v3.25.4
Note 5 - Indebtedness - Schedule of Long-Term Debt (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Long-Term Debt, Gross $ 2,271,023 $ 2,310,907
Debt Instrument, Unamortized Debt Issuance Costs (11,398) (8,945)
Debt Instrument, Unamortized Discount (Premium) 21,850 31,721
Debt Instrument, Carrying Amount 2,281,475 2,333,683
Mortgages [Member]    
Long-Term Debt, Gross 739,596 780,794 [1]
Debt Instrument, Unamortized Debt Issuance Costs (2,741) (3,175) [1]
Debt Instrument, Unamortized Discount (Premium) 9,693 14,687 [1]
Debt Instrument, Carrying Amount 746,548 792,306 [1]
Unsecured Debt [Member]    
Long-Term Debt, Gross 150,000 150,000
Debt Instrument, Unamortized Debt Issuance Costs (1,455) (1,512)
Debt Instrument, Unamortized Discount (Premium) 0 0
Debt Instrument, Carrying Amount $ 148,545 $ 148,488
Weighted Average [Member]    
Debt Instrument, Interest Rate, Stated Percentage 4.30%  
Debt Instrument, Weighted Average Effective Rate 4.30% 4.30% [2]
Debt Instrument, Term (Year) 3 years 3 years 9 months 18 days
Total Debt [3]   4.60%
Weighted Average [Member] | Mortgages [Member]    
Debt Instrument, Interest Rate, Stated Percentage [1] 3.90% 3.80% [3]
Debt Instrument, Weighted Average Effective Rate 4.00% [3] 4.00% [1],[2]
Debt Instrument, Term (Year) 3 years 3 months 18 days 3 years 8 months 12 days [1]
Weighted Average [Member] | Unsecured Debt [Member]    
Debt Instrument, Interest Rate, Stated Percentage 5.40% [1] 5.40% [3]
Debt Instrument, Weighted Average Effective Rate 5.60% [3] 5.60% [2]
Debt Instrument, Term (Year) 7 years 3 months 18 days 8 years 3 months 18 days
Unsecured Revolver [Member]    
Long-Term Debt, Gross [4] $ 198,892 $ 194,478
Debt Instrument, Unamortized Debt Issuance Costs [4] (4,535) (526)
Debt Instrument, Unamortized Discount (Premium) [4] 0 0
Debt Instrument, Carrying Amount [4] $ 194,357 $ 193,952
Unsecured Revolver [Member] | Weighted Average [Member]    
Debt Instrument, Interest Rate, Stated Percentage [4] 4.50% [1] 5.50% [3]
Debt Instrument, Weighted Average Effective Rate [4] 4.80% [3] 4.80% [2]
Debt Instrument, Term (Year) [4] 3 years 4 years
Unsecured Term Loans [Member]    
Long-Term Debt, Gross $ 600,000 $ 600,000
Debt Instrument, Unamortized Debt Issuance Costs (1,142) (1,831)
Debt Instrument, Unamortized Discount (Premium) 0 0
Debt Instrument, Carrying Amount $ 598,858 $ 598,169
Unsecured Term Loans [Member] | Weighted Average [Member]    
Debt Instrument, Interest Rate, Stated Percentage 4.60% [1] 5.60% [3]
Debt Instrument, Weighted Average Effective Rate 4.00% [3] 4.00% [2]
Debt Instrument, Term (Year) 1 year 6 months 2 years 6 months
Secured Credit Facilities [Member]    
Long-Term Debt, Gross $ 582,535 $ 585,635
Debt Instrument, Unamortized Debt Issuance Costs (1,525) (1,901)
Debt Instrument, Unamortized Discount (Premium) 12,157 17,034
Debt Instrument, Carrying Amount $ 593,167 $ 600,768
Secured Credit Facilities [Member] | Weighted Average [Member]    
Debt Instrument, Interest Rate, Stated Percentage 4.20% [1] 4.20% [3]
Debt Instrument, Weighted Average Effective Rate 4.40% [3] 4.40% [2]
Debt Instrument, Term (Year) 2 years 10 months 24 days 3 years 10 months 24 days
[1] Includes indebtedness secured by real estate held for sale of $59,032.
[2] Represents the total weighted average effective interest rate for the three months ended December 31, 2024, including the impact of interest expense including the impact of interest rate swaps and collars, the amortization of hedging costs, and deferring financing costs, but excluding the impact of loan premium amortization, discount accretion, and interest capitalization.
[3] Represents the weighted average of the contractual interest rates in effect as of year-end December 31, 2024 without regard to any interest rate swaps or collars.
[4] The unsecured revolver total capacity was $500,000, of which $194,478 was outstanding as of December 31, 2024.