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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental (including tenant reimbursements) $ 69,995,000 $ 48,867,000 $ 134,109,000 $ 91,752,000
Other 516,000   906,000  
Total revenues 70,511,000 48,867,000 135,015,000 91,752,000
Expenses:        
Property expenses 2,427,000 482,000 4,409,000 1,252,000
General and administrative expense 8,707,000 5,604,000 17,484,000 11,204,000
Depreciation and amortization expense 15,233,000 9,841,000 29,101,000 18,680,000
Total expenses 26,367,000 15,927,000 50,994,000 31,136,000
Income from operations 44,144,000 32,940,000 84,021,000 60,616,000
Interest and other income 581,000 91,000 638,000 215,000
Interest expense (4,504,000) (3,692,000) (9,270,000) (5,565,000)
Loss on exchange of Exchangeable Senior Notes (7,000)   (125,000)  
Net income 40,214,000 29,339,000 75,264,000 55,266,000
Preferred stock dividends (338,000) (338,000) (676,000) (676,000)
Net income attributable to common stockholders $ 39,876,000 $ 29,001,000 $ 74,588,000 $ 54,590,000
Net income attributable to common stockholders per share (Note 8):        
Basic $ 1.42 $ 1.21 $ 2.77 $ 2.27
Diluted $ 1.42 $ 1.17 $ 2.75 $ 2.22
Weighted-average shares outstanding:        
Basic 27,850,561 23,889,761 26,741,568 23,889,580
Diluted 28,036,690 26,168,682 27,159,774 26,166,494