769 (103,957) (30,046) 62,388 11,206 33,496 8,839
Deduction of ASC 718 Fair Value of
Awards Granted during Prior Fiscal
Year that were Forfeited during
Applicable Fiscal Year, determined
as of Prior Fiscal Year End
(96,818)
Increase based on Dividends or Other
Earnings Paid during Applicable
Fiscal Year prior to Vesting Date
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable Fiscal Year
TOTAL ADJUSTMENTS TO DETERMINE CAP
(267,297) (110,329) (75,846) (65,191) 2,177,270 648,222 (246,498) (197,845)
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_grouptsr-bw.jpg]
     
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-bw.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_dilutedshare-bw.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_grouptsr-bw.jpg]      
Tabular List, Table
Performance Measures
We believe the following performance measures represent the most important financial performance measures used by us to link our NEOs’ CAP for the fiscal year ended December 31, 2023:

Our TSR over a 3-year performance period versus the performance of the Index

Adjusted FFO per fully diluted share

Other income growth

Same-store leased occupancy change
     
Total Shareholder Return Amount $ 147 142 148 94
Peer Group Total Shareholder Return Amount 96 92 110 81
Net Income (Loss) $ 758,000 $ (1,623,000) $ 27,615,000 $ 78,509,000
Company Selected Measure Amount 1.91 1.83 1.45 1.86
PEO Name John Albright      
Peer Group Total Shareholder Return Amount for 2022 $ 95 $ 94 $ 113 $ 83
Peer Group Total Shareholder Return Amount for 2023 $ 96 92 110 81
Measure:: 1        
Pay vs Performance Disclosure        
Name Our TSR over a 3-year performance period versus the performance of the Index      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted FFO per fully diluted share      
Non-GAAP Measure Description
(3)
For calculations of AFFO per diluted share, see pages 48 – 50 of our Annual Report on Form 10-K filed with the SEC on February 22, 2024, which also includes a GAAP reconciliation of this non-GAAP measure.
     
Measure:: 3        
Pay vs Performance Disclosure        
Name Other income growth      
Measure:: 4        
Pay vs Performance Disclosure        
Name Same-store leased occupancy change      
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (267,297) (75,846) 2,177,270 (246,498)
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,209,080) (1,141,117) (1,135,825) (929,602)
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,090,110 1,220,410 2,066,282 792,893
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (187,893) (51,182) 1,184,425 (143,285)
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 39,566 (103,957) 62,388 33,496
PEO | Fair Value of Award Granted during Prior Fiscal Year that were Forfeited during Applicable Fiscal Year, determined as of Prior Fiscal Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Equity Awards Adjustments Increase based on Incremental Fair Value of Options/SARs Modified during Applicable Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (110,329) (65,191) 648,222 (197,845)
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (499,164) (734,921) (382,239) (328,875)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 449,983 716,807 686,661 239,386
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (75,917) (17,031) 332,595 (20,377)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 14,769 (30,046) 11,206 8,839
Non-PEO NEO | Fair Value of Award Granted during Prior Fiscal Year that were Forfeited during Applicable Fiscal Year, determined as of Prior Fiscal Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (96,818)
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments Increase based on Incremental Fair Value of Options/SARs Modified during Applicable Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount