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v3.25.2

Segment Reporting - Schedule of Reconciliation of Net income to Net operating Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Reporting [Abstract] |  |  |  |
Net income | $ 11,385 | $ 28,555 | $ 27,163 | $ 38,770
Add: |  |  |  |
General and administrative expenses | 18,685 | 18,020 | 35,625 | 33,992
Depreciation and amortization | 47,802 | 47,473 | 96,581 | 93,554
Interest expense | 25,126 | 25,323 | 52,064 | 50,451
Interest expense associated with property in receivership | 0 | 628 | 647 | 628
Loss on early extinguishment of debt | 0 | 0 | 0 | (553)
Income tax expense (benefit) | 478 | 750 | (141) | 95
Less: |  |  |  |
Gain on disposition of property | 0 | (10,803) | (13,170) | (10,803)
Third-party management and other fees | (408) | (376) | (839) | (641)
Interest income | (1,867) | (5,092) | (5,653) | (9,270)
Net operating income | $ 101,201 | $ 104,478 | $ 192,277 | $ 197,329

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