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v3.25.1

Segments (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table presents Net Income for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (in thousands) |  |  |  |
REVENUES: |  |  |  |  |  |  |
Rental income | $ | 266,244 |  |  | $ | 274,890 |  |  |  |  |
Other property income | 4,600 |  |  | 3,691 |  |  |  |  |
Total revenues | 270,844 |  |  | 278,581 |  |  |  |  |
EXPENSES: |  |  |  |  |  |  |
Property expenses | 58,714 |  |  | 57,320 |  |  |  |  |
Real estate taxes | 28,365 |  |  | 29,239 |  |  |  |  |
Ground leases | 3,020 |  |  | 2,752 |  |  |  |  |
General and administrative expenses | 16,901 |  |  | 17,292 |  |  |  |  |
Leasing costs | 2,873 |  |  | 2,279 |  |  |  |  |
Depreciation and amortization | 87,119 |  |  | 88,031 |  |  |  |  |
Total expenses | 196,992 |  |  | 196,913 |  |  |  |  |
OTHER INCOME (EXPENSES): |  |  |  |  |  |  |
Interest income | 1,134 |  |  | 13,190 |  |  |  |  |
Interest expense | (31,148) |  |  | (38,871) |  |  |  |  |
Other income (expenses) | (157) |  |  | (287) |  |  |  |  |
Total other (expenses) income | (30,171) |  |  | (25,968) |  |  |  |  |
NET INCOME | $ | 43,681 |  |  | $ | 55,700 |  |  |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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