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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental (including tenant reimbursements) $ 306,936 $ 307,349 $ 274,377
Other 1,581 2,157 1,982
Total revenues 308,517 309,506 276,359
Expenses:      
Property expenses 28,472 24,893 10,520
General and administrative expense 37,444 42,832 38,520
Depreciation and amortization expense 70,807 67,194 61,303
Total expenses 136,723 134,919 110,343
Gain (loss) on sale of real estate (3,449)   3,601
Income from operations 168,345 174,587 169,617
Interest income 10,988 8,446 3,195
Interest expense (17,672) (17,467) (18,301)
Gain (loss) on exchange of Exchangeable Senior Notes   22 (125)
Net income 161,661 165,588 154,386
Preferred stock dividends (1,804) (1,352) (1,352)
Net income attributable to common stockholders $ 159,857 $ 164,236 $ 153,034
Net income attributable to common stockholders per share (Note 8):      
Basic (in dollars per share) $ 5.58 $ 5.82 $ 5.57
Diluted (in dollars per share) $ 5.52 $ 5.77 $ 5.52
Weighted-average shares outstanding:      
Basic (in shares) 28,226,402 27,977,807 27,345,047
Diluted (in shares) 28,530,650 28,255,797 27,663,169