Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
| Revenues: | ||||
| Rental income | $ 173,559 | $ 164,449 | $ 340,634 | $ 299,107 |
| Interest income on loans receivable | 522 | 841 | ||
| Earned income from direct financing leases | 131 | 132 | 262 | 263 |
| Other operating income | 723 | 45 | 1,594 | 397 |
| Total revenues | 174,935 | 164,626 | 343,331 | 299,767 |
| Expenses: | ||||
| General and administrative | 13,421 | 13,450 | 28,095 | 26,496 |
| Property costs (including reimbursable) | 6,950 | 6,319 | 15,205 | 11,771 |
| Deal pursuit costs | 655 | 257 | 1,020 | 499 |
| Interest | 27,594 | 26,170 | 53,617 | 52,794 |
| Depreciation and amortization | 72,898 | 60,074 | 142,006 | 117,161 |
| Impairments | 9,398 | 7,800 | 9,525 | 14,530 |
| Total expenses | 130,916 | 114,070 | 249,468 | 223,251 |
| Other income: | ||||
| Loss on debt extinguishment | (10) | (172) | (29,187) | |
| Gain on disposition of assets | 38,928 | 37,507 | 39,805 | 39,343 |
| Other income | 5,679 | |||
| Total other income | 38,928 | 37,497 | 45,312 | 10,156 |
| Income before income tax expense | 82,947 | 88,053 | 139,175 | 86,672 |
| Income tax expense | (207) | (129) | (379) | (217) |
| Net income | 82,740 | 87,924 | 138,796 | 86,455 |
| Dividends paid to preferred shareholders | (2,588) | (2,588) | (5,176) | (5,176) |
| Net income attributable to common stockholders | $ 80,152 | $ 85,336 | $ 133,620 | $ 81,279 |
| Net income per share attributable to common stockholders: | ||||
| Basic (in USD per share) | $ 0.60 | $ 0.74 | $ 1.02 | $ 0.71 |
| Diluted (in USD per share) | $ 0.60 | $ 0.74 | $ 1.02 | $ 0.70 |
| Weighted average shares of common stock outstanding: | ||||
| Basic (in shares) | 134,147,541 | 115,005,740 | 131,066,799 | 114,840,397 |
| Diluted (in shares) | 134,219,450 | 115,557,555 | 131,307,057 | 115,212,294 |
| Dividends declared per common share/per partnership unit issued (in USD per share) | $ 0.6380 | $ 0.6250 | $ 1.2760 | $ 1.2500 |