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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Rental revenues and tenant expense reimbursements $ 382,621 $ 323,590 $ 276,212
Total revenues 382,621 323,590 276,212
COSTS AND EXPENSES      
Property operating expenses 98,090 79,085 68,903
Depreciation and amortization 93,916 73,219 65,763
General and administrative 42,587 37,935 31,192
Acquisition costs and other 72 218 1,465
Total costs and expenses 234,665 190,457 167,323
OTHER INCOME (EXPENSE)      
Interest and other income 12,083 4,964 809
Interest expense, including amortization (20,921) (24,796) (23,850)
Gain on sales of real estate investments 45,379 38,156 112,166
Total other income 36,541 18,324 89,125
Net income 184,497 151,457 198,014
Allocation to participating securities (791) (712) (854)
Net income available to common stockholders - basic 183,706 150,745 197,160
Net income available to common stockholders - diluted $ 183,706 $ 150,745 $ 197,160
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:      
Net income available to common stockholders - basic (in dollars per share) $ 1.92 $ 1.81 $ 2.61
Net income available to common stockholders - diluted (in dollars per share) $ 1.92 $ 1.81 $ 2.61
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 95,524,549 83,169,028 75,498,107
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 95,842,137 83,371,099 75,586,480