The following table presents information on the Company’s reported segment revenue, net operating income, and significant segment expenses that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss:


	Three Months Ended March 31,
	2025		2024
Revenue:
Minimum rent	$	173,988	$	161,045
Tenant reimbursements	46,213		43,577
Bad debt reserve	(2,076)		(589)
Other property-related revenue	1,640		841
Overage rent	1,048		1,780
Total revenue	220,813		206,654

Expenses:
Property operating – recoverable	25,798		23,763
Property operating – non-recoverable	3,661		4,009
Real estate taxes	27,604		26,373


Total expenses	57,063		54,145

Net operating income	163,750		152,509

Other (expense) income:
Other general and administrative expenses	(12,258)		(12,784)
Fee income	425		315

Depreciation and amortization	(98,231)		(100,379)

Interest expense	(32,954)		(30,364)
Equity in loss of unconsolidated subsidiaries	(607)		(420)
Gain on sale of unconsolidated property, net	—		2,325
Income tax expense of taxable REIT subsidiaries	(10)		(158)

Other income, net	4,058		3,628
Gain (loss) on sales of operating properties, net	91		(236)
Net income	24,264		14,436
Net income attributable to noncontrolling interests	(534)		(280)
Net income attributable to common shareholders	$	23,730	$	14,156