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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income    
Lease income, net $ 82,110 $ 73,389
Other property income 471 382
Total income 82,581 73,771
Operating expenses    
Depreciation and amortization 36,385 30,614
Property operating 12,021 10,747
Real estate taxes 9,902 9,356
General and administrative 9,319 8,547
Total operating expenses 67,627 59,264
Other (expense) income    
Interest expense, net (10,085) (8,322)
Other income and expense, net 315 607
Total other (expense) income, net (9,770) (7,715)
Net income $ 5,184 $ 6,792
Weighted-average common shares outstanding - basic (in shares) 77,933,973 77,563,971
Weighted-average common shares outstanding - diluted (in shares) 78,415,161 78,160,787
Net income per common share - basic (in dollars per share) $ 0.07 $ 0.09
Net income per common share - diluted (in dollars per share) $ 0.07 $ 0.09
Comprehensive income    
Net income $ 5,184 $ 6,792
Unrealized gain (loss) on derivatives, net 2,838 (1,586)
Reclassification to net income (1,606) (2,242)
Comprehensive income $ 6,416 $ 2,964