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Note 10 - Segment Reporting (Tables)

9 Months Ended

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

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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