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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Rental revenues and tenant expense reimbursements $ 112,234 $ 94,247 $ 222,654 $ 179,277
Total revenues 112,234 94,247 222,654 179,277
COSTS AND EXPENSES        
Property operating expenses 27,908 23,772 56,675 44,662
Depreciation and amortization 28,024 23,012 54,953 43,951
General and administrative 12,350 10,543 24,084 21,053
Acquisition costs and other 229 36 231 36
Total costs and expenses 68,511 57,363 135,943 109,702
OTHER INCOME (EXPENSE)        
Interest and other income 1,944 4,332 3,167 7,225
Interest expense, including amortization (7,037) (5,520) (14,964) (10,760)
Gain on sales of real estate investments 54,643 0 66,485 5,715
Total other income (expense) 49,550 (1,188) 54,688 2,180
Net income 93,273 35,696 141,399 71,755
Allocation to participating securities (396) (156) (604) (310)
Net income available to common stockholders - basic 92,877 35,540 140,795 71,445
Net income available to common stockholders - diluted $ 92,877 $ 35,540 $ 140,795 $ 71,445
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:        
Net income available to common stockholders - basic (in dollars per share) $ 0.90 $ 0.37 $ 1.38 $ 0.77
Net income available to common stockholders - diluted (in dollars per share) $ 0.90 $ 0.37 $ 1.38 $ 0.77
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 102,888,326 96,289,755 101,833,931 92,581,813
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 103,012,111 96,406,139 102,063,801 92,950,015