Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Below is a summary of financial information for the three and nine months ended September 30, 2025 and 2024.

		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(Amounts in thousands)		2025		2024		2025		2024
	Rental revenues	$	53,424	$	55,675	$	159,928	$	170,464
	Real estate tax expense	(15,755)		(15,018)		(45,439)		(43,931)
	Other segment expenses (1)	(10,938)		(11,428)		(32,752)		(32,769)
	Total operating expenses	(26,693)		(26,446)		(78,191)		(76,700)
	NOI	$	26,731	$	29,229	$	81,737	$	93,764
(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 nine months ended September 30, 2025 and 2024.

		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(Amounts in thousands)		2025		2024		2025		2024
	NOI	$	26,731	$	29,229	$	81,737	$	93,764
	Interest and debt expense	(14,078)		(19,261)		(37,673)		(51,714)
	Interest and other income	3,682		6,105		11,555		20,321
	General and administrative	(1,349)		(1,423)		(4,895)		(5,058)
	Depreciation and amortization	(9,018)		(7,972)		(26,324)		(26,146)
	Net income	$	5,968	$	6,678	$	24,400	$	31,167