v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental revenue $ 179,021,000 $ 179,723,000
Fee and other income 7,998,000 9,154,000
Total revenues 187,019,000 188,877,000
Expenses:    
Operating 78,050,000 71,740,000
Depreciation and amortization 58,879,000 61,114,000
General and administrative 17,461,000 16,634,000
Transaction related costs 150,000 178,000
Total expenses 154,540,000 149,666,000
Other income (expense):    
Loss from real estate related fund investments (26,000) (43,000)
Income from unconsolidated real estate related funds 74,000 105,000
Income (loss) from unconsolidated joint ventures 1,907,000 (1,346,000)
Interest and other income, net 3,815,000 19,420,000
Interest and debt expense (43,200,000) (40,269,000)
(Loss) income before income taxes (4,951,000) 17,078,000
Income tax expense (366,000) (347,000)
Net (loss) income (5,317,000) 16,731,000
Less net (income) loss attributable to noncontrolling interests in:    
Consolidated joint ventures (3,845,000) (5,206,000)
Consolidated real estate related funds (1,769,000) (762,000)
Operating Partnership 905,000 (898,000)
Net (loss) income attributable to common stockholders $ (10,026,000) $ 9,865,000
Loss per Common Share - Basic:    
(Loss) income per common share $ (0.05) $ 0.05
Weighted average common shares outstanding 218,005,447 217,105,686
Loss per Common Share - Diluted:    
(Loss) income per common share $ (0.05) $ 0.05
Weighted average common shares outstanding 218,005,447 217,186,409