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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental (including tenant reimbursements) $ 70,345,000 $ 53,856,000 $ 204,454,000 $ 145,608,000
Other 538,000   1,444,000  
Total revenues 70,883,000 53,856,000 205,898,000 145,608,000
Expenses:        
Property expenses 2,823,000 1,365,000 7,232,000 2,617,000
General and administrative expense 10,804,000 5,307,000 28,288,000 16,511,000
Depreciation and amortization expense 15,900,000 10,891,000 45,001,000 29,571,000
Total expenses 29,527,000 17,563,000 80,521,000 48,699,000
Income from operations 41,356,000 36,293,000 125,377,000 96,909,000
Interest and other income 773,000 110,000 1,411,000 325,000
Interest expense (4,513,000) (6,309,000) (13,783,000) (11,874,000)
Loss on exchange of Exchangeable Senior Notes     (125,000)  
Net income 37,616,000 30,094,000 112,880,000 85,360,000
Preferred stock dividends (338,000) (338,000) (1,014,000) (1,014,000)
Net income attributable to common stockholders $ 37,278,000 $ 29,756,000 $ 111,866,000 $ 84,346,000
Net income attributable to common stockholders per share (Note 8):        
Basic $ 1.33 $ 1.24 $ 4.10 $ 3.51
Diluted $ 1.32 $ 1.20 $ 4.06 $ 3.41
Weighted-average shares outstanding:        
Basic 27,938,568 23,890,537 27,144,953 23,889,903
Diluted 28,157,934 26,260,704 27,496,151 26,257,504