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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Rental revenues $ 134,786 $ 119,992 $ 408,599 $ 368,090
Management, development and leasing fees 1,226 1,990 3,900 5,712
Other 3,268 3,107 9,454 10,069
Total revenues [1],[2] 139,280 125,089 421,953 383,871
EXPENSES:        
Property operating (27,383) (23,336) (76,844) (67,903)
Depreciation and amortization (39,900) (32,326) (125,143) (109,030)
Real estate taxes (12,970) (13,271) (43,728) (35,568)
Maintenance and repairs (9,594) (8,890) (33,432) (28,007)
General and administrative (17,787) (15,402) (53,682) (50,647)
Loss on impairment (1,736)   (3,193) (836)
Litigation settlement   13   153
Other (45) (15) (75) (142)
Total expenses (109,415) (93,227) (336,097) (291,980)
OTHER INCOME (EXPENSES):        
Interest and other income 3,247 4,023 9,879 12,109
Interest expense (44,779) (38,849) (132,963) (118,068)
Loss on extinguishment of debt   (819) (217) (819)
Gain on deconsolidation 33,851   33,851  
Gain on sales of real estate assets 51,228 12,816 74,099 16,487
Income tax (provision) benefit (48) (364) 54 (856)
Equity in earnings of unconsolidated affiliates 1,696 7,084 15,046 18,826
Total other income (expenses), net 45,195 (16,109) (251) (72,321)
Net income 75,060 15,753 85,605 19,570
Net income (loss) attributable to common shareholders        
Operating Partnership   (1) (8) (1)
Other consolidated subsidiaries 368 446 1,379 1,423
Net income attributable to the Company 75,428 16,198 86,976 20,992
Earnings allocable to unvested restricted stock (1,161) (333) (1,345) (852)
Net income attributable to common shareholders $ 74,267 $ 15,865 $ 85,631 $ 20,140
Basic and diluted per share data attributable to common shareholders:        
Basic earnings per share $ 2.44 $ 0.52 $ 2.81 $ 0.65
Diluted earnings per share [3] $ 2.38 $ 0.52 $ 2.78 $ 0.65
Weighted-average basic shares 30,406 30,756 30,427 31,149
Weighted-average diluted shares [3] 31,313 30,756 30,851 31,151
[1] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[2] Sales taxes are excluded from revenues.
[3] For the three and nine months ended September 30, 2025, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three months ended September 30, 2025, the computation of diluted EPS includes contingently issuable shares related to unvested restricted stock awards calculated under the treasury stock method. For the nine months ended September 30, 2025, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the nine months ended September 30, 2025, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,987,521, including 136,493 contingently issuable shares related to unvested restricted stock awards. For the three and nine months ended September 30, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the three and nine months ended September 30, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the three and nine months ended September 30, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 30,939,827 and 31,223,748, respectively, including 183,851 and 72,521, respectively, contingently issuable shares related to unvested restricted stock awards.