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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE:        
Rental and other property revenue $ 167,126 $ 161,891 $ 332,339 $ 322,796
Other revenue 115 297 224 635
Total revenue 167,241 162,188 332,563 323,431
EXPENSES:        
Property operating expenses 63,375 60,935 125,499 120,198
Property management expenses 7,931 7,715 16,168 15,541
General and administrative expenses 5,685 5,982 14,199 14,388
Depreciation and amortization expense 64,861 59,794 129,494 118,521
Casualty (gains) losses, net (553) 255 (476) 139
Total expenses 141,299 134,681 284,884 268,787
Interest expense (21,583) (18,773) (42,315) (38,121)
Gain on sale of real estate assets, net 0 0 0 1,496
Loss on extinguishment of debt 0 0 0 (67)
Other Nonoperating Income (Expense) (105) 0 (191) (103)
Loss from unconsolidated real estate entities (836) (562) (1,883) (1,151)
Net income (loss) 3,418 8,172 3,290 16,698
(Income) loss allocated to noncontrolling interest (27) (126) 32 (298)
Net income allocable to common shares $ 3,391 $ 8,046 $ 3,322 $ 16,400
Earnings per share:        
Basic (in dollars per share) $ 0.01 $ 0.03 $ 0.01 $ 0.07
Diluted (in dollars per share) $ 0.01 $ 0.03 $ 0.01 $ 0.07
Weighted-average shares:        
Basic (in shares) 235,400,393 233,496,633 235,913,709 232,117,768
Diluted (in shares) 236,037,395 234,131,752 236,663,887 233,041,087