v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Rental income $ 186,281 $ 174,183
Fees and management income 3,445 2,783
Other property income 1,015 1,345
Total revenues 190,741 178,311
Operating Expenses:    
Property operating 32,990 29,936
Real estate taxes 22,067 21,079
General and administrative 11,943 12,086
Depreciation and amortization 65,531 65,274
Total operating expenses 132,531 128,375
Other:    
Interest expense, net (29,772) (25,672)
Gain on disposal of property, net 6,817 5,609
Other expense, net (2,013) (980)
Net income 33,242 28,893
Net income attributable to noncontrolling interests (2,864) (2,584)
Net income attributable to stockholders $ 30,378 $ 26,309
Earnings per share of common stock:    
Net income per share attributable to stockholders - basic (in dollars per share) $ 0.24 $ 0.21
Net income per share attributable to stockholders - diluted (in dollars per share) $ 0.24 $ 0.21
Comprehensive income:    
Net income $ 33,242 $ 28,893
Other comprehensive income (loss):    
Change in unrealized value on interest rate swaps 64 (1,767)
Comprehensive income 33,306 27,126
Net income attributable to noncontrolling interests (2,864) (2,584)
Change in unrealized value on interest rate swaps attributable to noncontrolling interests (6) 167
Reallocation of comprehensive income upon conversion of noncontrolling interests 0 1
Comprehensive income attributable to stockholders $ 30,436 $ 24,710