v3.25.4

Note 11 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

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

			For the Year Ended December 31,
		2025				2024				2023
Revenue:
Same-store(1) rental and other property revenue		$	595,601			$	585,431			$	585,277
Non same-store(1) rental and other property revenue			60,880				53,482				74,564
Total reportable segments revenue			656,481				638,913				659,841
Other income			1,215				1,122				1,142
Total consolidated revenue		$	657,696			$	640,035			$	660,983
Operating Expenses:
Same-store
Real estate taxes			67,926				68,534				72,518
Property insurance			13,323				15,174				14,618
Personnel expenses			47,460				48,068				45,592
Utilities			29,720				28,923				28,296
Repairs and maintenance			18,836				18,872				20,122
Contract services			22,927				21,276				21,584
Advertising expenses			9,079				7,380				6,342
Other property operating expenses (2)			6,279				6,209				6,625
Total same-store operating expenses			215,550				214,436				215,697
Non same-store
Total non same-store operating expenses			23,607				21,152				28,633
Total reportable segments operating expenses			239,157				235,588				244,330
Net Operating Income:
Same-store NOI			380,051				370,995				369,580
Non same-store NOI			37,273				32,330				45,931
Total reportable segments NOI			417,324				403,325				415,511
Adjustments:
Other revenue			1,215				1,122				1,142
Property management expenses			(30,107	)			(29,923	)			(27,081	)
General and administrative expenses			(23,966	)			(24,245	)			(22,766	)
Depreciation and amortization			(243,241	)			(220,854	)			(218,968	)
Casualty losses			(1,314	)			(3,935	)			(925	)
Interest expense			(78,998	)			(76,141	)			(89,921	)
Gain on sale (loss on impairment) of real estate assets, net			6,147				(9,862	)			(66,547	)
(Loss) gain on extinguishment of debt			(67	)			200				(124	)
Other loss			(352	)			(1	)			(427	)
Income (loss) from investments in unconsolidated real estate entities			11,066				347				(4,488	)
Restructuring costs			—				—				(3,213	)
Net income (loss)		$	57,707			$	40,033			$	(17,807	)

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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