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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total Revenues $ 204,320 $ 185,680 $ 407,048 $ 372,578
Expenses:        
Rental property operating expenses 67,099 62,216 138,312 127,093
Reimbursed expenses 159 677 366 1,037
General and administrative expenses 8,021 6,996 16,459 15,059
Interest expense 25,972 16,549 51,002 32,074
Depreciation and amortization 80,269 69,861 156,039 140,605
Other 476 425 861 646
Total costs and expenses 181,996 156,724 363,039 316,514
Income from unconsolidated joint ventures 753 5,280 1,426 6,404
Gain (loss) on investment property transactions 0 28 (2) (41)
Loss on extinguishment of debt 0 (100) 0 (100)
Net income 23,077 34,164 45,433 62,327
Net income attributable to noncontrolling interests (456) (112) (616) (291)
Net income available to common stockholders $ 22,621 $ 34,052 $ 44,817 $ 62,036
Net income per common share — basic (in usd per share) $ 0.15 $ 0.23 $ 0.30 $ 0.42
Net income per common share — diluted (in usd per share) $ 0.15 $ 0.23 $ 0.29 $ 0.42
Weighted average shares — basic (in shares) 151,721 148,837 151,650 148,788
Weighted average shares — diluted (in shares) 152,126 149,142 152,003 149,090
Rental property revenues        
Revenues:        
Total Revenues $ 203,954 $ 183,174 $ 404,030 $ 366,401
Fee income        
Revenues:        
Total Revenues 352 2,305 726 3,693
Other        
Revenues:        
Total Revenues $ 14 $ 201 $ 2,292 $ 2,484