Quarterly Historical Data

Fiscal Year Data
Period Ended
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Balance Sheet ($000)
Real Estate 296,481 298,595 259,994 259,331 260,412 262,898 249,870 249,779 213,396 210,934 205,186 204,102 188,820 181,578 179,612 160,175 150,123 136,153 135,618 135,532 135,376 134,520 134,079 133,499 126,385 126,242 126,558 109,041 108,687 108,247 95,962 94,224 70,357 61,335 60,900 47,916 24,216
Real Estate (Less Accumulated Depreciation) 259,725 263,456 226,806 227,851 229,872 233,449 249,870 223,613 187,598 186,586 182,100 182,014 168,014 161,594 160,844 142,460 133,514 120,156 120,567 121,520 122,406 122,586 123,185 123,712 117,631 118,494 119,741 103,100 103,292 103,588 92,292 91,488 68,398 59,967 60,088 47,586 24,095
Secured Debt 168,493 156,518 146,001 147,081 148,946 150,009 144,040 145,093 126,321 126,321 126,152 127,122 119,042 114,585 115,463 98,976 94,391 86,062 85,813 86,483 87,143 87,717 88,319 88,905 85,740 75,740 86,291 86,830 74,948 75,425 75,868 68,330 68,720 52,675 46,263 46,538 35,168 17,368
Total Debt 168,493 156,518 146,001 147,081 148,946 150,009 145,093 145,093 126,321 126,321 126,152 127,122 119,042 114,585 115,463 98,976 94,931 86,062 85,813 86,483 87,143 87,717 88,319 88,905 85,740 85,750 86,291 86,860 74,948 75,425 75,868 68,341 68,720 52,675 46,263 46,538 35,168 17,368
Total Liabilities 179,223 168,120 155,667 156,974 159,842 160,182 154,156 155,649 135,853 135,951 135,390 136,073 128,853 124,861 125,276 108,703 103,322 94,960 94,724 96,939 98,809 99,496 98,937 98,404 94,216 94,998 97,291 84,212 84,435 85,290 76,226 76,609 58,200 51,589 52,072 40,322 19,530
Equity (Attributable to Common Shares) 79,027 77,695 77,783 78,312 77,987 77,144 77,012 73,260 56,932 56,066 55,461 55,838 53,855 52,742 52,414 50,895 34,599 33,604 33,720 32,557 32,246 32,096 32,584 33,717 34,560 34,851 35,281 35,806 36,390 36,949 33,550 23,678 24,249 24,650 24,751 9,761 10,938
Equity (Attributable to Partnership Units) 44,714 44,392 41,231 41,820 39,946 40,089 37,739 38,074 21,352 20,650 20,739 21,265 20,699 20,548 20,751 17,292 17,686 16,164 16,551 16,219 16,342 16,589 17,201 18,207 16,897 17,354 17,878 18,444 19,045 19,639 17,124 16,937 17,592 18,115 18,372 18,844 8,756
Total Equity 123,741 122,087 119,013 120,132 117,933 117,233 114,751 111,334 78,284 76,716 76,200 77,103 74,554 73,290 73,166 68,187 52,285 49,768 50,271 48,776 48,588 48,685 49,785 51,924 51,457 52,205 53,159 54,250 55,435 56,588 50,674 40,615 41,841 42,765 43,123 28,605 19,694
Total Assets 302,964 290,207 274,679 277,106 277,775 277,416 268,907 266,983 214,137 212,667 211,590 213,176 203,407 198,151 198,441 176,891 155,607 144,727 144,995 145,714 147,397 148,181 148,722 150,328 145,673 147,203 150,450 138,462 139,870 141,878 126,900 117,224 100,041 94,354 95,195 68,927 39,225
Income Statement ($000)
Rental Revenue 24,004 15,612 7,480 28,847 21,525 21,686 7,233 26,783 19,800 13,066 6,282 25,874 16,767 10,934 5,529 20,784 15,548 10,290 5,181 20,970 15,865 10,657 5,264 19,332 14,269 9,294 4,397 18,213 13,176 8,472 4,163 10,040 6,972 4,432 2,011 1,560 736
Interest Expense 5,351 3,295 1,569 6,521 4,675 4,590 1,534 5,089 3,655 2,398 1,163 4,390 3,197 2,098 1,018 3,552 2,602 1,715 857 3,682 2,783 1,894 985 3,798 2,797 1,819 853 3,259 2,400 1,543 746 2,122 1,474 936 441 425 180
Total Revenue 26,839 16,150 7,786 33,455 25,091 22,603 7,540 35,793 20,045 13,267 6,403 25,874 16,728 10,987 5,805 32,008 15,557 10,686 5,192 21,033 15,917 10,695 5,288 19,433 14,342 9,339 4,424 18,331 13,265 8,533 4,166 10,061 6,989 4,443 2,015 1,567 736
Net Income 5,493 2,310 1,119 6,551 4,921 2,629 819 12,529 2,847 1,559 665 5,200 1,599 891 901 2,839 2,737 1,103 381 1,249 906 548 82 (891) (934) (783) (448) (2,630) (2,038) (1,464) (680) (2,525) (1,757) (1,288) (1,370) (3,173) (1,098)
Net Income (Attributable to Common Shares) 3,490 1,654 814 4,242 3,189 1,709 535 8,412 1,949 1,067 454 3,534 1,086 605 614 1,849 1,753 708 244 792 573 346 52 (568) (597) (499) (285) (1,650) (1,273) (909) (411) (1,409) (973) (704) (721) (1,916) (780)
Net Income (Attributable to Partnership Units) 2,003 656 305 2,309 1,732 921 285 4,117 898 492 211 1,666 513 286 287 990 984 396 137 457 333 202 30 (323) (337) (284) (163) (980) (765) (555) (269) (1,116) (784) (584) (649) (1,257) (318)
FFO 10,400 6,891 3,319 12,239 9,082 9,299 3,016 20,384 8,533 5,391 2,615 12,349 6,899 4,421 2,672 8,442 6,654 4,415 2,028 8,498 6,505 4,491 2,044 6,738 4,783 3,116 1,434 7,124 4,920 3,134 1,552 3,357 2,217 1,224 (201) (1,941) (753)
Modified FFO 10,110 6,601 3,319 12,225 9,068 9,299 3,016 20,039 8,188 5,391 2,615 12,349 2,470 4,421 2,672 8,442 6,654 4,415 2,028 8,498 6,505 4,491 2,044 6,738 4,783 3,116 1,434 7,124 4,920 3,134 1,552 4,035 2,896 1,901 477 351 255
Total Expenses 21,345 13,840 6,667 26,904 20,169 19,973 6,720 23,264 17,198 11,707 5,738 18,859 15,129 10,096 4,905 19,069 13,908 9,207 4,810 19,784 15,011 10,148 5,205 20,325 15,277 10,123 4,871 20,960 15,302 9,997 4,846 12,585 8,746 5,730 3,385 4,739 1,834
Key Metrics
FFO Payout (%) 70.53% 141.87% 72.22% 73.44% 73.76% 70.67% 72.74% 36.19% 61.46% 64.51% 66.28% 52.92% 70.87% 73.39% 60.51% 62.93% 56.33% 56.15% 60.89% 57.01% 55.67% 53.56% 58.64% 66.83% 70.03% 71.41% 77.33% 57.21% 61.41% 62.98% 60.17% 88.61% 100.35% 120.86% (366.75)% (45.14)% (61.84)%
FFO/Total Revenue (%) 38.75% 42.68% 42.63% 36.58% 36.20% 41.71% 40% 56.95% 42.57% 40,64% 40.84% 47.73% 41.10% 40.43% 51.58% 40.61% 42.79% 42.89% 39.14% 40.41% 41.00% 42.14% 38.83% 34.75% 33.52% 33.53% 32.61% 38.86% 37.09% 36.73% 37.27% 31.72% 31.72% 27.54% (9.97)% (123.91)% (102.37)%
Total Debt/Gross Real Estate (%) 57.13% 52.42% 56.16% 56.72% 57.20% 57.06% 57.65% 58.09% 59.20% 59.89% 61.48% 62.28% 63.05% 63.11% 64.28% 61.79% 63.24% 63.21% 63.28% 63.81% 64.37% 65.21% 65.87% 66.60% 67.84% 68.35% 68.63% 68.73% 69.40% 70.09% 71.22% 72.93% 74.87% 75.43% 76.42% 73.40% 71.72%
Per Share Information ($)
FFO/Share $0.73 $0.49 $0.25 $0.90 $0.67 $0.47 $0.23 $1.84 $0.81 $0.51 $0.25 $1.20 $0.67 $0.43 $0.26 $0.99 $0.81 $0.54 $0.25 $1.06 $0.81 $0.56 $0.26 $0.88 $0.63 $0.41 $0.19 $1.01 $0.71 $0.47 $0.26 $0.63 $0.42 $0.24 $ (0.04) $ (1.02) $ (0.51)
Modified FFO per Share $0.71 $0.47 $0.25 $0.90 $0.67 $0.47 $0.23 $1.81 $0.81 $0.51 $0.25 $1.20 $0.67 $0.43 $0.26 $0.99 $0.81 $0.54 $0.25 $1.06 $0.81 $0.56 $0.26 $0.88 $0.63 $0.41 $0.19 $1.01 $0.71 $0.47 $0.26 $0.76 $0.55 $0.37 $ 0.10 $ 0.18 $ 0.17
Dividends Declared per Share $0.5160 $0.1720 $0.17190 $0.6600 $0.4950 $0.3300 $0.16500 $0.6600 $0.4950 $0.3300 $0.16500 $0.15812 - - $0.158125 $0.158125 $0.15125 $0.15125 $0.15125 $0.60375 $0.45270 $0.30180 $0.15090 $0.58938 $0.44203 $0.14730 $0.14734 $0.56375 $0.422811 $0.281874 $0.140937 $0.55 $0.4125 $0.2750 $ 0.1375 $ 0.3375 $ 0.2250
Principal Payments Schedule ($000)
Debt Due this Fiscal Year - 2,382 11,533 - - - - - - 1,392 - 944 1,820 2,739 - 12,071 12,680 16,646 0 754 1,355 1,884 - 590 590 1,173 1,745 - 505 983 1,338 - 354 602 903 - 107
Debt Due during Next Fiscal Year - - - 11,658 11,782 11,902 12,022 4,221 - - 5,338 5,203 5,080 5,080 3,090 2,662 2,474 2,359 17,346 17,189 19,941 29,132 2,500 2,409 2,409 2,409 2,026 2,033 2,033 1,859 1,758 1,407 1,258 1,258 954 537
Debt Due during Second Fiscal Year 21,805 21,984 14,737 - - - - 15,547 12,260 12,377 12,492 4,108 3,925 3,797 3,797 4,535 4,093 5,911 5,792 2,359 2,202 2,102 1,770 29,132 29,036 29,036 29,036 2,115 2,115 2,115 1,933 1,865 1,467 1,311 1,311 993 558
Debt Due during Third Fiscal Year 40,115 40,450 40,783 14,864 14,988 15,109 15,228 4,152 - - 15,428 15,234 15,100 15,100 3,235 2,780 2,453 2,330 5,792 5,636 5,532 5,189 1,770 1,670 1,670 1,670 28,729 28,729 28,729 28,537 1,941 1,525 1,362 1,362 1,033 580
Debt Due during Fourth Fiscal Year 26,564 26,677 26,797 41,115 41,203 41,586 41,968 17,598 15,468 15,584 15,696 3,912 3,709 3,569 3,569 14,517 14,046 13,707 13,580 11,515 11,407 11,052 5,189 5,085 5,085 5,085 1,350 1,350 1,350 1,149 28,512 28,078 27,908 27,908 1,073 601
Debt Due Thereafter 80,910 61,313 52,630 79,963 81,532 82,020 75,455 104,257 99,143 98,950 96,571 98,337 90,671 85,858 85,858 73,600 59,250 49,217 45,520 59,100 50,323 47,886 39,732 50,785 47,425 47,425 47,425 41,166 41,167 41,166 33,995 35,144 20,139 14,090 14,090 31,353 15,129
Shareholder Data YTD Weighted Averages
Common shares/UPREIT Units Outstanding 14,215,000 14,120,000 13,938,000 13,584,443 13,515,649 13,427,676 13,241,884 11,073,335 10,589,904 10,540,575 10,505,154 10,307,796 10,263,700 10,210,893 10,125,957 8,565,331 8,247,055 8,192,246 8,164,700 8,026,079 7,997,911 7,968,631 7,940,644 7,640,300 7,578,454 7,551,679 7,525,970 7,047,029 6,901,752 6,632,832 6,059,844 5,298,534 5,245,888 5,155,390 4,914,811 1,900,496 1,484,526
UPREIT Units Outstanding 5,184,000 5,132,000 4,985,000 4,787,484 4,756,270 4,719,198 4,602,231 3,639,081 3,339,694 3,326,831 3,326,831 3,302,486 3,294,281 3,277,737 3,228,097 2,987,107 2,963,911 2,937,431 2,937,431 2,937,431 2,937,431 2,937,431 2,937,431 2,769,877 2,735,348 2,735,348 2,735,348 2,626,518 2,589,843 2,515,884 2,397,620 2,342,335 2,340,904 2,338,018 2,329,360 752,903 430,082
Common shares Outstanding 9,031,000 8,988,000 8,953,00 8,796,949 8,759,379 8,708,478 8,639,653 7,434,254 7,250,210 7,213,744 7,178,323 7,005,310 6,969,419 6,933,156 6,897,860 5,578,224 5,283,144 5,254,815 5,227,269 5,088,648 5,060,480 5,031,200 5,003,213 4,870,423 4,843,106 4,816,331 4,790,622 4,420,510 4,311,910 4,116,948 3,662,224 2,956,198 2,904,984 2,817,372 2,585,451 1,147,593 1,054,444