XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income    
Lease income, net $ 64,830 $ 57,768
Total income 65,205 58,786
Operating expenses    
Depreciation and amortization 26,758 22,829
Property operating 10,230 8,285
Real estate taxes 9,628 8,043
General and administrative 7,731 7,887
Total operating expenses 54,347 47,044
Other (expense) income    
Interest expense, net (9,509) (4,809)
Loss on extinguishment of debt 0 (96)
Equity in (losses) earnings of unconsolidated entities (663) 2,716
Other income and expense, net 447 (52)
Total other (expense) income, net (9,725) (2,241)
Net income $ 1,133 $ 9,501
Weighted-average common shares outstanding - basic (in shares) 67,508,641 67,354,717
Weighted-average common shares outstanding - diluted (in shares) 67,654,524 67,576,038
Net income per common share - basic (in dollars per share) $ 0.02 $ 0.14
Net income per common share - diluted (in dollars per share) 0.02 0.14
Distributions declared per common share outstanding (in dollars per share) 0.22 0.21
Distributions paid per common share outstanding (in dollars per share) $ 0.20 $ 0.20
Comprehensive (loss) income    
Net income $ 1,133 $ 9,501
Unrealized (loss) gain on derivatives (3,317) 15,406
Reclassification (to) from net income (2,892) 1,025
Comprehensive (loss) income (5,076) 25,932
Other property income    
Income    
Income 295 264
Other fee income    
Income    
Income $ 80 $ 754