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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental revenue $ 179,723,000 $ 181,713,000
Fee and other income 9,154,000 6,761,000
Total revenues 188,877,000 188,474,000
Expenses:    
Operating 71,740,000 70,309,000
Depreciation and amortization 61,114,000 58,888,000
General and administrative 16,634,000 14,623,000
Transaction related costs 178,000 128,000
Total expenses 149,666,000 143,948,000
Other income (expense):    
(Loss) income from real estate related fund investments (43,000) 3,550,000
Income (loss) from unconsolidated real estate related funds 105,000 (178,000)
Loss from unconsolidated joint ventures (1,346,000) (5,762,000)
Interest and other income, net 19,420,000 2,925,000
Interest and debt expense (40,269,000) (36,459,000)
Income before income taxes 17,078,000 8,602,000
Income tax expense (347,000) (288,000)
Net income 16,731,000 8,314,000
Less net income attributable to noncontrolling interests in:    
Consolidated joint ventures (5,206,000) (5,641,000)
Consolidated real estate related funds (762,000) (823,000)
Operating Partnership (898,000) (121,000)
Net income attributable to common stockholders $ 9,865,000 $ 1,729,000
Income per Common Share - Basic:    
Income per common share $ 0.05 $ 0.01
Weighted average common shares outstanding 217,105,686 216,563,108
Income per Common Share - Diluted:    
Income per common share $ 0.05 $ 0.01
Weighted average common shares outstanding 217,186,409 216,617,020