v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Rental revenue $ 157,763 $ 136,544 $ 458,267 $ 387,444
Interest on loans and direct financing lease receivables 10,478 8,129 28,910 23,228
Other revenue, net 430 261 2,180 680
Total revenues 168,671 144,934 489,357 411,352
Expenses:        
General and administrative 14,107 10,211 37,347 32,423
Property expenses 2,140 1,850 4,716 5,604
Depreciation and amortization 46,925 38,976 136,244 112,559
Provision for impairment of real estate 15,032 1,439 33,227 7,934
Change in provision for credit losses 196 83 3,453 83
Total expenses 78,400 52,559 214,987 158,603
Other operating income:        
Gain on dispositions of real estate, net 4,234 1,361 14,200 8,421
Income from operations 94,505 93,736 288,570 261,170
Other (expense)/income:        
Loss on debt extinguishment (138) 0 (138) 0
Interest expense (34,214) (28,348) (94,429) (77,139)
Interest income 722 582 1,711 1,907
Other income, net 0 0 387 0
Income before income tax expense 60,875 65,970 196,101 185,938
Income tax expense 218 170 1,013 485
Net income 60,657 65,800 195,088 185,453
Net income attributable to non-controlling interests (500) (180) (852) (511)
Net income attributable to stockholders $ 60,157 $ 65,620 $ 194,236 $ 184,942
Basic weighted average shares outstanding (in shares) 216,679,914 198,141,272 214,396,578 194,753,085
Basic net income per share (in USD per share) $ 0.28 $ 0.33 $ 0.90 $ 0.95
Diluted weighted average shares outstanding (in shares) 219,121,415 199,875,244 216,394,255 196,853,561
Diluted net income per share (in USD per share) $ 0.27 $ 0.33 $ 0.90 $ 0.94