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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue from tenants $ 76,119 $ 70,971 $ 151,587 $ 139,057
Expenses (income):        
Property operating 7,049 8,211 14,408 15,681
Fire recovery 0 (1) 0 (80)
Operating fees to related parties 8,162 7,138 16,205 13,969
Acquisition, transaction and other costs (Note 9) 847 1,114 1,109 2,439
General and administrative 2,318 2,556 5,524 4,607
Equity-based compensation 2,429 (23) 4,538 (855)
Depreciation and amortization 31,084 29,813 62,387 59,309
Total expenses 51,889 48,808 104,171 95,070
Operating income before gain (loss) on dispositions of real estate investments 24,230 22,163 47,416 43,987
Gain (loss) on dispositions of real estate investments 6,923 (3,818) 7,815 (3,818)
Operating income 31,153 18,345 55,231 40,169
Other income (expense):        
Interest expense (15,689) (14,415) (30,851) (27,390)
Loss on extinguishment of debt (765) (1,285) (765) (1,285)
Gain on derivative instruments 1,390 6,333 1,630 3,398
Unrealized (loss) income on undesignated foreign currency advances and other hedge ineffectiveness 0 (47) 76 (90)
Other income 19 12 23 23
Total other expense, net (15,045) (9,402) (29,887) (25,344)
Net income before income tax 16,108 8,943 25,344 14,825
Income tax expense (780) (1,200) (1,740) (2,270)
Net income 15,328 7,743 23,604 12,555
Preferred Stock dividends (2,707) (2,455) (5,192) (4,906)
Net income attributable to common stockholders $ 12,621 $ 5,288 $ 18,412 $ 7,649
Basic and Diluted Earnings Per Share:        
Basic and diluted net income per share attributable to common stockholders (usd per share) $ 0.15 $ 0.08 $ 0.22 $ 0.11
Weighted average shares outstanding:        
Basic (shares) 83,847,120 67,292,021 82,667,421 67,289,639
Diluted (shares) 85,165,549 67,292,021 83,985,850 67,289,639