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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Rental revenues and tenant expense reimbursements $ 221,930 $ 186,884 $ 171,022
Total revenues 221,930 186,884 171,022
COSTS AND EXPENSES      
Property operating expenses 56,248 49,096 44,201
Depreciation and amortization 50,687 45,875 44,015
General and administrative 26,964 23,489 23,924
Acquisition costs 172 271 45
Total costs and expenses 134,071 118,731 112,185
OTHER INCOME (EXPENSE)      
Interest and other income 822 873 3,815
Interest expense, including amortization (18,054) (15,997) (16,338)
Loss on extinguishment of debt 0 0 (189)
Gain on sales of real estate investments 16,627 26,766 9,391
Total other income (expense) (605) 11,642 (3,321)
Net income 87,254 79,795 55,516
Allocation to participating securities (311) (400) (351)
Net income available to common stockholders $ 86,943 $ 79,395 $ 55,165
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:      
Net income available to common stockholders - basic (in dollars per share) $ 1.23 $ 1.17 $ 0.86
Net income available to common stockholders - diluted (in dollars per share) $ 1.23 $ 1.16 $ 0.85
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 70,534,202 67,762,927 64,428,406
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 70,793,670 68,170,066 64,722,976