XML 118 R99.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT REPORTING - Schedule of Segment Revenue and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 841,842 $ 823,004 $ 801,996
Expenses:      
Real estate taxes 103,893 102,426 104,589
Total expenses 729,588 693,364 737,396
Other general and administrative expenses (52,558) (56,142) (54,860)
Impairment charges (66,201) (477) 0
Depreciation and amortization (393,335) (426,361) (469,805)
Merger and acquisition costs 0 0 (925)
Interest expense (125,691) (105,349) (104,276)
Equity in (loss) earnings of unconsolidated subsidiaries (1,158) 33 256
Gain on sale of unconsolidated property, net 2,325 0 0
Income tax expense of taxable REIT subsidiary (139) (533) (43)
Loss on extinguishment of debt (180) 0 0
Other income, net 17,869 1,991 240
(Loss) gain on sales of operating properties, net (864) 22,601 27,069
Net income (loss) 4,416 48,383 (12,154)
Net income attributable to noncontrolling interests (345) (885) (482)
Net income (loss) attributable to common shareholders 4,071 47,498 (12,636)
Net income (loss) attributable to common shareholders 4,071 47,498 (12,636)
Other property-related revenue      
Revenue:      
Revenue 10,631 8,492 11,108
Fee income      
Revenue:      
Revenue 4,663 4,366 8,539
Reportable Segment      
Revenue:      
Bad debt reserve (5,356) (3,459) (6,027)
Total revenue 835,335 816,562 791,105
Expenses:      
Property operating – recoverable 96,894 90,180 91,295
Property operating – non-recoverable 15,455 16,348 14,400
Real estate taxes 103,301 101,780 103,759
Total expenses 215,650 208,308 209,454
Operating income 619,685 608,254 581,651
Other general and administrative expenses (52,558) (56,142) (54,860)
Impairment charges (66,201) (477) 0
Depreciation and amortization (393,335) (426,361) (469,805)
Merger and acquisition costs 0 0 (925)
Interest expense (125,691) (105,349) (104,276)
Equity in (loss) earnings of unconsolidated subsidiaries (1,158) 33 256
Gain on sale of unconsolidated property, net 2,325 0 0
Income tax expense of taxable REIT subsidiary (139) (533) (43)
Loss on extinguishment of debt (180) 0 0
Other income, net 17,869 1,991 240
(Loss) gain on sales of operating properties, net (864) 22,601 27,069
Net income (loss) 4,416 48,383 (12,154)
Net income attributable to noncontrolling interests (345) (885) (482)
Net income (loss) attributable to common shareholders 4,071 47,498 (12,636)
Net income (loss) attributable to common shareholders 4,071 47,498 (12,636)
Reportable Segment | Minimum rent      
Revenue:      
Revenue 650,331 642,255 620,847
Reportable Segment | Tenant reimbursements      
Revenue:      
Revenue 174,510 163,877 161,594
Reportable Segment | Other property-related revenue      
Revenue:      
Revenue 8,787 6,416 8,756
Reportable Segment | Overage rent      
Revenue:      
Revenue 7,063 7,473 5,935
Reportable Segment | Fee income      
Revenue:      
Revenue $ 4,663 $ 4,366 $ 8,539