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Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents Net Income for the three and six months June 30, 2025 and 2024:

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
			(in thousands)
REVENUES:
Rental income			$	285,071					$	275,919					$	551,315					$	550,809
Other property income			4,821						4,812						9,421						8,503
Total revenues			289,892						280,731						560,736						559,312
EXPENSES:
Property expenses			58,575						59,279						117,289						116,599
Real estate taxes			26,765						29,009						55,130						58,248
Ground leases			3,019						2,996						6,039						5,748
General and administrative expenses			18,475						18,824						35,376						36,116
Leasing costs			2,277						2,119						5,150						4,398
Depreciation and amortization			87,625						87,151						174,744						175,182
Total expenses			196,736						199,378						393,728						396,291
OTHER INCOME (EXPENSES):
Interest income			512						10,084						1,646						23,274
Interest expense			(30,844)						(36,763)						(61,992)						(75,634)
Other income (expense)			190						(127)						33						(414)
Gain on sale of depreciable operating property			16,554						—						16,554						—
Total other expenses			(13,588)						(26,806)						(43,759)						(52,774)
NET INCOME			$	79,568					$	54,547					$	123,249					$	110,247

X

- 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

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- References

No definition available.

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