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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental and related revenues $ 127,728 $ 107,748 $ 254,404 $ 215,703
Interest income on real estate loans and other 4,439 5,177 8,153 10,561
Total revenues 132,167 112,925 262,557 226,264
Expenses:        
Interest expense 17,234 13,541 34,057 27,256
General and administrative 10,028 9,117 20,321 18,582
Operating expenses 42,681 33,456 84,433 67,390
Depreciation and amortization 47,702 38,105 94,962 76,081
Total expenses 117,645 94,219 233,773 189,309
Income before equity in loss of unconsolidated entities and gain on sale of investment properties, net: 14,522 18,706 28,784 36,955
Equity in loss of unconsolidated entities (224) (403) (390) (823)
Gain on sale of investment properties, net 3,634 378 3,481 354
Net income 17,932 18,681 31,875 36,486
Net income attributable to noncontrolling interests:        
Operating Partnership (886) (417) (1,578) (876)
Partially owned properties [1] (155) (151) (314) (303)
Net income attributable to controlling interest 16,891 18,113 29,983 35,307
Preferred distributions 0 0 0 (13)
Net income attributable to common shareholders $ 16,891 $ 18,113 $ 29,983 $ 35,294
Net income per share:        
Basic (in dollars per share) $ 0.07 $ 0.08 $ 0.13 $ 0.17
Diluted (in dollars per share) $ 0.07 $ 0.08 $ 0.13 $ 0.16
Weighted average common shares:        
Weighted average common shares - basic (in shares) 225,617,275 215,837,520 225,344,756 213,198,272
Weighted average common shares - diluted (in shares) 239,006,973 222,660,502 238,738,465 220,053,306
Dividends and distributions declared per common share (in usd per share) $ 0.23 $ 0.23 $ 0.46 $ 0.46
[1] Includes amounts attributable to redeemable noncontrolling interests.