Consolidated Statements of Operations - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2023 |
Mar. 31, 2022 |
| Revenues: |
|
|
| Rental income |
$ 187,294
|
$ 167,075
|
| Interest income on loans receivable |
817
|
319
|
| Earned income from direct financing leases |
131
|
131
|
| Other operating income |
47
|
871
|
| Total revenues |
188,289
|
168,396
|
| Expenses: |
|
|
| General and administrative |
15,879
|
14,674
|
| Property costs (including reimbursable) |
7,613
|
8,255
|
| Deal pursuit costs |
573
|
365
|
| Interest |
33,547
|
26,023
|
| Depreciation and amortization |
78,213
|
69,108
|
| Impairments |
5,255
|
127
|
| Total expenses |
141,080
|
118,552
|
| Other income: |
|
|
| Loss on debt extinguishment |
0
|
(172)
|
| Gain on disposition of assets |
49,187
|
877
|
| Other income |
|
5,679
|
| Total other income |
49,187
|
6,384
|
| Income before income tax expense |
96,396
|
56,228
|
| Income tax expense |
(223)
|
(172)
|
| Net income |
96,173
|
56,056
|
| Dividends paid to preferred shareholders |
(2,588)
|
(2,588)
|
| Net income attributable to common stockholders |
$ 93,585
|
$ 53,468
|
| Net income per share attributable to common stockholders: |
|
|
| Basic (in USD per share) |
$ 0.66
|
$ 0.42
|
| Diluted (in USD per share) |
$ 0.66
|
$ 0.42
|
| Weighted average shares of common stock outstanding: |
|
|
| Basic (in shares) |
141,055,850
|
127,951,825
|
| Diluted (in shares) |
141,055,850
|
128,360,431
|
| Dividends declared per common share/per partnership unit issued (in USD per share) |
$ 0.6630
|
$ 0.6380
|