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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental income $ 214,825 $ 203,630
Interest and other income from real estate transactions 582 478
Total revenues 215,407 204,108
Operating expenses:    
General and administrative 12,584 12,251
Real estate 7,154 6,846
Depreciation and amortization 60,615 59,148
Leasing transaction costs 33 75
Impairment losses – real estate, net of recoveries 1,204 2,640
Executive retirement costs 317 423
Total operating expenses 81,907 81,383
Gain on disposition of real estate 4,821 6,300
Earnings from operations 138,321 129,025
Other expenses (revenues):    
Interest and other income (119) (33)
Interest expense 44,069 38,891
Total other expenses (revenues) 43,950 38,858
Net earnings $ 94,371 $ 90,167
Net earnings per share    
Basic (in dollars per share) $ 0.52 $ 0.5
Diluted (in dollars per share) $ 0.52 $ 0.5
Weighted average shares outstanding:    
Basic (in shares) 181,794,208 180,845,503
Diluted (in shares) 182,212,897 181,434,345
Total comprehensive income    
Net earnings $ 94,371 $ 90,167
Amortization of interest rate hedges 632 607
Total comprehensive income $ 95,003 $ 90,774