SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Reconciliation of Net Operating Income of Reportable Segments

The following tables present revenues, NOI, capital expenditures and total assets for the three months ended March 31, 2025 from our Residential segment as well as Other, and reconcile NOI to net loss as reported (in thousands):


	Three Months Ended March 31, 2025
	Residential		Other		Consolidated
Real estate rental revenue	$	57,007	$	4,486	$	61,493
Real estate expenses	20,609		1,385		21,994
Net operating income	$	36,398	$	3,101	$	39,499
Other expense:
Property management expenses					(2,246)
General and administrative expenses					(9,229)

Depreciation and amortization					(23,239)

Interest expense					(9,460)











Net loss					$	(4,675)


Capital expenditures	$	5,663	$	35	$	5,698
Total assets	$	1,703,880	$	123,699	$	1,827,579