XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.26.1

Note 10 - Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Notes Tables |
Segment Reporting [Table Text Block] |
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Revenue: |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Same-store (1) rental and other property revenue |  | $ | 157,076 |  |  | $ | 155,612 |  |  | $ | 313,171 |  |  | $ | 309,616 |
Non same-store (1) rental and other property revenue |  |  | 10,050 |  |  |  | 6,279 |  |  |  | 19,168 |  |  |  | 13,180 |
Total reportable segments revenue |  |  | 167,126 |  |  |  | 161,891 |  |  |  | 332,339 |  |  |  | 322,796 |
Other income |  |  | 115 |  |  |  | 297 |  |  |  | 224 |  |  |  | 635 |
Total consolidated revenue |  |  | 167,241 |  |  |  | 162,188 |  |  |  | 332,563 |  |  |  | 323,431 |
Operating Expenses: |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Same-store |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Real estate taxes |  |  | 18,444 |  |  |  | 18,691 |  |  |  | 38,193 |  |  |  | 38,069 |
Property insurance |  |  | 3,010 |  |  |  | 3,548 |  |  |  | 6,289 |  |  |  | 7,448 |
Personnel expenses |  |  | 12,854 |  |  |  | 12,376 |  |  |  | 25,662 |  |  |  | 24,325 |
Utilities |  |  | 7,615 |  |  |  | 7,407 |  |  |  | 15,830 |  |  |  | 15,194 |
Repairs and maintenance |  |  | 5,883 |  |  |  | 5,822 |  |  |  | 10,059 |  |  |  | 10,167 |
Contract services |  |  | 6,578 |  |  |  | 6,139 |  |  |  | 12,739 |  |  |  | 11,929 |
Advertising expenses |  |  | 2,600 |  |  |  | 2,686 |  |  |  | 4,462 |  |  |  | 4,620 |
Other property operating expenses (2) |  |  | 1,659 |  |  |  | 1,690 |  |  |  | 3,248 |  |  |  | 3,314 |
Total same-store operating expenses |  |  | 58,643 |  |  |  | 58,359 |  |  |  | 116,482 |  |  |  | 115,066 |
Non same-store |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Total non same-store operating expenses |  |  | 4,732 |  |  |  | 2,576 |  |  |  | 9,017 |  |  |  | 5,132 |
Total reportable segments operating expenses |  |  | 63,375 |  |  |  | 60,935 |  |  |  | 125,499 |  |  |  | 120,198 |
Net Operating Income: |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Same-store NOI |  |  | 98,433 |  |  |  | 97,253 |  |  |  | 196,689 |  |  |  | 194,550 |
Non same-store NOI |  |  | 5,318 |  |  |  | 3,703 |  |  |  | 10,151 |  |  |  | 8,048 |
Total reportable segments NOI |  |  | 103,751 |  |  |  | 100,956 |  |  |  | 206,840 |  |  |  | 202,598 |
Adjustments: |  |  |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  | ​
Other revenue |  |  | 115 |  |  |  | 297 |  |  |  | 224 |  |  |  | 635 |
Property management expenses |  |  | (7,931 | ) |  |  | (7,715 | ) |  |  | (16,168 | ) |  |  | (15,541 | )
General and administrative expenses |  |  | (5,685 | ) |  |  | (5,982 | ) |  |  | (14,199 | ) |  |  | (14,388 | )
Depreciation and amortization |  |  | (64,861 | ) |  |  | (59,794 | ) |  |  | (129,494 | ) |  |  | (118,521 | )
Casualty gains (losses), net |  |  | 553 |  |  |  | (255 | ) |  |  | 476 |  |  |  | (139 | )
Interest expense |  |  | (21,583 | ) |  |  | (18,773 | ) |  |  | (42,315 | ) |  |  | (38,121 | )
Gain on sale of real estate assets, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,496 |
Loss on extinguishment of debt |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (67 | )
Other loss |  |  | (105 | ) |  |  | — |  |  |  | (191 | ) |  |  | (103 | )
Loss from investments in unconsolidated real estate entities |  |  | (836 | ) |  |  | (562 | ) |  |  | (1,883 | ) |  |  | (1,151 | )
Net income |  | $ | 3,418 |  |  | $ | 8,172 |  |  | $ | 3,290 |  |  | $ | 16,698 |

X
- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration