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Note 10 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same store rental and other property revenue |  | $ | 150,573 |  |  | $ | 148,430 |  |  | $ | 445,542 |  |  | $ | 438,359 |
Non-same store rental and other property revenue |  |  | 16,315 |  |  |  | 11,430 |  |  |  | 44,142 |  |  |  | 39,937 |
Total reportable segments revenue |  |  | 166,888 |  |  |  | 159,860 |  |  |  | 489,684 |  |  |  | 478,296 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same store |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate taxes |  |  | 16,280 |  |  |  | 16,129 |  |  |  | 52,274 |  |  |  | 52,294 |
Property insurance |  |  | 3,107 |  |  |  | 3,713 |  |  |  | 10,203 |  |  |  | 11,455 |
Personnel expenses |  |  | 12,954 |  |  |  | 12,739 |  |  |  | 36,341 |  |  |  | 36,493 |
Utilities |  |  | 7,635 |  |  |  | 7,607 |  |  |  | 22,155 |  |  |  | 21,529 |
Repairs and maintenance |  |  | 5,393 |  |  |  | 6,023 |  |  |  | 15,238 |  |  |  | 16,632 |
Contract services |  |  | 5,788 |  |  |  | 5,616 |  |  |  | 17,113 |  |  |  | 16,136 |
Advertising expenses |  |  | 2,455 |  |  |  | 2,226 |  |  |  | 6,842 |  |  |  | 5,753 |
Other property operating expenses (1) |  |  | 1,571 |  |  |  | 1,537 |  |  |  | 4,755 |  |  |  | 4,717 |
Total same store operating expenses |  |  | 55,183 |  |  |  | 55,590 |  |  |  | 164,921 |  |  |  | 165,009 |
Non-same store |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total non-same store operating expenses |  |  | 6,516 |  |  |  | 4,948 |  |  |  | 16,976 |  |  |  | 16,384 |
Total reportable segments operating expenses |  |  | 61,699 |  |  |  | 60,538 |  |  |  | 181,897 |  |  |  | 181,393 |
Net Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same store NOI |  |  | 95,390 |  |  |  | 92,840 |  |  |  | 280,621 |  |  |  | 273,350 |
Non-same store NOI |  |  | 9,799 |  |  |  | 6,482 |  |  |  | 27,166 |  |  |  | 23,553 |
Total reportable segments NOI |  |  | 105,189 |  |  |  | 99,322 |  |  |  | 307,787 |  |  |  | 296,903 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other revenue |  |  | 250 |  |  |  | 275 |  |  |  | 885 |  |  |  | 776 |
Property management expenses |  |  | (7,891 | ) |  |  | (7,379 | ) |  |  | (23,433 | ) |  |  | (22,544 | )
General and administrative expenses |  |  | (4,905 | ) |  |  | (4,765 | ) |  |  | (19,293 | ) |  |  | (19,389 | )
Depreciation and amortization |  |  | (61,735 | ) |  |  | (55,261 | ) |  |  | (180,256 | ) |  |  | (163,112 | )
Casualty losses |  |  | (419 | ) |  |  | (1,249 | ) |  |  | (559 | ) |  |  | (4,015 | )
Interest expense |  |  | (20,455 | ) |  |  | (18,308 | ) |  |  | (58,575 | ) |  |  | (56,371 | )
(Loss on impairment) gain on sale of real estate assets, net |  |  | (12,841 | ) |  |  | 688 |  |  |  | (11,344 | ) |  |  | 11,066 |
(Loss) gain on extinguishment of debt |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | 203 |
Other loss |  |  | (12 | ) |  |  | — |  |  |  | (115 | ) |  |  | (1 | )
Income (loss) from investments in unconsolidated real estate entities |  |  | 9,814 |  |  |  | (703 | ) |  |  | 8,663 |  |  |  | (2,382 | )
Net income |  | $ | 6,995 |  |  | $ | 12,620 |  |  | $ | 23,693 |  |  | $ | 41,134 |

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