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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue from tenants $ 82,711 $ 77,942 $ 243,062 $ 229,529
Expenses (income):        
Property operating 7,525 8,205 22,737 22,613
Operating fees to related parties 8,939 8,220 26,607 24,425
Impairment charges 0 6,375 0 6,375
Acquisition, transaction and other costs (Note 9) 75 192 388 1,301
General and administrative 2,641 3,250 9,014 8,774
Equity-based compensation 2,479 2,501 7,480 7,039
Depreciation and amortization 35,049 31,620 102,566 94,007
Total expenses 56,708 60,363 168,792 164,534
Operating income before gain (loss) on dispositions of real estate investments 26,003 17,579 74,270 64,995
Gain (loss) on dispositions of real estate investments 0 6,977 (153) 14,792
Operating income 26,003 24,556 74,117 79,787
Other income (expense):        
Interest expense (18,677) (16,154) (52,646) (47,005)
Loss on extinguishment of debt 0 (563) (309) (1,328)
(Loss) gain on derivative instruments (2,464) 3,044 362 4,674
Unrealized income on undesignated foreign currency advances and other hedge ineffectiveness 0 0 0 76
Other income (loss) 142 (2) 261 21
Total other expense, net (20,999) (13,675) (52,332) (43,562)
Net income before income tax 5,004 10,881 21,785 36,225
Income tax expense (862) (940) (2,512) (2,680)
Net income 4,142 9,941 19,273 33,545
Preferred stock dividends (4,644) (3,081) (13,771) (8,273)
Net (loss) income attributable to common stockholders $ (502) $ 6,860 $ 5,502 $ 25,272
Weighted average shares outstanding - Basic (in shares) 89,482,577 85,254,638 89,470,525 83,539,304
Weighted average shares outstanding - Diluted (in shares) 89,482,577 86,202,582 89,470,525 84,487,248
Net income (loss) per share attributable to common stockholders - Basic and Diluted (in dollars per share) $ (0.01) $ 0.08 $ 0.06 $ 0.30