Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenues: | ||||
| Total Revenues | $ 240,128 | $ 212,978 | $ 490,456 | $ 422,219 |
| Expenses: | ||||
| Rental property operating expenses | 74,179 | 70,634 | 151,335 | 141,709 |
| Reimbursed expenses | 119 | 151 | 296 | 291 |
| General and administrative expenses | 9,738 | 8,907 | 20,447 | 18,121 |
| Interest expense | 38,514 | 29,743 | 75,288 | 58,651 |
| Depreciation and amortization | 100,890 | 95,415 | 203,004 | 181,645 |
| Other | 443 | 603 | 865 | 1,275 |
| Total costs and expenses | 223,883 | 205,453 | 451,235 | 401,692 |
| Income (loss) from unconsolidated joint ventures | (1,587) | 439 | (3,470) | 787 |
| Gain (loss) on investment property transactions | 0 | (3) | 0 | 98 |
| Net income | 14,658 | 7,961 | 35,751 | 21,412 |
| Net income attributable to noncontrolling interests | (175) | (121) | (371) | (284) |
| Net income available to common stockholders | $ 14,483 | $ 7,840 | $ 35,380 | $ 21,128 |
| Net income per common share — basic (in usd per share) | $ 0.09 | $ 0.05 | $ 0.21 | $ 0.14 |
| Net income per common share — diluted (in usd per share) | $ 0.09 | $ 0.05 | $ 0.21 | $ 0.14 |
| Weighted average shares — basic (in shares) | 167,930 | 152,095 | 167,870 | 152,020 |
| Weighted average shares — diluted (in shares) | 168,765 | 152,614 | 168,679 | 152,500 |
| Rental property revenues | ||||
| Revenues: | ||||
| Total Revenues | $ 237,715 | $ 211,474 | $ 480,742 | $ 420,292 |
| Fee income | ||||
| Revenues: | ||||
| Total Revenues | 494 | 406 | 990 | 785 |
| Other | ||||
| Revenues: | ||||
| Total Revenues | $ 1,919 | $ 1,098 | $ 8,724 | $ 1,142 |
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- Definition Reimbursed expenses, other than those related to the third party management and leasing segment. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of difference between the carrying amount and the sales price of real estate properties sold as part of discontinued operations. No definition available.
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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