Financial Highlights

Period Ended2025 FQ3 09/30/2025FY 2024 12/31/2024FY 2023 12/31/2023FY 2022 12/31/2022FY 2021 12/31/2021FY 2020 12/31/2020FY 2019 12/31/2019
Balance Sheet ($000)
Real Estate1,126,6311,080,993972,477964,462888,340833,225790,894
Real Estate (Less Accumulated Depreciation)873,104843,577757,783769,612709,186671,902644,578
Secured Debt584,501596,709518,119534,805493,142421,278393,164
Total Debt584,501596,709518,119534,805493,142421,278393,164
Total Liabilities633,454608,772553,512565,255525,349451,501420,639
Equity Attributable to Common Shares152,634153,833124,096123,995116,856107,561102,410
Equity Attributable to Partnership Units163,212168,644165,863185,690179,661183,967176,637
Accumulated AOCI6,57511,46112,87911,36213,782--
Total Equity322,421328,938301,321323,467296,467291,528279,047
Income Statement ($000)
Rental Revenue43,730159,306143,631135,060129,324124,616119,460
Interest Expense6,82824,46321,43519,99418,14217,09718,282
Total Revenue43,133160,158146,177145,591133,933129,076120,884
Total Expense40,456141,814135,919121,059109,495102,097104,825
Net Income2,67718,3447,65424,53224,43826,98016,059
Net Income (Attributable to Partnership Units)1,57011,0894,76315,61115,64417,57510,525
Net Income (Attributable Common Shares)1,1077,2552,8918,9218,7949,4055,534
FFO12,95149,28238,70942,01145,78845,26038,054
Key Metrics
FFO Payout (%)66.9772.9188.380.0965.6965.3574.15
FFO/ Total Revenue (%)30.0330.7726.4828.8634.1935.0631.48
Total Debt/ Gross Real Estate (%)51.8855.3953.2855.4555.5150.5649.71
Per Share Information ($)
FFO / Share0.411.631.31.441.611.621.4
Modified FFO per ShareNANANANANANANA
Principal Payments Schedule ($000)
Debt Due this Fiscal Year36,329-6,020---30,040
Debt Due during Next Fiscal Year71,77762,22822,30453,34121,40426,59538,756
Debt Due during Second Fiscal Year79,44071,33253,28822,37652,37349,88626,458
Debt Due during Third Fiscal Year47,29178,97169,25953,13021,93918,87349,220
Debt Due during Fourth Fiscal Year91,64842,58179,82145,54652,37950,48919,054
Debt Due Thereafter242,635311,514295,481333,913347,555247,228236,688