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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental and related revenues $ 131,178 $ 129,328 $ 262,576 $ 257,119
Interest income on real estate loans and other 3,922 2,839 6,868 5,438
Total revenues 135,100 132,167 269,444 262,557
Expenses:        
Interest expense 20,634 17,234 39,787 34,057
General and administrative 10,162 10,028 21,362 20,321
Operating expenses 45,075 42,681 90,469 84,433
Depreciation and amortization 47,946 47,702 95,623 94,962
Total expenses 123,817 117,645 247,241 233,773
Income before equity in gain (loss) of unconsolidated entities and gain on sale of investment properties, net: 11,283 14,522 22,203 28,784
Equity in gain (loss) of unconsolidated entities 1,802 (224) 1,538 (390)
Gain on sale of investment properties, net 0 3,634 13 3,481
Net income 13,085 17,932 23,754 31,875
Net income attributable to noncontrolling interests:        
Operating Partnership (515) (886) (938) (1,578)
Partially owned properties [1] (26) (155) (70) (314)
Net income attributable to common shareholders $ 12,544 $ 16,891 $ 22,746 $ 29,983
Net income per share:        
Basic (in dollars per share) $ 0.05 $ 0.07 $ 0.10 $ 0.13
Diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.10 $ 0.13
Weighted average common shares:        
Weighted average common shares - basic (in shares) 238,399,653 225,617,275 237,944,378 225,344,756
Weighted average common shares - diluted (in shares) 249,228,221 239,006,973 249,069,697 238,738,465
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.