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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Rental revenues and tenant expense reimbursements $ 99,635 $ 82,920 $ 278,912 $ 237,106
Total revenues 99,635 82,920 278,912 237,106
COSTS AND EXPENSES        
Property operating expenses 25,599 20,469 70,261 57,436
Depreciation and amortization 24,058 18,245 68,009 54,636
General and administrative 10,775 9,119 31,828 28,205
Acquisition costs and other 11 51 47 126
Total costs and expenses 60,443 47,884 170,145 140,403
OTHER INCOME (EXPENSE)        
Interest and other income 2,347 1,093 9,572 4,029
Interest expense, including amortization (4,900) (5,814) (15,660) (19,089)
Gain on sales of real estate investments 0 0 5,715 12,257
Total other (expense) income (2,553) (4,721) (373) (2,803)
Net income 36,639 30,315 108,394 93,900
Allocation to participating securities (156) (150) (466) (437)
Net income available to common stockholders - basic 36,483 30,165 107,928 93,463
Net income available to common stockholders - diluted $ 36,483 $ 30,165 $ 107,928 $ 93,463
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:        
Net income available to common stockholders - basic (in dollars per share) $ 0.37 $ 0.36 $ 1.14 $ 1.13
Net income available to common stockholders - diluted (in dollars per share) $ 0.37 $ 0.36 $ 1.14 $ 1.13
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 97,561,792 84,041,413 94,253,923 82,366,365
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 97,870,794 84,266,740 94,598,279 82,597,824