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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental income $ 867,468 $ 826,090 $ 771,618
Interest and other income from real estate transactions 1,798 2,021 1,435
Total revenues 869,266 828,111 773,053
Operating expenses:      
General and administrative 44,287 43,746 41,695
Real estate 32,317 28,378 26,281
Depreciation and amortization 249,681 238,625 223,834
Leasing transaction costs 99 299 320
Impairment losses - real estate, net of recoveries 6,632 5,990 8,309
Executive retirement costs 668 3,454 7,520
Total operating expenses 333,684 320,492 307,959
Gain on disposition of real estate 42,290 47,485 17,443
Earnings from operations 577,872 555,104 482,537
Other expenses (revenues):      
Interest and other income (2,980) (1,134) (149)
Interest expense 184,017 163,898 148,065
Total other expenses (revenues) 181,037 162,764 147,916
Net earnings 396,835 392,340 334,621
Loss attributable to noncontrolling interests 0 0 5
Net earnings attributable to stockholders $ 396,835 $ 392,340 $ 334,626
Net earnings per share:      
Basic (in dollars per share) $ 2.16 $ 2.16 $ 1.89
Diluted (in dollars per share) $ 2.15 $ 2.16 $ 1.89
Weighted average shares outstanding:      
Basic (in shares) 183,688,562 181,200,040 176,403,656
Diluted (in shares) 184,043,841 181,689,723 177,067,865
Other comprehensive income:      
Net earnings attributable to stockholders $ 396,835 $ 392,340 $ 334,626
Amortization of interest rate hedges 2,152 2,471 2,374
Comprehensive income attributable to stockholders 398,987 394,811 337,000
Comprehensive loss attributable to noncontrolling interests 0 0 (5)
Total comprehensive income $ 398,987 $ 394,811 $ 336,995