Financial Highlights
    Period Ended
    2024 FQ3 YTD
    9/30/2024
    2023 FY
    12/31/2023
    2022 FY
    12/31/2022
    2021 FY
    12/31/2021
    2020 FY
    12/31/2020
    2019 FY
    12/31/2019
    2018 FY
    12/31/2018
    Balance Sheet ($000)
    Real Estate 1,080,289 972,477 964,462 888,340 833,225 790,894 789,335
    Real Estate (Less Accumulated Depreciation) 849,158 757,783 769,612 709,186 671,902 644,578 661,223
    Secured Debt 596,516 518,119 534,805 493,142 421,278 393,164 406,017
    Total Debt 596,516 518,119 534,805 493,142 421,278 393,164 406,017
    Total Liabilities 635,543 553,512 565,255 525,349 451,501 420,639 430,716
    Equity Attributable to Common Shares 130,104 124,096 123,995 116,856 107,561 102,410 97,853
    Equity Attributable to Partnership Units 168,384 165,863 185,690 179,661 183,967 176,637 185,898
    Accumulated AOCI 10,890 12,879 11,362 13,782 - - -
    Total Equity 309,378 301,321 323,467 296,467 291,528 279,047 283,751
    Income Statement ($000)
    Rental Revenue 118,034 143,631 135,060 129,324 124,616 119,460 116,051
    Interest Expense 17,455 21,435 19,994 18,142 17,097 18,282 18,329
    Total Revenue 120,016 146,177 145,591 133,933 129,076 120,884 118,425
    Total Expense 105,101 135,919 121,059 109,495 102,097 104,825 100,163
    Net Income 14,915 7,654 24,532 24,438 26,980 16,059 21,978
    Net Income (Attributable to Partnership Units) 9,154 4,763 15,611 15,644 17,575 10,525 14,604
    Net Income (Attributable Common Shares) 5,761 2,891 8,921 8,794 9,405 5,534 7,374
    FFO 36,743 38,709 42,011 45,788 45,260 38,054 40,154
    Modified FFO NA NA NA NA NA NA NA
    Key Metrics
    FFO Payout (%)(%) 70.97 88.30 80.09 65.69 65.35 74.15 66.49
    FFO/ Total Revenue (%)(%) 30.62 26.48 28.86 34.19 35.06 31.48 33.91
    Total Debt/ Gross Real Estate (%)(%) 55.22 53.28 55.45 55.51 50.56 49.71 51.44
    Per Share Information ($)
    FFO / Share 1.22 1.30 1.44 1.61 1.62 1.40 1.52
    Modified FFO per Share NA NA NA NA NA NA NA
    Principal Payments Schedule ($000)
    Debt Due this Fiscal Year 6,020 - - - 30,040 24,862 25,076
    Debt Due during Next Fiscal Year 104,311 22,304 53,341 21,404 26,595 38,756 28,689
    Debt Due during Second Fiscal Year 71,346 53,288 22,376 52,373 49,886 26,458 46,617
    Debt Due during Third Fiscal Year 79,065 69,259 53,130 21,939 18,873 49,220 31,868
    Debt Due during Fourth Fiscal Year 42,698 79,821 45,546 52,379 50,489 19,054 47,746
    Debt Due Thereafter 280,399 295,481 333,913 347,555 247,228 236,688 228,343
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