Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| REVENUES: | ||||||||||
| Rental revenues | $ 142,014 | $ 136,453 | $ 283,387 | $ 273,813 | ||||||
| Management, development and leasing fees | 1,159 | 1,357 | 2,768 | 2,674 | ||||||
| Other | 3,306 | 3,095 | 6,292 | 6,186 | ||||||
| Total revenues | [1],[2] | 146,479 | 140,905 | 292,447 | 282,673 | |||||
| EXPENSES: | ||||||||||
| Property operating | (25,797) | (23,583) | (54,030) | (49,461) | ||||||
| Depreciation and amortization | (36,283) | (39,702) | (74,381) | (85,243) | ||||||
| Real estate taxes | (14,055) | (15,027) | (28,121) | (30,758) | ||||||
| Maintenance and repairs | (10,841) | (10,372) | (23,174) | (23,838) | ||||||
| General and administrative | (14,782) | (15,188) | (33,369) | (35,895) | ||||||
| Loss on impairment | 0 | (1,457) | 0 | (1,457) | ||||||
| Other | (30) | 30 | (30) | |||||||
| Total expenses | (101,758) | (105,359) | (213,045) | (226,682) | ||||||
| OTHER INCOME (EXPENSES): | ||||||||||
| Interest and other income | 3,089 | 3,164 | 6,449 | 6,632 | ||||||
| Interest expense | (42,716) | (43,959) | (82,615) | (88,184) | ||||||
| Loss on extinguishment of debt | (0) | (217) | ||||||||
| Gain on consolidation/deconsolidation | 5,925 | 41,259 | 0 | |||||||
| Gain on sales of real estate assets | 13,633 | 1,339 | 15,035 | 22,871 | ||||||
| Income tax (provision) benefit | (642) | (369) | 588 | 102 | ||||||
| Equity in earnings of unconsolidated affiliates | 22,311 | 6,437 | 32,588 | 13,350 | ||||||
| Total other income (expenses), net | 1,600 | (33,388) | 13,304 | (45,446) | ||||||
| Net income | 46,321 | 2,158 | 92,706 | 10,545 | ||||||
| Net income (loss) attributable to common shareholders | ||||||||||
| Operating Partnership | (8) | (2) | (16) | (8) | ||||||
| Other consolidated subsidiaries | 131 | 603 | 241 | 1,011 | ||||||
| Net income attributable to the Company | 46,444 | 2,759 | 92,931 | 11,548 | ||||||
| Earnings allocable to unvested restricted stock | (1,086) | (192) | (2,170) | (769) | ||||||
| Net income attributable to common shareholders | $ 45,358 | $ 2,567 | $ 90,761 | $ 10,779 | ||||||
| Basic and diluted per share data attributable to common shareholders: | ||||||||||
| Basic earnings per share | $ 1.5 | $ 0.08 | $ 3.01 | $ 0.35 | ||||||
| Diluted earnings per share | [3] | $ 1.47 | $ 0.08 | $ 2.95 | $ 0.35 | |||||
| Weighted-average basic shares | 30,221 | 30,456 | 30,203 | 30,438 | ||||||
| Weighted-average diluted shares | [3] | 30,936 | 30,742 | 30,808 | 30,726 | |||||
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| X | ||||||||||
- Definition Gain (losses) on sale of real estate assets. No definition available.
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| X | ||||||||||
- Definition Management, Development, and Leasing Fees Revenues No definition available.
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| X | ||||||||||
- Definition Net income loss attributable to other consolidated subsidiaries. No definition available.
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| X | ||||||||||
- Definition Reversal of other expense accrual. No definition available.
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| X | ||||||||||
- Definition Other operating costs incurred during the reporting period and may include amounts paid to maintain the property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of paid and unpaid cash, stock, and paid-in-kind dividends declared for award under share-based payment arrangement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to redeemable noncontrolling partner in an operating partnership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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