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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE:        
Total revenue $ 167,138 $ 160,135 $ 490,569 $ 479,072
EXPENSES:        
Property operating expenses 61,699 60,538 181,897 181,393
Property management expenses 7,891 7,379 23,433 22,544
General and administrative expenses 4,905 4,765 19,293 19,389
Depreciation and amortization expense 61,735 55,261 180,256 163,112
Casualty losses 419 1,249 559 4,015
Total expenses 136,649 129,192 405,438 390,453
Interest expense (20,455) (18,308) (58,575) (56,371)
(Loss on impairment) gain on sale of real estate assets, net (12,841) 688 (11,344) 11,066
(Loss) gain on extinguishment of debt 0 0 (67) 203
Other loss (12) 0 (115) (1)
Income (loss) from investments in unconsolidated real estate entities 9,814 (703) 8,663 (2,382)
Net income: 6,995 12,620 23,693 41,134
Income allocated to noncontrolling interest (102) (255) (401) (840)
Net income allocable to common shares $ 6,893 $ 12,365 $ 23,292 $ 40,294
Earnings per share:        
Basic (in dollars per share) $ 0.03 $ 0.05 $ 0.1 $ 0.18
Diluted (in dollars per share) $ 0.03 $ 0.05 $ 0.1 $ 0.18
Weighted-average shares:        
Basic (in shares) 233,634,546 224,820,656 232,628,917 224,747,327
Diluted (in shares) 234,283,170 226,058,400 233,403,810 225,530,265
Real Estate [Member]        
REVENUE:        
Rental and other property revenue $ 166,888 $ 159,860 $ 489,684 $ 478,296
Product and Service, Other [Member]        
REVENUE:        
Other revenue $ 250 $ 275 $ 885 $ 776