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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental income $ 188,205 $ 180,296 $ 561,765 $ 520,930
Interest income on loans receivable 1,506 521 3,919 1,362
Earned income from direct financing leases 131 131 393 393
Other operating income 3,533 1,956 4,888 3,550
Total revenues 193,375 182,904 570,965 526,235
Expenses:        
General and administrative 14,062 14,313 45,016 42,408
Property costs (including reimbursable) 8,382 7,395 24,077 22,600
Deal pursuit costs 342 470 1,174 1,490
Interest 36,919 30,956 104,993 84,573
Depreciation and amortization 79,370 74,600 236,527 216,606
Impairments 19,258 1,571 36,052 11,096
Total expenses 158,333 129,305 447,839 378,773
Other income:        
Loss on debt extinguishment     0 (172)
Gain on disposition of assets 3,661 23,302 66,450 63,107
Other income       5,679
Total other income 3,661 23,302 66,450 68,614
Income before income tax expense 38,703 76,901 189,576 216,076
Income tax expense (235) (261) (754) (640)
Net income 38,468 76,640 188,822 215,436
Dividends paid to preferred shareholders (2,587) (2,587) (7,763) (7,763)
Net income attributable to common stockholders $ 35,881 $ 74,053 $ 181,059 $ 207,673
Net income per share attributable to common stockholders:        
Basic (in USD per share) $ 0.25 $ 0.54 $ 1.28 $ 1.56
Diluted (in USD per share) $ 0.25 $ 0.54 $ 1.28 $ 1.56
Weighted average shares of common stock outstanding:        
Basic (in shares) 141,124,401 136,314,369 141,094,907 132,835,210
Diluted (in shares) [1] 141,149,865 136,314,369 141,103,395 132,965,297
Dividends declared per common share/per partnership unit issued (in USD per share) $ 0.6696 $ 0.663 $ 1.9956 $ 1.939
[1] Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive.