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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue from tenants $ 81,109 $ 76,119 $ 160,351 $ 151,587
Expenses (income):        
Property operating 7,835 7,049 15,212 14,408
Operating fees to related parties 8,874 8,162 17,668 16,205
Acquisition, transaction and other costs (Note 9) 33 847 313 1,109
General and administrative 3,412 2,318 6,373 5,524
Equity-based compensation 2,513 2,429 5,001 4,538
Depreciation and amortization 33,984 31,084 67,517 62,387
Total expenses 56,651 51,889 112,084 104,171
Operating income before gain (loss) on dispositions of real estate investments 24,458 24,230 48,267 47,416
Gain (loss) on dispositions of real estate investments (153) 6,923 (153) 7,815
Operating income 24,305 31,153 48,114 55,231
Other income (expense):        
Interest expense (17,529) (15,689) (33,969) (30,851)
Loss on extinguishment of debt (309) (765) (309) (765)
(Loss) gain on derivative instruments (317) 1,390 2,826 1,630
Unrealized income on undesignated foreign currency advances and other hedge ineffectiveness 0 0 0 76
Other income 71 19 119 23
Total other expense, net (18,084) (15,045) (31,333) (29,887)
Net income before income tax 6,221 16,108 16,781 25,344
Income tax expense (691) (780) (1,650) (1,740)
Net income 5,530 15,328 15,131 23,604
Preferred stock dividends (4,564) (2,707) (9,127) (5,192)
Net income attributable to common stockholders $ 966 $ 12,621 $ 6,004 $ 18,412
Basic and Diluted Earnings Per Share:        
Basic and diluted net income per share attributable to common stockholders (in dollars per share) $ 0.01 $ 0.15 $ 0.06 $ 0.22
Weighted average common shares outstanding:        
Basic (in shares) 89,470,114 83,847,120 89,464,433 82,667,421
Diluted (in shares) 90,102,709 85,165,549 90,097,029 83,985,850