v3.25.4
Note 11 - Segment Reporting - Schedule of Segment Information (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other property revenue (2)                     $ 656,481,000 $ 638,913,000 $ 659,841,000
Other revenue                     1,215,000 1,122,000 1,142,000
Total revenue $ 167,127,000 $ 167,138,000 $ 162,188,000 $ 161,243,000 $ 160,963,000 $ 160,135,000 $ 158,402,000   $ 160,534,000   657,696,000 640,035,000 660,983,000
Advertising Expense                     10,249,000 8,049,000 7,110,000
Other revenue                     1,215,000 1,122,000 1,142,000
Property management expenses                     (30,107,000) (29,923,000) (27,081,000)
General and administrative expenses                     (23,966,000) (24,245,000) (22,766,000)
Depreciation and amortization                     (243,241,000) (220,854,000) (218,968,000)
Casualty losses                     1,314,000 3,935,000 925,000
Interest expense                     (78,998,000) (76,141,000) (89,921,000)
Gains (Losses) on Sales of Investment Real Estate                     6,147,000 (9,862,000) (66,547,000)
(Loss) gain on extinguishment of debt                     (67,000) 200,000 (124,000)
Other Nonoperating Income (Expense)                     (352,000) (1,000) (427,000)
Income (loss) from investments in unconsolidated real estate entities                     11,066,000 347,000 (4,488,000)
Restructuring costs                   $ 3,213 (0) 0 3,213,000
Net income (loss) $ 34,014,000 $ 6,995,000 $ 8,172,000 $ 8,526,000 $ (1,100,000) $ 12,620,000   $ 10,555,000 $ 17,961,000   57,707,000 40,033,000 (17,807,000)
Operating Segments [Member]                          
Other property revenue (2)                     656,481,000 638,913,000 659,841,000
Other revenue                     1,215,000 1,122,000 1,142,000
Total revenue                     657,696,000 640,035,000 660,983,000
Operating Expenses                     239,157,000 235,588,000 244,330,000
Net Operating Income                     417,324,000 403,325,000 415,511,000
Other revenue                     1,215,000 1,122,000 1,142,000
Property management expenses                     (30,107,000) (29,923,000) (27,081,000)
General and administrative expenses                     (23,966,000) (24,245,000) (22,766,000)
Depreciation and amortization                     (243,241,000) (220,854,000) (218,968,000)
Casualty losses                     (1,314,000) (3,935,000) (925,000)
Interest expense                     (78,998,000) (76,141,000) (89,921,000)
Gains (Losses) on Sales of Investment Real Estate                     6,147,000 (9,862,000) (66,547,000)
(Loss) gain on extinguishment of debt                     (67,000) 200,000 (124,000)
Other Nonoperating Income (Expense)                     (352,000) (1,000) (427,000)
Income (loss) from investments in unconsolidated real estate entities                     11,066,000 347,000 (4,488,000)
Restructuring costs                     0 0 (3,213,000)
Net income (loss)                     57,707,000 40,033,000 (17,807,000)
Same Store [Member] | Operating Segments [Member]                          
Other property revenue (2)                     595,601,000 585,431,000 585,277,000
Real estate taxes                     67,926,000 68,534,000 72,518,000
Property insurance                     13,323,000 15,174,000 14,618,000
Personnel expenses                     47,460,000 48,068,000 45,592,000
Utilities                     29,720,000 28,923,000 28,296,000
Repairs and maintenance                     18,836,000 18,872,000 20,122,000
Contract services                     22,927,000 21,276,000 21,584,000
Advertising Expense                     9,079,000 7,380,000 6,342,000
Other property operating expenses (2) [1]                     6,279,000 6,209,000 6,625,000
Operating Expenses                     215,550,000 214,436,000 215,697,000
Net Operating Income                     380,051,000 370,995,000 369,580,000
Non-same Store [Member] | Operating Segments [Member]                          
Other property revenue (2)                     60,880,000 53,482,000 74,564,000
Operating Expenses                     23,607,000 21,152,000 28,633,000
Net Operating Income                     $ 37,273,000 $ 32,330,000 $ 45,931,000
[1] Other property operating expenses includes property office, administrative and legal costs.