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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income      
Lease income, net $ 232,980 $ 207,350 $ 192,957
Total income 236,707 211,979 197,833
Operating expenses      
Depreciation and amortization 94,952 87,143 87,755
Property operating 40,239 32,788 27,909
Real estate taxes 32,925 31,312 30,845
General and administrative 33,342 38,192 33,141
Direct listing costs 0 19,769 0
Total operating expenses 201,458 209,204 179,650
Other income (expense)      
Interest expense, net (26,777) (16,261) (18,749)
Loss on extinguishment of debt (181) (400) (2,543)
Provision for asset impairment 0 0 (9,002)
Gain on sale of investment properties, net 38,249 1,522 1,752
Equity in earnings (losses) of unconsolidated entities 3,663 6,398 (3,141)
Other income and expense, net 2,030 606 3,326
Total other income (expense), net 16,984 (8,135) (28,357)
Net income (loss) $ 52,233 $ (5,360) $ (10,174)
Weighted-average common shares outstanding, basic (in shares) 67,406,233 71,072,933 72,040,623
Weighted-average common shares outstanding, diluted (in shares) 67,525,935 71,072,933 72,040,623
Net income (loss) per common share - basic (in dollars per share) $ 0.77 $ (0.08) $ (0.14)
Net income (loss) per common share - diluted (in dollars per share) 0.77 (0.08) (0.14)
Distributions declared per common share outstanding (in dollars per share) 0.82 0.78 0.76
Distributions paid per common share outstanding (in dollars per share) $ 0.82 $ 0.78 $ 0.75
Comprehensive income (loss)      
Net income (loss) $ 52,233 $ (5,360) $ (10,174)
  Unrealized gain (loss) on derivatives 32,052 3,795 (16,199)
Reclassification (to) from net income (loss) (1,009) 4,332 2,693
Comprehensive income (loss) 83,276 2,767 (23,680)
Other property income      
Income      
Income 1,161 1,087 1,229
Other fee income      
Income      
Income $ 2,566 $ 3,542 $ 3,647