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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental income $ 184,451 $ 173,467 $ 370,732 $ 347,650
Fees and management income 4,054 3,316 7,499 6,099
Other property income 1,114 970 2,129 2,315
Total revenues 189,619 177,753 380,360 356,064
Operating Expenses:        
Property operating 32,083 29,322 65,073 59,258
Real estate taxes 22,513 21,279 44,580 42,358
General and administrative 13,575 12,922 25,518 25,008
Depreciation and amortization 66,840 71,203 132,371 136,477
Total operating expenses 135,011 134,726 267,542 263,101
Other:        
Interest expense, net (29,394) (27,719) (59,166) (53,391)
Gain (loss) on disposal of property, net 19,390 (66) 26,207 5,543
Other income (expense), net 650 (990) (1,363) (1,970)
Net income 45,254 14,252 78,496 43,145
Net income attributable to noncontrolling interests (4,137) (1,468) (7,001) (4,052)
Net income attributable to stockholders $ 41,117 $ 12,784 $ 71,495 $ 39,093
Earnings per share of common stock:        
Net income per share attributable to stockholders - basic (in dollars per share) $ 0.33 $ 0.10 $ 0.57 $ 0.31
Net income per share attributable to stockholders - diluted (in dollars per share) $ 0.33 $ 0.10 $ 0.56 $ 0.31
Comprehensive income:        
Net income $ 45,254 $ 14,252 $ 78,496 $ 43,145
Other comprehensive loss:        
Change in unrealized value on interest rate swaps (145) (795) (81) (2,562)
Comprehensive income 45,109 13,457 78,415 40,583
Net income attributable to noncontrolling interests (4,137) (1,468) (7,001) (4,052)
Change in unrealized value on interest rate swaps attributable to noncontrolling interests 14 75 8 242
Reallocation of comprehensive income upon conversion of noncontrolling interests 1 3 1 4
Comprehensive income attributable to stockholders $ 40,987 $ 12,067 $ 71,423 $ 36,777