v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Financial Instruments  
Schedule of Derivative financial Instruments The following table summarizes the Company’s derivative financial instruments at June 30, 2026 ($ in thousands):

  ​ ​ ​

Interest Rate Caps

  ​ ​ ​

Interest Rate Swaps

Notional balance

$

149,043

$

4,357

Number of instruments

 

4

 

1

Earliest maturity date

 

May 2027

 

August 2028

Latest maturity date

 

April 2029

 

August 2028

Schedule of the fair value of the company's derivative financial instruments of balance sheets

The table below presents the classification and fair value of the Company’s derivative financial instruments on its consolidated balance sheets at June 30, 2026 and December 31, 2025 (amounts in thousands):

Derivatives not designated as hedging

  ​ ​ ​

  ​ ​ ​

Fair Values of Derivative Instruments

instruments under ASC 815-20

  ​ ​ ​

Balance Sheet Location

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Interest rate caps

 

Accounts receivable, prepaids and other assets, net

$

1,121

$

616

Interest rate swaps

 

Accounts receivable, prepaids and other assets, net

 

69

 

63

Schedule of the effect of derivative financial instruments on statements of operations and comprehensive income (loss)

The table below presents the classification and effect of the Company’s derivative financial instruments on the consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 (amounts in thousands):

  ​ ​ ​

The Effect of Derivative Instruments

  ​ ​ ​

on the Statements of Operations and Comprehensive Income (Loss)

Derivatives not designated as hedging

Location of (Loss) Gain

Three Months Ended June 30, 

Six Months Ended June 30, 

instruments under ASC 815-20

  ​ ​ ​

Recognized in Income

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Interest rate caps

 

Interest expense, net

$

(65)

$

(391)

$

(206)

$

(1,028)

Interest rate swaps

 

Interest expense, net

 

29

(64)

 

6

 

(206)