XML 137 R121.htm IDEA: XBRL DOCUMENT v3.25.4
SEGMENT FINANCIAL INFORMATION (Revenue and Components of Net Operating Income) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information      
Rental revenues $ 452,604 $ 370,851 $ 321,995
Debt-related income 46,231 46,642 31,175
Rental expenses (167,252) (136,232) (118,794)
Net operating income 331,583 281,261 234,376
Residential      
Segment Reporting Information      
Rental revenues 177,232 140,014 120,706
Debt-related income 0 0 0
Rental expenses (86,490) (66,268) (57,923)
Net operating income 90,742 73,746 62,783
Industrial      
Segment Reporting Information      
Rental revenues 150,831 112,376 91,145
Debt-related income 0 0 0
Rental expenses (36,061) (27,817) (20,083)
Net operating income 114,770 84,559 71,062
Retail      
Segment Reporting Information      
Rental revenues 60,405 61,206 58,916
Debt-related income 0 0 0
Rental expenses (16,030) (15,880) (15,575)
Net operating income 44,375 45,326 43,341
Office      
Segment Reporting Information      
Rental revenues 48,660 50,103 51,096
Debt-related income 0 0 0
Rental expenses (22,932) (23,422) (25,165)
Net operating income 25,728 26,681 25,931
Data center properties      
Segment Reporting Information      
Rental revenues 2,039 0 0
Debt-related income 0 0 0
Rental expenses (108) 0 0
Net operating income 1,931 0 0
Other Properties      
Segment Reporting Information      
Rental revenues 13,437 7,152 132
Debt-related income 0 0 0
Rental expenses (5,631) (2,845) (48)
Net operating income 7,806 4,307 84
Debt and Securities      
Segment Reporting Information      
Rental revenues 0 0 0
Debt-related income 46,231 46,642 31,175
Rental expenses 0 0 0
Net operating income $ 46,231 $ 46,642 $ 31,175