Note 10 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Dec. 31, 2023 |
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Total revenues | $ 37,346 | $ 34,543 | $ 73,106 | $ 68,210 | |
Assets | 1,274,602 | 1,274,602 | $ 1,249,330 | ||
Interest Expense, Nonoperating | 11,741 | 11,334 | 23,480 | 21,469 | |
capital expenditures | 22,831 | 6,421 | 43,769 | 17,587 | |
Property operating expenses | 8,996 | 6,782 | 17,618 | 14,881 | |
Real estate taxes and insurance | 7,438 | 8,700 | 14,574 | 17,236 | |
General and administrative | 3,459 | 3,396 | 7,010 | 6,689 | |
Transaction pursuit costs | 0 | 357 | 0 | 357 | |
Depreciation and amortization | 7,455 | 7,269 | 14,834 | 14,094 | |
Total operating expenses | 27,348 | 26,504 | 54,036 | 53,257 | |
Income from operations | 9,998 | 8,039 | 19,070 | 14,953 | |
Rental Income [Member] | |||||
Total revenues | 37,346 | 34,543 | 73,106 | 68,210 | |
Commercial Segment [Member] | |||||
Total revenues | 9,598 | 9,503 | 19,252 | 19,230 | |
Assets | 313,427 | 313,427 | 313,666 | ||
Interest Expense, Nonoperating | 2,530 | 2,547 | 5,052 | 5,007 | |
capital expenditures | 1,230 | 563 | 2,249 | 2,240 | |
Property operating expenses | 1,116 | 1,048 | 2,366 | 2,263 | |
Real estate taxes and insurance | 2,538 | 2,280 | 5,054 | 4,529 | |
General and administrative | 577 | 615 | 1,221 | 1,186 | |
Transaction pursuit costs | 0 | 0 | 0 | 0 | |
Depreciation and amortization | 1,501 | 1,447 | 2,997 | 2,889 | |
Total operating expenses | 5,732 | 5,390 | 11,638 | 10,867 | |
Income from operations | 3,866 | 4,113 | 7,614 | 8,363 | |
Commercial Segment [Member] | Rental Income [Member] | |||||
Total revenues | 9,598 | 9,503 | 19,252 | 19,230 | |
Residential Segment [Member] | |||||
Total revenues | 27,748 | 25,040 | 53,854 | 48,980 | |
Assets | 961,175 | 961,175 | $ 935,664 | ||
Interest Expense, Nonoperating | 9,211 | 8,787 | 18,248 | 16,462 | |
capital expenditures | 21,601 | 5,858 | 41,320 | 15,347 | |
Property operating expenses | 7,880 | 5,734 | 15,252 | 12,618 | |
Real estate taxes and insurance | 4,900 | 6,420 | 9,520 | 12,707 | |
General and administrative | 2,882 | 2,781 | 5,789 | 5,503 | |
Transaction pursuit costs | 0 | 357 | 0 | 357 | |
Depreciation and amortization | 5,954 | 5,822 | 11,837 | 11,205 | |
Total operating expenses | 21,616 | 21,114 | 42,398 | 42,390 | |
Income from operations | 6,132 | 3,926 | 11,456 | 6,590 | |
Residential Segment [Member] | Rental Income [Member] | |||||
Total revenues | $ 27,748 | $ 25,040 | $ 53,854 | $ 48,980 |
X | ||||||||||
- Definition The aggregate amount of expenditures for property operating. No definition available.
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X | ||||||||||
- Definition The amount of transaction pursuit segment costs. No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. 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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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of real estate taxes and insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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