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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental revenue $ 269,827 $ 213,327 $ 155,792
Interest on loans and direct financing lease receivables 15,499 15,710 8,136
Other revenue, net 1,180 1,197 81
Total revenues 286,506 230,234 164,009
Expenses:      
General and administrative 29,464 24,329 24,444
Property expenses 3,452 5,762 3,881
Depreciation and amortization 88,562 69,146 59,446
Provision for impairment of real estate 20,164 6,120 8,399
Change in provision for credit losses 88 (204) 830
Total expenses 141,730 105,153 97,000
Other operating income:      
Gain on dispositions of real estate, net 30,647 9,338 5,821
Income from operations 175,423 134,419 72,830
Other (expense)/income:      
Loss on debt extinguishment (2,138) (4,461) (924)
Interest expense (40,370) (33,614) (29,651)
Interest income 2,825 94 485
Income before income tax expense 135,740 96,438 42,740
Income tax expense 998 227 212
Net income 134,742 96,211 42,528
Net income attributable to non-controlling interests (612) (486) (255)
Net income attributable to stockholders $ 134,130 $ 95,725 $ 42,273
Basic weighted average shares outstanding (in shares) 134,941,188 116,358,059 95,311,035
Basic net income per share (in USD per share) $ 0.99 $ 0.82 $ 0.44
Diluted weighted average shares outstanding (in shares) 135,855,916 117,466,338 96,197,705
Diluted net income per share (in USD per share) $ 0.99 $ 0.82 $ 0.44