XML 64 R52.htm IDEA: XBRL DOCUMENT v3.25.2
Note 10 - Segment Reporting - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 162,188   $ 158,402   $ 323,431 $ 318,937
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)
Gains (Losses) on Sales of Investment Real Estate 0   (152)   1,496 10,378
(Loss) gain on extinguishment of debt 0   0   (67) 203
Other loss 0   0   (103) (1)
Loss from investments in unconsolidated real estate entities (562)   (850)   (1,151) (1,679)
Net income 8,172 $ 8,526 10,555 $ 17,961 16,698 28,515
Operating Segments [Member]            
Revenue 161,891   158,104   322,796 318,436
Operating Expenses 60,935   60,883   120,198 120,854
Net Operating Income 100,956   97,221   202,598 197,582
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)
Interest expense (18,773)   (17,460)   (38,121) (38,063)
Gains (Losses) on Sales of Investment Real Estate 0   (152)   1,496 10,378
(Loss) gain on extinguishment of debt 0   0   (67) 203
Net income 8,172   10,555   16,698 28,515
Same Store [Member] | Operating Segments [Member]            
Revenue 148,113   146,609   294,969 289,929
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] 1,620   1,584   3,184 3,180
Operating Expenses 55,646   55,991   109,738 109,420
Net Operating Income 92,467   90,618   185,231 180,509
Non-same Store [Member] | Operating Segments [Member]            
Revenue 13,778   11,495   27,827 28,507
Operating Expenses 5,289   4,892   10,460 11,434
Net Operating Income $ 8,489   $ 6,603   $ 17,367 $ 17,073
[1] Other property operating expenses includes property office, administrative and legal costs.