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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Rental revenue $ 64,814 $ 58,539 $ 128,296 $ 117,112
Restaurant revenue 8,028 7,940 16,022 15,834
Total revenues 72,842 66,479 144,318 132,946
Operating expenses:        
General and administrative 6,440 6,004 14,079 12,217
Depreciation and amortization 14,620 13,345 29,049 26,812
Total operating expenses 31,807 29,517 64,695 59,842
Interest expense (13,081) (12,324) (25,812) (24,605)
Other income 113 150 505 390
Income tax expense (112) (86) (175) (113)
Net income 27,955 24,702 54,141 48,776
Net income attributable to noncontrolling interest (31) (30) (61) (60)
Net Income Available to Common Shareholders $ 27,924 $ 24,672 $ 54,080 $ 48,716
Basic net income per share (in usd per share) $ 0.28 $ 0.27 $ 0.54 $ 0.53
Diluted net income per share (in usd per share) $ 0.28 $ 0.27 $ 0.54 $ 0.53
Weighted average number of common shares outstanding:        
Basic (in shares) 100,820,074 91,807,764 100,267,510 91,763,619
Diluted (in shares) 101,168,231 91,994,062 100,631,217 91,976,282
Dividends declared per common share (in usd per share) $ 0.355 $ 0.345 $ 0.71 $ 0.69
Property        
Operating expenses:        
Expenses $ 3,386 $ 2,836 $ 6,651 $ 5,917
Restaurant        
Operating expenses:        
Expenses $ 7,361 $ 7,332 $ 14,916 $ 14,896