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v3.25.4

Segment Information - Schedule of Reconciliation of Net Income (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |
Net income | $ 111,421 | $ 13,658 | $ 5,269
Other income and expense, net | (3,575) | (3,755) | (5,480)
Equity in losses of unconsolidated entities | 0 | 0 | 557
Interest expense, net | 34,519 | 37,100 | 38,138
Loss on extinguishment of debt | 0 | 0 | 15
Gain on sale of investment properties, net | (90,961) | (3,857) | (2,691)
Impairment of real estate assets | 0 | 3,854 | 0
Depreciation and amortization | 128,497 | 113,948 | 113,430
General and administrative | 34,925 | 33,172 | 31,797
Reportable Segment |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |
Net income | 111,421 | 13,658 | 5,269
Other income and expense, net | (3,575) | (3,755) | (5,480)
Equity in losses of unconsolidated entities | 0 | 0 | 557
Interest expense, net | 34,519 | 37,100 | 38,138
Loss on extinguishment of debt | 0 | 0 | 15
Gain on sale of investment properties, net | (90,961) | (3,857) | (2,691)
Impairment of real estate assets | 0 | 3,854 | 0
Depreciation and amortization | 128,497 | 113,948 | 113,430
General and administrative | 34,925 | 33,172 | 31,797
Other fee income | 0 | 0 | (80)
Adjustments to NOI | (8,401) | (7,548) | (7,528)
NOI | $ 206,425 | $ 186,572 | $ 173,427

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