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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE:    
Rental and other property revenue $ 161,135 $ 149,977
Other revenue 239 385
Total revenue 161,374 150,362
EXPENSES:    
Property operating expenses 59,255 55,883
Property management expenses 6,371 5,556
General and administrative expenses 8,154 7,928
Depreciation and amortization expense 53,536 78,174
Casualty losses (gains), net 151 (1,393)
Total expenses 127,467 146,148
Interest expense (22,124) (20,531)
Gain on sale of real estate assets, net 985 94,712
Merger and integration costs 0 (1,895)
Other income, net 93 443
Loss from investments in unconsolidated real estate entities (776) (63)
Restructuring costs (3,213) 0
Net income: 8,872 76,880
Income allocated to noncontrolling interest (224) (2,280)
Net income allocable to common shares $ 8,648 $ 74,600
Earnings per share:    
Basic (in dollars per share) $ 0.04 $ 0.34
Diluted (in dollars per share) $ 0.04 $ 0.34
Weighted-average shares:    
Basic (in shares) 224,226,873 220,798,692
Diluted (in shares) 225,088,659 222,045,286