v3.25.4
SEGMENT REPORTING (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | segment   1    
Segment Reporting Information [Line Items]        
Real estate taxes   $ 66,428 $ 68,651 $ 64,889
Property operating   86,435 78,776 68,563
Lease expense   13,168 13,169 12,634
Depreciation and amortization   (139,166) (150,389) (108,979)
Interest and debt expense   (78,232) (81,587) (74,945)
General and administrative   (39,975) (37,474) (37,070)
Gain (loss) on extinguishment of debt   (534) 21,423 41,144
Real estate impairment loss $ (34,100) 0 0 (34,055)
Interest income   2,768 2,667 3,037
Gain on sale of real estate   49,695 38,818 217,708
Income before income taxes   100,111 77,828 277,676
Properties | Operating Segments        
Segment Reporting Information [Line Items]        
Property revenues   453,783 431,815 396,473
Real estate taxes   68,301 70,521 66,756
Property operating   88,893 79,159 68,997
Lease expense   8,244 9,559 11,110
Costs and Expenses   165,438 159,239 146,863
Property Net Operating Income   288,345 272,576 249,610
Depreciation and amortization   (139,166) (150,389) (108,979)
Interest and debt expense   (78,232) (81,587) (74,945)
General and administrative   (39,975) (37,474) (37,070)
Gain (loss) on extinguishment of debt   (534) 21,423 41,144
Real estate impairment loss   0 0 (34,055)
Interest income   1,791 2,192 2,608
Straight-line rents, amortization of above and below-market leases, and other   17,129 11,999 11,610
Gain on sale of real estate   49,695 38,818 217,708
Other (expense) income   1,058 270 10,045
Income before income taxes   100,111 77,828 277,676
Property Rentals | Properties | Operating Segments        
Segment Reporting Information [Line Items]        
Property revenues   322,454 312,674 291,717
Tenant Expense Reimbursements | Properties | Operating Segments        
Segment Reporting Information [Line Items]        
Property revenues   $ 131,329 $ 119,141 $ 104,756