Financial Highlights

Period Ended	FQ1 2026 5/12/26	FY 2025 12/31/25	FQ3 2025 09/30/2025	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	1,189,407	1,159,339	1,126,631	1,080,993	972,477	964,462	888,340	833,225	790,894
Real Estate (Less Accumulated Depreciation)	928,284	902,388	873,104	843,577	757,783	769,612	709,186	671,902	644,578
Secured Debt	612,584	592,113	584,501	596,709	518,119	534,805	493,142	421,278	393,164
Total Debt	612,584	592,113	584,501	596,709	518,119	534,805	493,142	421,278	393,164
Total Liabilities	662,287	643,036	633,454	608,772	553,512	565,255	525,349	451,501	420,639
Equity Attributable to Common Shares	160,224	159,383	152,634	153,833	124,096	123,995	116,856	107,561	102,410
Equity Attributable to Partnership Units	174,090	169,784	163,212	168,644	165,863	185,690	179,661	183,967	176,637
Accumulated AOCI	6,710	6,425	6,575	11,461	12,879	11,362	13,782	-	-
Total Equity	341,024	335,592	322,421	328,938	301,321	323,467	296,467	291,528	279,047
	Income Statement ($000)
Rental Revenue	44,147	45,440	43,730	159,306	143,631	135,060	129,324	124,616	119,460
Interest Expense	7,083	7,389	6,828	24,463	21,435	19,994	18,142	17,097	18,282
Total Revenue	45,564	57,526	43,133	160,158	146,177	145,591	133,933	129,076	120,884
Total Expense	39,794	38,633	40,456	141,814	135,919	121,059	109,495	102,097	104,825
Net Income	5,770	18,893	2,677	18,344	7,654	24,532	24,438	26,980	16,059
Net Income (Attributable to Partnership Units)	3,376	11,084	1,570	11,089	4,763	15,611	15,644	17,575	10,525
Net Income (Attributable Common Shares)	2,394	7,809	1,107	7,255	2,891	8,921	8,794	9,405	5,534
FFO	13,778	15,846	12,951	49,282	38,709	42,011	45,788	45,260	38,054
	Key Metrics
FFO Payout (%)	74.55%	65.23	66.97	72.91	88.3	80.09	65.69	65.35	74.15
FFO/ Total Revenue (%)	30.24%	27.55	30.03	30.77	26.48	28.86	34.19	35.06	31.48
Total Debt/ Gross Real Estate (%)	51.50%	51.07	51.88	55.39	53.28	55.45	55.51	50.56	49.71
	Per Share Information ($)
FFO / Share	0.43	0.5	0.41	1.63	1.3	1.44	1.61	1.62	1.4
Modified FFO per Share	0.42	0.48	NA	NA	NA	NA	NA	NA	NA
	Principal Payments Schedule ($000)
Debt Due this Fiscal Year	76,840	-	36,329	-	6,020	-	-	-	30,040
Debt Due during Next Fiscal Year	80,141	88,481	71,777	62,228	22,304	53,341	21,404	26,595	38,756
Debt Due during Second Fiscal Year	47,971	79,586	79,440	71,332	53,288	22,376	52,373	49,886	26,458
Debt Due during Third Fiscal Year	92,323	47,474	47,291	78,971	69,259	53,130	21,939	18,873	49,220
Debt Due during Fourth Fiscal Year	86,326	91,801	91,648	42,581	79,821	45,546	52,379	50,489	19,054
Debt Due Thereafter	200,847	262,915	242,635	311,514	295,481	333,913	347,555	247,228	236,688

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