XML 65 R52.htm IDEA: XBRL DOCUMENT v3.25.3
Note 10 - Segment Reporting - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 167,138     $ 160,135     $ 490,569 $ 479,072
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)
Gains (Losses) on Sales of Investment Real Estate (12,841)     688     (11,344) 11,066
(Loss) gain on extinguishment of debt 0     0     (67) 203
Other loss (12)     0     (115) (1)
Income (loss) from investments in unconsolidated real estate entities 9,814     (703)     8,663 (2,382)
Net income 6,995 $ 8,172 $ 8,526 12,620 $ 10,555 $ 17,961 23,693 41,134
Operating Segments [Member]                
Revenue 166,888     159,860     489,684 478,296
Operating Expenses 61,699     60,538     181,897 181,393
Net Operating Income 105,189     99,322     307,787 296,903
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)
Gains (Losses) on Sales of Investment Real Estate (12,841)     688     (11,344) 11,066
(Loss) gain on extinguishment of debt 0     0     (67) 203
Other loss (12)     0     (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
Same Store [Member] | Operating Segments [Member]                
Revenue 150,573     148,430     445,542 438,359
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
Operating Expenses 55,183     55,590     164,921 165,009
Net Operating Income 95,390     92,840     280,621 273,350
Non-same Store [Member] | Operating Segments [Member]                
Revenue 16,315     11,430     44,142 39,937
Operating Expenses 6,516     4,948     16,976 16,384
Net Operating Income $ 9,799     $ 6,482     $ 27,166 $ 23,553
[1] Other property operating expenses includes property office, administrative and legal costs.