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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income      
Lease income, net $ 207,350 $ 192,957 $ 220,653
Total income 211,979 197,833 226,490
Operating expenses      
Depreciation and amortization 87,143 87,755 97,429
Property operating 32,788 27,909 31,944
Real estate taxes 31,312 30,845 34,232
General and administrative 38,192 33,141 35,361
Direct listing costs 19,769 0 0
Total operating expenses 209,204 179,650 198,966
Other (expense) income      
Interest expense, net (16,261) (18,749) (22,717)
Loss on extinguishment of debt (400) (2,543) (2,901)
Gain (loss) on sale of real estate, net 0 (9,002) (2,359)
Gain on sale of investment properties, net 1,522 1,752 62,011
Equity in earnings (losses) of unconsolidated entities 6,398 (3,141) 957
Other income and expense, net 606 3,326 1,384
Total other (expense) income, net (8,135) (28,357) 36,375
Net (loss) income from continuing operations (5,360) (10,174) 63,899
Net loss from discontinued operations 0 0 (25,500)
Net (loss) income $ (5,360) $ (10,174) $ 38,399
Weighted-average common shares outstanding, basic (in shares) 71,072,933 72,040,623 72,914,406
Weighted-average common shares outstanding, diluted (in shares) 71,072,933 72,040,623 72,990,790
Net (loss) income per common share, continuing operations, basic (in dollars per share) $ (0.08) $ (0.14) $ 0.88
Net (loss) income per common share, continuing operations, diluted (in dollars per share) (0.08) (0.14) 0.88
Net loss per common share, discontinued operations, basic (in dollars per share) 0 0 (0.35)
Net loss per common share, discontinued operations, diluted (in dollars per share) 0 0 (0.35)
Net (loss) income per common share, basic (in dollars per share) (0.08) (0.14) 0.53
Net (loss) income per common share, diluted (in dollars per share) (0.08) (0.14) 0.53
Distributions declared per common share outstanding (in dollars per share) 0.78 0.76 0.73
Distributions paid per common share outstanding (in dollars per share) $ 0.78 $ 0.75 $ 0.73
Comprehensive income (loss)      
Net (loss) income $ (5,360) $ (10,174) $ 38,399
  Unrealized gain (loss) on derivatives 3,795 (16,199) 816
Reclassification for amounts recognized in net (loss) income 4,332 2,693 (1,396)
Comprehensive income (loss) 2,767 (23,680) 37,819
Other property income      
Income      
Income 1,087 1,229 1,981
Other fee income      
Income      
Income $ 3,542 $ 3,647 $ 3,856