Financial Highlights
    Period Ended
    2025 FQ1
    03/31/2025
    FY 2024
    12/31/2024
    FY 2023
    12/31/2023
    FY 2022
    12/31/2022
    FY 2021
    12/31/2021
    FY 2020
    12/31/2020
    FY 2019
    12/31/2019
    Balance Sheet ($000)
    Real Estate 1,086,706 1,080,993 972,477 964,462 888,340 833,225 790,894
    Real Estate (Less Accumulated Depreciation) 843,111 843,577 757,783 769,612 709,186 671,902 644,578
    Secured Debt 580,259 596,709 518,119 534,805 493,142 421,278 393,164
    Total Debt 580,259 596,709 518,119 534,805 493,142 421,278 393,164
    Total Liabilities 618,298 608,772 553,512 565,255 525,349 451,501 420,639
    Equity Attributable to Common Shares 153,521 153,833 124,096 123,995 116,856 107,561 102,410
    Equity Attributable to Partnership Units 160,445 168,644 165,863 185,690 179,661 183,967 176,637
    Accumulated AOCI 8,679 11,461 12,879 11,362 13,782 - -
    Total Equity 322,645 328,938 301,321 323,467 296,467 291,528 279,047
    Income Statement ($000)
    Rental Revenue 42,180 159,306 143,631 135,060 129,324 124,616 119,460
    Interest Expense 6,270 24,463 21,435 19,994 18,142 17,097 18,282
    Total Revenue 41,397 160,158 146,177 145,591 133,933 129,076 120,884
    Total Expense 36,490 141,814 135,919 121,059 109,495 102,097 104,825
    Net Income 4,907 18,344 7,654 24,532 24,438 26,980 16,059
    Net Income (Attributable to Partnership Units) 2,801 11,089 4,763 15,611 15,644 17,575 10,525
    Net Income (Attributable Common Shares) 2,106 7,255 2,891 8,921 8,794 9,405 5,534
    FFO 14,009 49,282 38,709 42,011 45,788 45,260 38,054
    Key Metrics
    FFO Payout (%) 67.33 72.91 88.30 80.09 65.69 65.35 74.15
    FFO/ Total Revenue (%) 33.84 30.77 26.48 28.86 34.19 35.06 31.48
    Total Debt/ Gross Real Estate (%) 53.40 55.39 53.28 55.45 55.51 50.56 49.71
    Per Share Information ($)
    FFO / Share 0.45 1.63 1.30 1.44 1.61 1.62 1.40
    Modified FFO per Share NA NA NA NA NA NA NA
    Principal Payments Schedule ($000)
    Debt Due this Fiscal Year 58,303 - 6,020 - - - 30,040
    Debt Due during Next Fiscal Year 71,411 62,228 22,304 53,341 21,404 26,595 38,756
    Debt Due during Second Fiscal Year 79,053 71,332 53,288 22,376 52,373 49,886 26,458
    Debt Due during Third Fiscal Year 46,885 78,971 69,259 53,130 21,939 18,873 49,220
    Debt Due during Fourth Fiscal Year 91,220 42,581 79,821 45,546 52,379 50,489 19,054
    Debt Due Thereafter 213,110 311,514 295,481 333,913 347,555 247,228 236,688
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