XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental and related revenues $ 126,676 $ 107,955
Interest income on real estate loans and other 3,714 5,384
Total revenues 130,390 113,339
Expenses:    
Interest expense 16,823 13,715
General and administrative 10,293 9,465
Operating expenses 41,752 33,934
Depreciation and amortization 47,260 37,976
Total expenses 116,128 95,090
Income before equity in loss of unconsolidated entities and loss on sale of investment properties, net: 14,262 18,249
Equity in loss of unconsolidated entities (166) (420)
Loss on sale of investment properties, net (153) (24)
Net income 13,943 17,805
Net income attributable to noncontrolling interests:    
Operating Partnership (692) (459)
Partially owned properties [1] (159) (152)
Net income attributable to controlling interest 13,092 17,194
Preferred distributions 0 (13)
Net income attributable to common shareholders $ 13,092 $ 17,181
Net income per share:    
Basic (in dollars per share) $ 0.06 $ 0.08
Diluted (in dollars per share) $ 0.06 $ 0.08
Weighted average common shares:    
Weighted average common shares - basic (in shares) 225,069,208 210,529,698
Weighted average common shares - diluted (in shares) 238,340,243 217,322,425
Dividends and distributions declared per common share (in usd per share) $ 0.23 $ 0.23
[1] Includes amounts attributable to redeemable noncontrolling interests.