v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 259,709 $ 234,065
Operating Expenses    
Advertising and promotion 13,692 13,116
Repairs and maintenance 11,654 9,685
Utilities 7,137 6,741
Franchise costs 4,585 4,459
Property tax, ground lease and insurance 20,454 18,897
Other property-level expenses 32,758 29,725
Corporate overhead 6,835 8,905
Depreciation and amortization 34,177 32,275
Total operating expenses 231,286 217,594
Interest and other income 1,533 1,564
Interest expense (11,277) (12,682)
Income before income taxes 18,679 5,353
Income tax provision, net (122) (98)
Net Income 18,557 5,255
Preferred stock dividends, net of gain on repurchases (2,602) (3,931)
Net income attributable to common stockholders $ 15,955 $ 1,324
Basic and diluted income per share    
Basic net income attributable to common stockholders per common share (in dollars per share) $ 0.08 $ 0.01
Diluted net income attributable to common stockholders per common share (in dollars per share) $ 0.08 $ 0.01
Basic weighted average common shares outstanding (in shares) 188,361 200,410
Diluted weighted average common shares outstanding (in shares) 188,668 201,444
Room [Member]    
Revenues    
Total revenues $ 161,047 $ 144,921
Operating Expenses    
Cost of goods and services sold 41,998 39,110
Food and beverage [Member]    
Revenues    
Total revenues 74,287 67,128
Operating Expenses    
Cost of goods and services sold 51,272 48,821
Other Operating [Member]    
Revenues    
Total revenues 24,375 22,016
Operating Expenses    
Cost of goods and services sold $ 6,724 $ 5,860