XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.3
Segments - Schedule of Net Operating Income of Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information        
Rental revenues $ 68,598 $ 62,913 $ 193,744 $ 179,082
Rental expenses 16,652 14,756 46,344 41,392
Real estate taxes 6,184 5,867 17,995 16,910
General contracting and real estate services revenues 114,353 99,408 358,167 286,220
Segment gross profit 51,476 48,371 148,402 138,287
Retail real estate        
Segment Reporting Information        
Rental revenues 26,161 26,502 77,905 74,749
Rental expenses 5,104 4,227 14,099 11,944
Real estate taxes 2,466 2,384 7,300 6,992
Interest expense 3,900 2,900 11,300 8,100
Segment gross profit 18,591 19,891 56,506 55,813
Office real estate        
Segment Reporting Information        
Rental revenues 27,784 22,052 72,532 62,338
Rental expenses 6,307 5,950 17,793 16,441
Real estate taxes 2,360 2,252 6,710 6,494
Interest expense 3,700 2,800 10,500 7,500
Segment gross profit 19,117 13,850 48,029 39,403
Multifamily real estate        
Segment Reporting Information        
Rental revenues 14,653 14,359 43,307 41,995
Rental expenses 5,241 4,579 14,452 13,007
Real estate taxes 1,358 1,231 3,985 3,424
Interest expense 2,800 2,400 8,500 6,900
Segment gross profit 8,054 8,549 24,870 25,564
General contracting and real estate services        
Segment Reporting Information        
General contracting and real estate services revenues 114,353 99,408 358,167 286,220
General contracting and real estate services expenses 110,987 96,095 346,385 276,336
Segment gross profit 3,366 3,313 11,782 9,884
Real estate financing        
Segment Reporting Information        
Interest income 4,072 3,496 12,038 10,257
Interest expense 1,724 728 4,823 2,634
Segment gross profit $ 2,348 $ 2,768 $ 7,215 $ 7,623