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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information
Below is a summary of financial information for the three and six months ended June 30, 2026 and 2025.
For the Three Months Ended June 30,For the Six Months Ended June 30,
(Amounts in thousands)2026202520262025
Rental revenues$54,711 $51,589 $108,123 $106,504 
Real estate tax expense(15,568)(14,758)(31,673)(29,684)
Other segment expenses (1)
(11,175)(11,176)(24,050)(21,814)
Total operating expenses(26,743)(25,934)(55,723)(51,498)
NOI$27,968 $25,655 $52,400 $55,006 
(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 and six months ended June 30, 2026 and 2025.
For the Three Months Ended June 30,For the Six Months Ended June 30,
(Amounts in thousands)2026202520262025
NOI$27,968 $25,655 $52,400 $55,006 
Interest and debt expense(10,796)(12,801)(21,525)(23,595)
Interest and other income1,684 3,928 3,130 7,873 
General and administrative(3,266)(1,955)(4,979)(3,546)
Depreciation and amortization(8,230)(8,707)(17,004)(17,306)
Net gain on sale of real estate148,002 — 148,002 — 
Net income$155,362 $6,120 $160,024 $18,432