v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total Revenues $ 268,528 $ 240,128 $ 531,637 $ 490,456
Expenses:        
Rental property operating expenses 84,666 74,179 167,251 151,335
Reimbursed expenses 172 119 292 296
General and administrative expenses 12,115 9,738 23,955 20,447
Interest expense 47,064 38,514 92,165 75,288
Depreciation and amortization 104,845 100,890 213,251 203,004
Other expenses 389 443 827 865
Total costs and expenses 249,251 223,883 534,341 451,235
Loss from unconsolidated joint ventures (2,215) (1,587) (4,857) (3,470)
Loss on Investment Property Transactions 9,172 0 9,125 0
Net income 26,234 14,658 1,564 35,751
Net income attributable to noncontrolling interests (76) (175) (262) (371)
Net income available to common stockholders $ 26,158 $ 14,483 $ 1,302 $ 35,380
Net income per common share — basic (in usd per share) $ 0.16 $ 0.09 $ 0.01 $ 0.21
Net income per common share — diluted (in usd per share) $ 0.16 $ 0.09 $ 0.01 $ 0.21
Weighted average common shares — basic (in shares) 164,561 167,930 165,685 167,870
Weighted average common shares — diluted (in shares) 165,292 168,765 166,486 168,679
Operating Property Impairment $ 0 $ 0 $ 36,600 $ 0
Rental property revenues        
Revenues:        
Total Revenues 265,714 237,715 526,822 480,742
Fee income        
Revenues:        
Total Revenues 2,267 494 3,512 990
Other        
Revenues:        
Total Revenues $ 547 $ 1,919 $ 1,303 $ 8,724