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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental (including tenant reimbursements) $ 79,253 $ 75,919 $ 154,167 $ 151,448
Other 540 538 1,080 1,076
Total revenues 79,793 76,457 155,247 152,524
Expenses:        
Property expenses 6,863 5,759 13,572 11,382
General and administrative expense 9,661 10,570 19,223 20,943
Depreciation and amortization expense 17,473 16,704 34,623 33,418
Total expenses 33,997 33,033 67,418 65,743
Gain (loss) on sale of real estate (3,449)   (3,449)  
Income from operations 42,347 43,424 84,380 86,781
Interest income 3,966 2,317 5,750 4,550
Interest expense (4,320) (4,472) (8,709) (8,992)
Gain (loss) on exchange of Exchangeable Senior Notes       22
Net income 41,993 41,269 81,421 82,361
Preferred stock dividends (338) (338) (676) (676)
Net income attributable to common stockholders $ 41,655 $ 40,931 $ 80,745 $ 81,685
Net income attributable to common stockholders per share (Note 8):        
Basic (in dollars per share) $ 1.45 $ 1.45 $ 2.82 $ 2.89
Diluted (in dollars per share) $ 1.44 $ 1.44 $ 2.79 $ 2.87
Weighted-average shares outstanding:        
Basic (in shares) 28,250,843 27,981,517 28,197,930 27,965,720
Diluted (in shares) 28,572,138 28,257,239 28,527,419 28,239,841