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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 116,695 $ 33,635
Adjustments to reconcile net income to net cash provided by operating activities    
Straight-line rents (4,437) (3,591)
Amortization of lease intangibles (6,609) (3,071)
Depreciation and amortization 30,270 23,344
Gain on sales of real estate investments (76,048) 0
Deferred financing cost amortization 611 747
Stock-based compensation 4,839 4,647
Changes in assets and liabilities    
Other assets (2,658) (4,811)
Accounts payable and other liabilities 564 8,324
Net cash provided by operating activities 63,227 59,224
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property acquisitions (276,975) (160,031)
Proceeds from sales of real estate investments, net 106,835 0
Additions to construction in progress (18,571) (3,021)
Additions to buildings, improvements and leasing costs (30,346) (20,362)
Net cash used in investing activities (219,057) (183,414)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 2,059 112,613
Issuance costs on issuance of common stock (49) (1,606)
Repurchase of common stock related to employee awards (493) (582)
Borrowings on credit facility 12,000 25,000
Payments on credit facility 0 (25,000)
Payments on mortgage loan payable 0 (11,271)
Payment of deferred financing costs (857) (131)
Dividends paid to common stockholders (51,298) (39,961)
Net cash (used in) provided by financing activities (38,638) 59,062
Net decrease in cash and cash equivalents and restricted cash (194,468) (65,128)
Cash and cash equivalents and restricted cash at beginning of period 204,801 107,836
Cash and cash equivalents and restricted cash at end of period 10,333 42,708
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest, net of capitalized interest 10,520 7,612
Supplemental disclosures of non-cash transactions    
Accounts payable related to capital improvements 29,039 16,131
Non-cash issuance of common stock to the deferred compensation plan (11,785) (7,651)
Lease liability arising from recognition of right-of-use asset 0 424
Acquisition of properties 291,873 167,660
Assumption of other assets and liabilities (14,898) (7,629)
Net cash paid for property acquisitions $ 276,975 $ 160,031