Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting

The following table provides the components of Portfolio Net Operating Income, a non-GAAP metric, related to our business for the three months ended March 31, 2026 and March 31, 2025:

	Three months ended
	March 31,
	2026		2025
Property Revenues:
Rental revenue	$	138,699	$	129,285
Other revenues	4,675		3,671
Total Revenues	$	143,374	$	132,956
Property Operating Expenses:
Advertising and promotion	$	3,599	$	3,022
Common area maintenance	21,217		18,969
Real estate taxes	12,249		10,045
Other operating expense	7,283		7,838
Total Operating Expenses	$	44,348	$	39,874
Portfolio Net Operating Income - Consolidated	$	99,026	$	93,082
Equity in earnings of unconsolidated joint ventures	$	3,442	$	2,399
Interest expense	(19,176)		(15,772)
Impairment charges	—		(4,249)
Other income	1,907		217
Depreciation and amortization	(40,352)		(37,146)
Other non-property (income) expenses	(119)		40
Corporate general and administrative expenses	(20,150)		(19,016)
Non-cash adjustments	2,718		(6)
Lease termination fees	2,121		450
Net Income	$	29,417	$	19,999