XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total Revenues $ 198,848 $ 195,170 $ 605,896 $ 567,748
Expenses:        
Rental property operating expenses 64,838 66,632 203,150 193,725
Reimbursed expenses 149 418 515 1,455
General and administrative expenses 8,336 6,498 24,795 21,557
Interest expense 27,008 18,380 78,010 50,454
Depreciation and amortization 79,492 79,116 235,531 219,721
Other 623 231 1,484 877
Total costs and expenses 180,446 171,275 543,485 487,789
Income from unconsolidated joint ventures 582 634 2,008 7,038
Gain on sales of investments in unconsolidated joint ventures 0 56,260 0 56,260
Gain (loss) on investment property transactions 507 (20) 505 (61)
Loss on extinguishment of debt 0 0 0 (100)
Net income 19,491 80,769 64,924 143,096
Net income attributable to noncontrolling interests (130) (130) (746) (421)
Net income available to common stockholders $ 19,361 $ 80,639 $ 64,178 $ 142,675
Net income per common share — basic (in usd per share) $ 0.13 $ 0.53 $ 0.42 $ 0.95
Net income per common share — diluted (in usd per share) $ 0.13 $ 0.53 $ 0.42 $ 0.95
Weighted average shares — basic (in shares) 151,774 151,435 151,692 149,670
Weighted average shares — diluted (in shares) 152,048 151,695 152,018 149,946
Rental property revenues        
Revenues:        
Total Revenues $ 198,429 $ 193,455 $ 602,459 $ 559,856
Fee income        
Revenues:        
Total Revenues 318 1,677 1,044 5,370
Other        
Revenues:        
Total Revenues $ 101 $ 38 $ 2,393 $ 2,522