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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income        
Lease income, net $ 50,978 $ 40,718 $ 100,904 $ 92,002
Total income 52,140 41,639 103,261 94,077
Operating expenses        
Depreciation and amortization 21,995 22,405 43,682 44,527
Property operating 7,774 6,184 15,783 13,292
Real estate taxes 8,158 7,218 16,291 15,707
General and administrative 9,910 8,387 20,261 15,582
Total operating expenses 47,837 44,194 96,017 89,108
Other (expense) income        
Interest expense, net (3,972) (4,924) (7,957) (9,733)
Loss on extinguishment of debt 0 (2,543) 0 (2,543)
Provision for asset impairment 0 0 0 (9,002)
Gain (loss) on sale of investment properties, net 361 (213) 880 244
Equity in earnings (losses) of unconsolidated entities 775 (149) 1,395 640
Other income and expense, net 32 773 (163) 2,328
Total other (expense) income, net (2,804) (7,056) (5,845) (18,066)
Net income (loss) $ 1,499 $ (9,611) $ 1,399 $ (13,097)
Weighted-average number of common shares outstanding, basic (in shares) 71,943,522 72,137,317 71,970,925 72,136,129
Weighted-average number of common shares outstanding, diluted (in shares) 72,036,326 72,137,317 72,024,453 72,136,129
Net income (loss) per common share, basic (in dollars per share) $ 0.02 $ (0.13) $ 0.02 $ (0.18)
Net income (loss) per common share, diluted (in dollars per share) 0.02 (0.13) 0.02 (0.18)
Distributions declared per common share outstanding (in dollars per share) 0.19 0.19 0.39 0.38
Distributions paid per common share outstanding (in dollars per share) $ 0.20 $ 0.19 $ 0.38 $ 0.37
Comprehensive income (loss)        
Net income (loss) $ 1,499 $ (9,611) $ 1,399 $ (13,097)
Unrealized (loss) gain on derivatives (138) (2,332) 1,755 (16,473)
Reclassification to net income (loss) 1,078 745 2,126 600
Comprehensive income (loss) 2,439 (11,198) 5,280 (28,970)
Other property income        
Income        
Income 268 208 450 399
Other fee income        
Income        
Income $ 894 $ 713 $ 1,907 $ 1,676