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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Rental income $ 459,872 $ 397,452 $ 387,108
Expenses:      
Property operating expense 61,259 57,461 55,301
Property tax expense 41,248 37,590 37,035
Property management fees to non-affiliates 4,066 3,656 3,528
General and administrative expenses 40,479 38,633 26,078
Corporate operating expenses to affiliates 2,520 2,500 2,745
Impairment provision 4,242 23,472 30,734
Depreciation and amortization 209,638 161,056 153,425
Total expenses 363,452 324,368 308,846
Income before other income (expenses) 96,420 73,084 78,262
Other income (expenses):      
Interest expense (85,087) (79,646) (73,557)
Management fee income from affiliates 0 0 6,368
Other income, net 1,521 3,228 1,340
Gain (loss) from investment in unconsolidated entities 8 (6,523) (5,307)
(Loss) gain from disposition of assets (326) 4,083 29,938
Transaction expense (966) 0 0
Net income (loss) 11,570 (5,774) 37,044
Distributions to redeemable preferred shareholders (9,698) (8,708) (8,188)
Net (income) loss attributable to noncontrolling interests (66) 1,732 (3,749)
Net income (loss) attributable to controlling interest 1,806 (12,750) 25,107
Distributions to redeemable noncontrolling interests attributable to common stockholders (177) (208) (320)
Net income (loss) attributable to common stockholders $ 1,629 $ (12,958) $ 24,787
Net income (loss) attributable to common stockholders per share, basic (in usd per share) $ 0 $ (0.06) $ 0.11
Net income (loss) attributable to common stockholders per share, diluted (in usd per share) $ 0 $ (0.06) $ 0.11
Weighted average number of common shares outstanding - basic (shares) 309,250,873 230,042,543 222,531,173
Weighted average number of common shares outstanding - diluted (shares) 309,250,873 230,042,543 222,531,173