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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE:      
Rental and other property revenue $ 627,414 $ 249,492 $ 211,167
Other revenue 1,111 760 739
Total revenue 628,525 250,252 211,906
EXPENSES:      
Property operating expenses 232,275 93,252 82,978
Property management expenses 24,033 9,539 8,494
General and administrative expenses 26,260 18,610 15,095
Depreciation and amortization expense 252,849 76,909 60,687
Abandoned deal costs 0 0 130
Casualty (gains) losses, net (8,866) 359 711
Total expenses 526,551 198,669 168,095
Interest expense (86,955) (36,401) (36,488)
Gain on sale (loss on impairment) of real estate assets, net 111,756 87,671 7,554
Loss on extinguishment of debt 0 (10,261) 0
Merger and integration costs (5,505) (47,063) 0
Other income, net 1,558 0 0
Loss from investments in unconsolidated real estate entities (2,169) 0 0
Net income: 120,659 45,529 14,877
Income allocated to noncontrolling interest (3,410) (940) (109)
Net income allocable to common shares $ 117,249 $ 44,589 $ 14,768
Earnings per share:      
Basic (in dollars per share) $ 0.53 $ 0.41 $ 0.16
Diluted (in dollars per share) $ 0.53 $ 0.41 $ 0.16
Weighted-average shares:      
Basic (in shares) 221,965,460 108,552,185 93,660,086
Diluted (in shares) 223,119,937 109,831,520 94,688,440