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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE:        
Rental and other property revenue $ 160,300 $ 60,592 $ 464,921 $ 172,689
Other revenue 300 188 805 647
Total revenue 160,600 60,780 465,726 173,336
EXPENSES:        
Property operating expenses 59,967 23,164 174,825 66,300
Property management expenses 5,744 2,199 17,440 6,318
General and administrative expenses 5,625 3,985 20,521 14,168
Depreciation and amortization expense 49,722 17,384 200,688 50,699
Casualty (gains) losses, net (191) 0 (7,176) 359
Total expenses 120,867 46,732 406,298 137,844
Interest expense (22,093) (8,700) (63,618) (25,644)
Gain on sale of real estate assets, net 0 11,492 94,712 11,492
Merger and integration costs (275) (5,276) (3,477) (5,276)
Other income (expense) 765 0 1,501 0
Loss from investments in unconsolidated real estate entities (1,477) 0 (2,411) 0
Net income: 16,653 11,564 86,135 16,064
Income allocated to noncontrolling interest (430) (62) (2,517) (90)
Net income allocable to common shares $ 16,223 $ 11,502 $ 83,618 $ 15,974
Earnings per share:        
Basic (in dollars per share) $ 0.07 $ 0.11 $ 0.38 $ 0.16
Diluted (in dollars per share) $ 0.07 $ 0.11 $ 0.38 $ 0.15
Weighted-average shares:        
Basic (in shares) 221,960,609 104,918,674 221,312,261 102,882,723
Diluted (in shares) 222,867,546 107,668,675 222,359,585 104,062,661