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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental and related revenues $ 127,381,000 $ 110,314,000 $ 381,785,000 $ 326,017,000
Interest income on real estate loans and other 4,132,000 4,997,000 12,285,000 15,558,000
Total revenues 131,513,000 115,311,000 394,070,000 341,575,000
Expenses:        
Interest expense 18,299,000 13,498,000 52,356,000 40,754,000
General and administrative 10,079,000 9,534,000 30,400,000 28,116,000
Operating expenses 43,647,000 35,679,000 128,080,000 103,069,000
Depreciation and amortization 47,040,000 38,582,000 142,002,000 114,663,000
Impairment loss 0 340,000 0 340,000
Total expenses 119,065,000 97,633,000 352,838,000 286,942,000
Income before equity in loss of unconsolidated entities and gain on sale of investment properties, net: 12,448,000 17,678,000 41,232,000 54,633,000
Equity in loss of unconsolidated entities (62,000) (390,000) (452,000) (1,213,000)
Gain on sale of investment properties, net 53,894,000 4,757,000 57,375,000 5,111,000
Net income 66,280,000 22,045,000 98,155,000 58,531,000
Net income attributable to noncontrolling interests:        
Operating Partnership (3,252,000) (529,000) (4,830,000) (1,405,000)
Partially owned properties [1] (70,000) (152,000) (384,000) (455,000)
Net income attributable to controlling interest 62,958,000 21,364,000 92,941,000 56,671,000
Preferred distributions 0 0 0 (13,000)
Net income attributable to common shareholders $ 62,958,000 $ 21,364,000 $ 92,941,000 $ 56,658,000
Net income per share:        
Basic (in dollars per share) $ 0.28 $ 0.10 $ 0.41 $ 0.26
Diluted (in dollars per share) $ 0.28 $ 0.10 $ 0.41 $ 0.26
Weighted average common shares:        
Weighted average common shares - basic (in shares) 226,529,041 217,406,657 225,743,856 214,616,482
Weighted average common shares - diluted (in shares) 239,898,462 223,992,049 239,145,383 221,399,649
Dividends and distributions declared per common share (in usd per share) $ 0.23 $ 0.23 $ 0.69 $ 0.69
[1] Includes amounts attributable to redeemable noncontrolling interests.