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CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
$0.001 Par Value Common Stock
Additional Paid-In Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Loss
Net Parent Investment
Noncontrolling interests
Balance - beginning of period at Dec. 31, 2022 $ 1,109,519 $ 1,107,776       $ (42,464) $ 1,150,240 $ 1,743
Net Lease Office Properties                
Net (loss) income 3,761 3,743         3,743 18
Net transfers from parent (17,375) (17,375)         (17,375)  
Contributions from noncontrolling interests 2,840             2,840
Other comprehensive income (loss)                
Foreign currency translation adjustments 131 131       131    
Unrealized gain on derivative instruments 0              
Balance - end of period at Mar. 31, 2023 1,098,876 1,094,275       (42,333) 1,136,608 4,601
Balance - beginning of period at Dec. 31, 2022 1,109,519 1,107,776       (42,464) $ 1,150,240 1,743
Balance - end of period at Dec. 31, 2023 $ 681,430 677,009 $ 15 $ 855,554 $ (142,960) (35,600)   4,421
Balance - end of period (in shares) at Dec. 31, 2023 14,620,919   14,620,919          
Net Lease Office Properties                
Net (loss) income $ (27,821) (27,842)     (27,842)     21
Shares issued 1 1   12 (11)      
Shares issued (in shares)     164,199          
Amortization of stock-based compensation expense 75 75   75        
Distributions to noncontrolling interests (60)             (60)
Other comprehensive income (loss)                
Foreign currency translation adjustments (2,230) (2,230)       (2,230)    
Unrealized gain on derivative instruments 212 212       212    
Balance - end of period at Mar. 31, 2024 $ 651,607 $ 647,225 $ 15 $ 855,641 $ (170,813) $ (37,618)   $ 4,382
Balance - end of period (in shares) at Mar. 31, 2024 14,620,919   14,785,118