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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total Revenues $ 248,326 $ 209,212 $ 738,782 $ 631,431
Expenses:        
Rental property operating expenses 80,023 66,005 231,358 207,714
Reimbursed expenses 124 188 420 479
General and administrative expenses 9,510 9,204 29,957 27,325
Interest expense 41,497 30,773 116,785 89,424
Depreciation and amortization 105,272 89,784 308,276 271,429
Other 440 327 1,305 1,602
Total costs and expenses 236,866 196,281 688,101 597,973
Loss from unconsolidated joint ventures (2,682) (1,575) (6,152) (788)
Gain on investment property transactions 0 0 0 98
Net income 8,778 11,356 44,529 32,768
Net income attributable to noncontrolling interests (188) (158) (559) (442)
Net income available to common stockholders $ 8,590 $ 11,198 $ 43,970 $ 32,326
Net income per common share — basic (in usd per share) $ 0.05 $ 0.07 $ 0.26 $ 0.21
Net income per common share — diluted (in usd per share) $ 0.05 $ 0.07 $ 0.26 $ 0.21
Weighted average common shares — basic (in shares) 167,967 152,140 167,902 152,060
Weighted average common shares — diluted (in shares) 168,738 152,812 168,698 152,604
Rental property revenues        
Revenues:        
Total Revenues $ 246,461 $ 207,260 $ 727,203 $ 627,552
Fee income        
Revenues:        
Total Revenues 526 495 1,516 1,280
Other        
Revenues:        
Total Revenues $ 1,339 $ 1,457 $ 10,063 $ 2,599