Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table provides the components of Portfolio Net Operating Income, a non-GAAP metric, related to our business for three and nine months ended September 30, 2025 and September 30, 2024:

	Three months ended				Nine months ended
	September 30,				September 30,
	2025		2024		2025		2024
Property Revenues:
Rental revenue	$	137,225	$	125,221	$	399,945	$	365,349
Other revenues	5,476		5,295		14,168		12,884
Total Revenues	$	142,701	$	130,516	$	414,113	$	378,233
Property Operating Expenses:
Advertising and promotion	$	5,079	$	4,923	$	11,767	$	12,160
Common area maintenance	18,236		16,703		53,818		49,113
Real estate taxes	10,238		8,883		30,692		26,560
Other operating expense	9,862		7,985		26,471		20,142
Total Operating Expenses	$	43,415	$	38,494	$	122,748	$	107,975
Portfolio Net Operating Income - Consolidated	$	99,286	$	92,022	$	291,365	$	270,258
Equity in earnings of unconsolidated joint ventures	$	4,221	$	2,312	$	9,654	$	7,803
Interest expense	(16,439)		(15,493)		(48,610)		(45,546)
Impairment charges	—		—		(4,249)		—
Other income	(116)		(52)		75		755
Depreciation and amortization	(37,103)		(35,376)		(110,857)		(103,410)
Other non-property (income) expenses	323		199		831		1,000
Corporate general and administrative expenses	(18,614)		(18,231)		(56,622)		(56,556)
Non-cash adjustments	1,705		214		2,284		(28)
Lease termination fees	85		335		806		875
Net Income	$	33,348	$	25,930	$	84,677	$	75,151