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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income      
Lease income, net $ 297,477 $ 272,440 $ 257,146
Total income 299,169 273,974 258,676
Operating expenses      
Depreciation and amortization 128,497 113,948 113,430
Property operating 46,633 43,413 42,832
Real estate taxes 37,710 36,441 34,809
General and administrative 34,925 33,172 31,797
Total operating expenses 247,765 226,974 222,868
Other (expense) income      
Interest expense, net (34,519) (37,100) (38,138)
Loss on extinguishment of debt 0 0 (15)
Impairment of real estate assets 0 (3,854) 0
Gain on sale of investment properties, net 90,961 3,857 2,691
Equity in losses of unconsolidated entities 0 0 (557)
Other income and expense, net 3,575 3,755 5,480
Total other (expense) income, net 60,017 (33,342) (30,539)
Net income $ 111,421 $ 13,658 $ 5,269
Weighted-average common shares outstanding, basic (in shares) 77,598,121 70,394,448 67,531,898
Weighted-average common shares outstanding, diluted (in shares) 78,338,449 71,010,568 67,813,180
Net income per common share - basic (in dollars per share) $ 1.44 $ 0.19 $ 0.08
Net income per common share - diluted (in dollars per share) $ 1.42 $ 0.19 $ 0.08
Comprehensive income (loss)      
Net income $ 111,421 $ 13,658 $ 5,269
  Unrealized (loss) gain on derivatives (807) 9,019 6,228
Reclassification to net income (8,858) (12,667) (14,875)
Comprehensive income (loss) 101,756 10,010 (3,378)
Other property income      
Income      
Other property income and Other fee income 1,692 1,534 1,450
Other fee income      
Income      
Other property income and Other fee income $ 0 $ 0 $ 80