v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025:
Three months endedSix months ended
June 30,June 30,
2026202520262025
Property Revenues:
  Rental revenue$143,749 $133,435 $282,448 $262,720 
  Other revenues5,843 5,021 10,518 8,692 
Total Revenues$149,592 $138,456 $292,966 $271,412 
Property Operating Expenses:
Advertising and promotion$4,269 $3,666 $7,868 $6,688 
Common area maintenance17,837 16,613 39,054 35,582 
Real estate taxes12,371 10,409 24,620 20,454 
Other operating expense9,170 8,771 16,452 16,609 
Total Operating Expenses$43,647 $39,459 $87,994 $79,333 
Portfolio Net Operating Income - Consolidated$105,945 $98,997 $204,972 $192,079 
Equity in earnings of unconsolidated joint ventures$3,849 $3,034 $7,291 $5,433 
Interest expense(19,427)(16,399)(38,603)(32,171)
Impairment charges— — — (4,249)
Other income1,724 (26)3,631 191 
Depreciation and amortization(41,975)(36,608)(82,327)(73,754)
Other non-property (income) expenses472 468 353 508 
Corporate general and administrative expenses(20,514)(18,992)(40,665)(38,008)
Non-cash adjustments5,232 585 7,950 579 
Lease termination fees(707)271 1,414 721 
Net Income$34,599 $31,330 $64,016 $51,329