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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE:        
Rental and other property revenue $ 161,891      
Total revenue 162,188 $ 158,402 $ 323,431 $ 318,937
EXPENSES:        
Property operating expenses 60,935 60,883 120,198 120,854
Property management expenses 7,715 7,666 15,541 15,165
General and administrative expenses 5,982 6,244 14,388 14,624
Depreciation and amortization expense 59,794 54,127 118,521 107,850
Casualty losses 255 465 139 2,767
Total expenses 134,681 129,385 268,787 261,260
Interest expense (18,773) (17,460) (38,121) (38,063)
(Loss on impairment) gain on sale of real estate assets, net 0 (152) 1,496 10,378
(Loss) gain on extinguishment of debt 0 0 (67) 203
Other loss 0 0 (103) (1)
Loss from investments in unconsolidated real estate entities (562) (850) (1,151) (1,679)
Net income: 8,172 10,555 16,698 28,515
Income allocated to noncontrolling interest (126) (201) (298) (585)
Net income allocable to common shares $ 8,046 $ 10,354 $ 16,400 $ 27,930
Earnings per share:        
Basic (in dollars per share) $ 0.03 $ 0.05 $ 0.07 $ 0.12
Diluted (in dollars per share) $ 0.03 $ 0.05 $ 0.07 $ 0.12
Weighted-average shares:        
Basic (in shares) 233,496,633 224,793,229 232,117,768 224,710,259
Diluted (in shares) 234,131,752 225,418,825 233,041,087 225,403,082
Real Estate [Member]        
REVENUE:        
Rental and other property revenue   $ 158,104 $ 322,796 $ 318,436
Product and Service, Other [Member]        
REVENUE:        
Other revenue $ 297 $ 298 $ 635 $ 501