XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental income $ 264,540 $ 231,485 $ 735,920 $ 652,721
Interest income 44,811 39,941 130,924 113,819
Miscellaneous income 2,240 4,602 4,038 5,532
Total revenues 311,591 276,028 870,882 772,072
Expenses        
Depreciation and amortization 82,114 77,245 242,498 226,036
General and administrative 23,778 21,758 79,673 65,438
Real estate taxes 3,503 3,569 10,065 11,117
Acquisition, merger and transition related costs 593 6,437 4,067 10,820
Impairment on real estate properties 1,144 8,620 16,594 22,094
Recovery for credit losses (3,908) (9,061) (3,587) (14,763)
Interest expense 58,115 54,690 163,292 166,476
Total expenses 165,339 163,258 512,602 487,218
Other income (expense)        
Other income (expense) - net 16,835 (1,044) 33,633 7,595
Loss on debt extinguishment (7) (137) (7) (1,633)
Gain (loss) on assets sold - net 28,269 (238) 61,230 11,282
Total other income (loss) 45,097 (1,419) 94,856 17,244
Income before income tax expense and (loss) income from unconsolidated entities 191,349 111,351 453,136 302,098
Income tax expense (4,483) (3,316) (12,622) (7,877)
(Loss) income from unconsolidated entities (1,910) 6,879 (3,019) 7,118
Net income 184,956 114,914 437,495 301,339
Net income attributable to noncontrolling interest (5,237) (3,152) (12,145) (8,354)
Net income available to common stockholders $ 179,719 $ 111,762 $ 425,350 $ 292,985
Basic:        
Net income available to common stockholders $ 0.6 $ 0.43 $ 1.41 $ 1.16
Diluted:        
Net income available to common stockholders $ 0.59 $ 0.42 $ 1.39 $ 1.14