XML 41 R29.htm IDEA: XBRL DOCUMENT v3.25.2

Note 10 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2025				2024				2025				2024
Revenue:
Same store rental and other property revenue		$	148,113			$	146,609			$	294,969			$	289,929
Non-same store rental and other property revenue			13,778				11,495				27,827				28,507
Total reportable segments revenue			161,891				158,104				322,796				318,436
Operating Expenses:
Same store
Real estate taxes			17,655				17,887				35,994				36,166
Property insurance			3,381				3,808				7,096				7,742
Personnel expenses			11,891				12,172				23,387				23,754
Utilities			7,063				6,843				14,520				13,922
Repairs and maintenance			5,659				6,065				9,845				10,609
Contract services			5,825				5,643				11,325				10,520
Advertising expenses			2,552				1,989				4,387				3,527
Other property operating expenses (1)			1,620				1,584				3,184				3,180
Total same store operating expenses			55,646				55,991				109,738				109,420
Non-same store
Total non-same store operating expenses			5,289				4,892				10,460				11,434
Total reportable segments operating expenses			60,935				60,883				120,198				120,854
Net Operating Income:
Same store NOI			92,467				90,618				185,231				180,509
Non-same store NOI			8,489				6,603				17,367				17,073
Total reportable segments NOI			100,956				97,221				202,598				197,582
Adjustments:
Other revenue			297				298				635				501
Property management expenses			(7,715	)			(7,666	)			(15,541	)			(15,165	)
General and administrative expenses			(5,982	)			(6,244	)			(14,388	)			(14,624	)
Depreciation and amortization			(59,794	)			(54,127	)			(118,521	)			(107,850	)
Casualty losses			(255	)			(465	)			(139	)			(2,767	)
Interest expense			(18,773	)			(17,460	)			(38,121	)			(38,063	)
(Loss on impairment) gain on sale of real estate assets, net			—				(152	)			1,496				10,378
(Loss) gain on extinguishment of debt			—				—				(67	)			203
Other loss			—				—				(103	)			(1	)
Loss from investments in unconsolidated real estate entities			(562	)			(850	)			(1,151	)			(1,679	)
Net income		$	8,172			$	10,555			$	16,698			$	28,515

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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration