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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental revenue $ 181,713,000 $ 169,922,000
Fee and other income 6,761,000 13,763,000
Total revenues 188,474,000 183,685,000
Expenses:    
Operating 70,309,000 66,661,000
Depreciation and amortization 58,888,000 55,624,000
General and administrative 14,623,000 15,645,000
Transaction related costs 128,000 117,000
Total expenses 143,948,000 138,047,000
Other income (expense):    
Income from real estate related fund investments 3,550,000 0
(Loss) income from unconsolidated real estate related funds (178,000) 170,000
Loss from unconsolidated joint ventures (5,762,000) (5,113,000)
Interest and other income, net 2,925,000 231,000
Interest and debt expense (36,459,000) (34,277,000)
Income before income taxes 8,602,000 6,649,000
Income tax expense (288,000) (527,000)
Net income 8,314,000 6,122,000
Less net (income) loss attributable to noncontrolling interests in:    
Consolidated joint ventures (5,641,000) (3,425,000)
Consolidated real estate related funds (823,000) 1,016,000
Operating Partnership (121,000) (342,000)
Net income attributable to common stockholders $ 1,729,000 $ 3,371,000
Income per Common Share - Basic:    
Income per common share $ 0.01 $ 0.02
Weighted average shares outstanding 216,563,108 218,782,296
Income per Common Share - Diluted:    
Income per common share $ 0.01 $ 0.02
Weighted average shares outstanding 216,617,020 218,840,094