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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental revenues $ 313,006,000 $ 259,673,000 $ 186,301,000
Expense recoveries 97,989,000 75,425,000 45,875,000
Interest income on real estate loans and other 11,556,000 8,486,000 8,858,000
Revenues 422,551,000 343,584,000 241,034,000
Expenses:      
Interest expense 66,183,000 47,008,000 23,864,000
General and administrative 28,816,000 22,957,000 18,397,000
Operating expenses 122,620,000 97,035,000 65,999,000
Depreciation and amortization 158,389,000 125,159,000 86,589,000
Acquisition expenses 0 16,744,000 14,778,000
Impairment loss 0 965,000 0
Total expenses 376,008,000 309,868,000 209,627,000
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 46,543,000 33,716,000 31,407,000
Equity in income of unconsolidated entities 114,000 183,000 115,000
Gain on sale of investment properties, net 11,664,000 5,874,000 0
Net income 58,321,000 39,773,000 31,522,000
Net income attributable to noncontrolling interests:      
Operating Partnership (1,576,000) (1,136,000) (825,000)
Partially owned properties [1] (515,000) (491,000) (716,000)
Net income attributable to controlling interest 56,230,000 38,146,000 29,981,000
Preferred distributions (1,340,000) (731,000) (1,857,000)
Net income attributable to common shareholders $ 54,890,000 $ 37,415,000 $ 28,124,000
Net income per share:      
Basic (in dollars per share) $ 0.30 $ 0.23 $ 0.22
Diluted (in dollars per share) $ 0.30 $ 0.23 $ 0.22
Weighted average common shares:      
Basic (in shares) 182,064,064 163,123,109 126,143,114
Diluted (in shares) 187,526,762 168,231,299 130,466,893
Dividends and distributions declared per common share and OP unit (in dollars per share) $ 0.920 $ 0.915 $ 0.900
Operating Partnership      
Revenues:      
Rental revenues $ 313,006,000 $ 259,673,000 $ 186,301,000
Expense recoveries 97,989,000 75,425,000 45,875,000
Interest income on real estate loans and other 11,556,000 8,486,000 8,858,000
Revenues 422,551,000 343,584,000 241,034,000
Expenses:      
Interest expense 66,183,000 47,008,000 23,864,000
General and administrative 28,816,000 22,957,000 18,397,000
Operating expenses 122,620,000 97,035,000 65,999,000
Depreciation and amortization 158,389,000 125,159,000 86,589,000
Acquisition expenses 0 16,744,000 14,778,000
Impairment loss 0 965,000 0
Total expenses 376,008,000 309,868,000 209,627,000
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 46,543,000 33,716,000 31,407,000
Equity in income of unconsolidated entities 114,000 183,000 115,000
Gain on sale of investment properties, net 11,664,000 5,874,000 0
Net income 58,321,000 39,773,000 31,522,000
Net income attributable to noncontrolling interests:      
Partially owned properties [1] (515,000) (491,000) (716,000)
Net income attributable to controlling interest 57,806,000 39,282,000 30,806,000
Preferred distributions (1,340,000) (731,000) (1,857,000)
Net income attributable to common shareholders $ 56,466,000 $ 38,551,000 $ 28,949,000
Earnings per unit:      
Earnings per unit - basic (in dollars per share) $ 0.30 $ 0.23 $ 0.22
Earnings per unit - diluted (in dollars per share) $ 0.30 $ 0.23 $ 0.22
Weighted average common units - basic (in shares) 187,393,334 167,963,076 129,835,209
Weighted average common units - diluted (in shares) 187,526,762 168,231,299 130,466,893
Distributions declared per common OP Unit (in dollars per share) $ 0.920 $ 0.915 $ 0.900
[1] Includes amounts attributable to redeemable noncontrolling interest.