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v3.26.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Financial Information | Below is a summary of financial information for the three months ended March 31, 2026 and 2025.
|  |  | For the Three Months Ended March 31, |  |
(Amounts in thousands) |  | 2026 |  | 2025 |  |  |  |
| Rental revenues |  | $ | 53,412 |  |  | $ | 54,915 |  |  |  |  |
| Real estate tax expense |  | (16,105) |  |  | (14,926) |  |  |  |  |
| Other segment expenses (1) |  | (12,875) |  |  | (10,638) |  |  |  |  |
| Total operating expenses |  | (28,980) |  |  | (25,564) |  |  |  |  |
| NOI |  | $ | 24,432 |  |  | $ | 29,351 |  |  |  |  |
(1) | Includes various expenses associated with operating our properties including but not limited to ground rent, insurance, repairs and maintenance and utilities. |  |  |  |
Below is a reconciliation of NOI to net income for the three months ended March 31, 2026 and 2025.
|  | For the Three Months Ended March 31, |  |
(Amounts in thousands) | 2026 |  | 2025 |  |  |  |
| NOI | $ | 24,432 |  |  | $ | 29,351 |  |  |  |  |
| Interest and debt expense | (10,729) |  |  | (10,794) |  |  |  |  |
| Interest and other income | 1,446 |  |  | 3,945 |  |  |  |  |
| General and administrative | (1,713) |  |  | (1,591) |  |  |  |  |
| Depreciation and amortization | (8,774) |  |  | (8,599) |  |  |  |  |
| Net income | $ | 4,662 |  |  | $ | 12,312 |  |  |  |  |

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- 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 + Details
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