v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Rental revenue $ 52,060 $ 48,256
Real estate related notes receivable interest income 605 0
Total revenues 52,665 48,256
Expenses:    
Rental expenses 6,038 6,326
General and administrative expenses 4,978 5,698
Depreciation and amortization 19,908 17,762
Impairment losses 0 3,531
Demolition costs 986 0
Total operating expenses 31,910 33,317
Other income (expense):    
Gain on dispositions of real estate 2,473 0
Interest and other income 163 455
Interest expense (9,044) (7,325)
Increase in current expected credit loss reserve (25) (171)
Merger-related costs (1,902) 0
Total other expense (8,335) (7,041)
Net income attributable to common stockholders 12,420 7,898
Other comprehensive income (loss) - unrealized gain (loss) on interest rate swaps, net 3,039 (7,138)
Comprehensive income attributable to common stockholders $ 15,459 $ 760
Weighted average number of common shares outstanding:    
Basic (in shares) 54,933,931 55,130,665
Diluted (in shares) 55,423,778 55,620,892
Net income per common share attributable to common stockholders:    
Basic (in dollars per share) $ 0.23 $ 0.14
Diluted (in dollars per share) $ 0.22 $ 0.14