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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2021
Accounting Policies [Abstract]    
Schedule of cost capitalized  
Payroll and related costs and interest costs capitalized for the years ended December 31, 2025, 2024 and 2023 were as follows (in thousands):
202520242023
Payroll and related costs capitalized$4,588 $3,497 $3,843 
Interest costs capitalized$492 $602 $2,509 
Schedule of depreciation expense
Depreciation expense related to rental property included in net income for each of the years ended December 31, 2025, 2024 and 2023 was as follows (in thousands):
202520242023
Depreciation expense related to rental property$126,516 $117,851 $97,636 
  
Schedule of Deferred Charges Deferred lease costs capitalized, including amounts paid to third-party brokers and internal leasing costs for the years ended December 31, 2025, 2024 and 2023 were as follows (in thousands):
202520242023
Deferred lease costs capitalized- payroll and related costs $3,064 $1,036 $1,696 
Total deferred lease costs capitalized$4,960 $2,766 $3,101 
  
Tax Treatment of Common Dividends Per Share for Federal Tax Purposes Dividends per share for the years ended December 31, 2025, 2024 and 2023 were taxable as follows:
202520242023
Common dividends per share:
Ordinary income$1.1525 $1.0773 $0.8464 
Capital gain— 0.0077 0.1236 
$1.1525 $1.0850 $0.9700 
  
GAAP Reconciliation of Net Income to Taxable Income
The following reconciles net income available to the Company's shareholders to taxable income (loss) available to common shareholders for the years ended December 31, 2025, 2024 and 2023 (in thousands):
202520242023
Net income available to the Company's shareholders$114,776 $98,595 $99,151 
Book/tax difference on:
Depreciation and amortization19,891 22,825 (13,386)
Sale of assets and interests in unconsolidated entities(5,127)(5,649)(3,236)
Equity in earnings from unconsolidated joint ventures(949)212 2,668 
Share-based payment compensation4,071 112 4,655 
Other differences(3,830)6,145 6,239 
Taxable income (loss) available to common shareholders$128,832 $122,240 $96,091 
  
Schedule of Supplemental Cash Flow Disclosures Expenditures included in accounts payable and accrued expenses were as follows for the years ended December 31, 2025, 2024 and 2023 (in thousands):
 202520242023
Costs relating to construction included in accounts payable and accrued expenses$20,622 $13,334 $29,193 

Interest paid, net of interest capitalized was as follows for the years ended December 31, 2025, 2024 and 2023 (in thousands):
202520242023
Interest paid, net of interest capitalized$60,211 $54,583 $46,923 
  
Schedule of Cash and Cash Equivalents
The following table summarizes cash, cash equivalents and restricted cash (in thousands) for the Company:

20252024
Beginning of period:
Cash and cash equivalents
$46,992 $12,778 
Restricted cash
— — 
   Cash, cash equivalents, and restricted cash
$46,992 $12,778 
End of period:
Cash and cash equivalents
$18,133 $46,992 
Restricted cash
35,395 — 
   Cash, cash equivalents, and restricted cash
$53,528 $46,992 
  
Schedule of Restricted Cash
The following table summarizes cash, cash equivalents and restricted cash (in thousands) for the Company:

20252024
Beginning of period:
Cash and cash equivalents
$46,992 $12,778 
Restricted cash
— — 
   Cash, cash equivalents, and restricted cash
$46,992 $12,778 
End of period:
Cash and cash equivalents
$18,133 $46,992 
Restricted cash
35,395 — 
   Cash, cash equivalents, and restricted cash
$53,528 $46,992