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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income    
Lease income, net $ 73,389 $ 66,493
Other income 382 305
Total income 73,771 66,798
Operating expenses    
Depreciation and amortization 30,614 28,168
Property operating 10,747 9,999
Real estate taxes 9,356 8,981
General and administrative 8,547 7,974
Total operating expenses 59,264 55,122
Other (expense) income    
Interest expense, net (8,322) (9,634)
Other income and expense, net 607 858
Total other (expense) income, net (7,715) (8,776)
Net income $ 6,792 $ 2,900
Weighted-average common shares outstanding - basic (in shares) 77,563,971 67,874,528
Weighted-average common shares outstanding - diluted (in shares) 78,160,787 68,272,050
Net income per common share - basic (in dollars per share) $ 0.09 $ 0.04
Net income per common share - diluted (in dollars per share) $ 0.09 $ 0.04
Comprehensive income    
Net income $ 6,792 $ 2,900
Unrealized (loss) gain on derivatives, net (1,586) 7,319
Reclassification to interest expense, net (2,242) (3,317)
Comprehensive income $ 2,964 $ 6,902