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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental $ 207,581 $ 244,207 $ 265,527
Total revenues 209,358 245,848 269,065
Expenses:      
Real estate operating expenses 60,881 66,940 72,311
Real estate taxes and insurance 41,061 48,390 47,871
Depreciation and amortization 78,544 88,558 90,909
General and administrative 15,898 14,997 14,473
Interest 32,273 36,026 36,757
Total expenses 228,657 254,911 262,321
Loss on extinguishment of debt (901)    
Gain on sale of properties, net 113,134 41,928  
Income before taxes and equity in income of non-consolidated REITs 92,934 32,865 6,744
Tax expense 638 250 269
Equity in income of non-consolidated REITs 421    
Net Income $ 92,717 $ 32,615 $ 6,475
Weighted average number of shares outstanding, basic 106,667 107,303 107,233
Weighted average number of shares outstanding, diluted 106,667 107,303 107,233
Net income per share, basic $ 0.87 $ 0.30 $ 0.06
Net income per share, diluted $ 0.87 $ 0.30 $ 0.06
Rental      
Revenues:      
Rental $ 207,581 $ 244,207 $ 265,527
Related party revenue: Management fees and interest income from loans      
Revenues:      
Revenue 1,700 1,610 3,517
Related party revenue: Other      
Revenues:      
Revenue $ 77 $ 31 $ 21