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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE:        
Rental and other property revenue $ 163,601 $ 154,643 $ 324,736 $ 304,621
Other revenue 354 120 594 505
Total revenue 163,955 154,763 325,330 305,126
EXPENSES:        
Property operating expenses 62,071 58,976 121,327 114,858
Property management expenses 6,818 6,139 13,189 11,696
General and administrative expenses 5,910 6,968 14,063 14,896
Depreciation and amortization expense 53,984 72,793 107,520 150,966
Casualty losses (gains), net 680 (5,592) 831 (6,985)
Total expenses 129,463 139,284 256,930 285,431
Interest expense (22,227) (20,994) (44,351) (41,525)
Gain on sale of real estate assets, net 0 0 985 94,712
Merger and integration costs 0 (1,307) 0 (3,202)
Other (loss) income, net (72) 294 21 736
Loss from investments in unconsolidated real estate entities (1,205) (871) (1,981) (934)
Restructuring costs 0 0 (3,213) 0
Net income (loss): 10,988 (7,399) 19,861 69,482
(Income) loss allocated to noncontrolling interest (279) 194 (503) (2,087)
Net income (loss) allocable to common shares $ 10,709 $ (7,205) $ 19,358 $ 67,395
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.05 $ (0.03) $ 0.09 $ 0.30
Diluted (in dollars per share) $ 0.05 $ (0.03) $ 0.09 $ 0.30
Weighted-average shares:        
Basic (in shares) 224,422,515 221,164,284 224,325,246 220,982,714
Diluted (in shares) 225,073,890 221,164,284 225,088,261 222,033,857