v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Rental income $ 265,330 $ 266,244
Other property income 4,723 4,600
Total revenues 270,053 270,844
Expenses:    
Property expenses 59,283 58,714
Real estate taxes 28,782 28,365
Ground leases 3,187 3,020
General and administrative expenses 20,699 16,901
Leasing costs 3,010 2,873
Depreciation and amortization 94,344 87,119
Total expenses 209,305 196,992
Other Income (Expenses):    
Interest income 954 1,134
Interest expense (38,511) (31,148)
Other income (expense) 389 (157)
Gains on sales of depreciable operating properties 23,525 0
Impairment of real estate assets (61,778) 0
Total other expenses (75,421) (30,171)
Net (loss) income (14,673) 43,681
Net loss (income) attributable to noncontrolling common units of the Operating Partnership 185 (375)
Net income attributable to noncontrolling interests in consolidated property partnerships (4,779) (4,298)
Total net income attributable to noncontrolling interests (4,594) (4,673)
Net (loss) income available to common stockholders $ (19,267) $ 39,008
Net (loss) income available to common stockholders per share – basic (in dollars per share) $ (0.16) $ 0.33
Net (loss) income available to common stockholders per share – diluted (in dollars per share) $ (0.16) $ 0.33
Weighted average shares of common stock outstanding – basic (in shares) 117,636,517 118,194,588
Weighted average shares of common stock outstanding – diluted (in shares) 117,636,517 118,664,430