Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Financial Information

Below is a summary of financial information for the three months ended March 31, 2025 and 2024.

		For the Three Months Ended March 31,
(Amounts in thousands)		2025		2024
	Rental revenues	$	54,915	$	61,397
	Real estate tax expense	(14,926)		(14,460)
	Other segment expenses (1)	(10,638)		(10,803)
	Total operating expenses	(25,564)		(25,263)
	NOI	$	29,351	$	36,134
(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, 2025 and 2024.

		For the Three Months Ended March 31,
(Amounts in thousands)		2025		2024
	NOI	$	29,351	$	36,134
	Interest and debt expense	(10,794)		(16,234)
	Interest and other income	3,945		7,162
	General and administrative	(1,591)		(1,476)
	Depreciation and amortization	(8,599)		(9,477)
	Net income	$	12,312	$	16,109