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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income    
Lease income, net $ 66,493 $ 64,830
Total income 66,798 65,205
Operating expenses    
Depreciation and amortization 28,168 26,758
Property operating 9,999 10,230
Real estate taxes 8,981 9,628
General and administrative 7,974 7,731
Total operating expenses 55,122 54,347
Other (expense) income    
Interest expense, net (9,634) (9,509)
Equity in losses of unconsolidated entities 0 (663)
Other income and expense, net 858 447
Total other (expense) income, net (8,776) (9,725)
Net income $ 2,900 $ 1,133
Weighted-average common shares outstanding - basic (in shares) 67,874,528 67,508,641
Weighted-average common shares outstanding - diluted (in shares) 68,272,050 67,654,524
Net (loss) income per common share - basic (in dollars per share) $ 0.04 $ 0.02
Net (loss) income per common share - diluted (in dollars per share) 0.04 0.02
Distributions declared per common share outstanding (in dollars per share) 0.23 0.22
Distributions paid per common share outstanding (in dollars per share) $ 0.22 $ 0.20
Comprehensive income (loss)    
Net income $ 2,900 $ 1,133
Unrealized loss on derivatives 7,319 (3,317)
Reclassification to net income (3,317) (2,892)
Comprehensive income (loss) 6,902 (5,076)
Other property income    
Income    
Income 305 295
Other fee income    
Income    
Income $ 0 $ 80