XML 21 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Rental revenues and tenant expense reimbursements $ 323,590 $ 276,212 $ 221,930
Total revenues 323,590 276,212 221,930
COSTS AND EXPENSES      
Property operating expenses 79,085 68,903 56,248
Depreciation and amortization 73,219 65,763 50,687
General and administrative 37,935 31,192 26,964
Acquisition costs and other 218 1,465 172
Total costs and expenses 190,457 167,323 134,071
OTHER INCOME (EXPENSE)      
Interest and other income 4,964 809 822
Interest expense, including amortization (24,796) (23,850) (18,054)
Gain on sales of real estate investments 38,156 112,166 16,627
Total other income (expense) 18,324 89,125 (605)
Net income 151,457 198,014 87,254
Allocation to participating securities (712) (854) (311)
Net income available to common stockholders - basic 150,745 197,160 $ 86,943
Net income available to common stockholders - diluted $ 150,745 $ 197,160  
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:      
Net income available to common stockholders - basic (in dollars per share) $ 1.81 $ 2.61 $ 1.23
Net income available to common stockholders - diluted (in dollars per share) $ 1.81 $ 2.61 $ 1.23
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 83,169,028 75,498,107 70,534,202
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 83,371,099 75,586,480 70,793,670