Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Revenues: | ||||||
| Rental income | $ 188,205 | $ 180,296 | $ 561,765 | $ 520,930 | ||
| Interest income on loans receivable | 1,506 | 521 | 3,919 | 1,362 | ||
| Earned income from direct financing leases | 131 | 131 | 393 | 393 | ||
| Other operating income | 3,533 | 1,956 | 4,888 | 3,550 | ||
| Total revenues | 193,375 | 182,904 | 570,965 | 526,235 | ||
| Expenses: | ||||||
| General and administrative | 14,062 | 14,313 | 45,016 | 42,408 | ||
| Property costs (including reimbursable) | 8,382 | 7,395 | 24,077 | 22,600 | ||
| Deal pursuit costs | 342 | 470 | 1,174 | 1,490 | ||
| Interest | 36,919 | 30,956 | 104,993 | 84,573 | ||
| Depreciation and amortization | 79,370 | 74,600 | 236,527 | 216,606 | ||
| Impairments | 19,258 | 1,571 | 36,052 | 11,096 | ||
| Total expenses | 158,333 | 129,305 | 447,839 | 378,773 | ||
| Other income: | ||||||
| Loss on debt extinguishment | 0 | (172) | ||||
| Gain on disposition of assets | 3,661 | 23,302 | 66,450 | 63,107 | ||
| Other income | 5,679 | |||||
| Total other income | 3,661 | 23,302 | 66,450 | 68,614 | ||
| Income before income tax expense | 38,703 | 76,901 | 189,576 | 216,076 | ||
| Income tax expense | (235) | (261) | (754) | (640) | ||
| Net income | 38,468 | 76,640 | 188,822 | 215,436 | ||
| Dividends paid to preferred shareholders | (2,587) | (2,587) | (7,763) | (7,763) | ||
| Net income attributable to common stockholders | $ 35,881 | $ 74,053 | $ 181,059 | $ 207,673 | ||
| Net income per share attributable to common stockholders: | ||||||
| Basic (in USD per share) | $ 0.25 | $ 0.54 | $ 1.28 | $ 1.56 | ||
| Diluted (in USD per share) | $ 0.25 | $ 0.54 | $ 1.28 | $ 1.56 | ||
| Weighted average shares of common stock outstanding: | ||||||
| Basic (in shares) | 141,124,401 | 136,314,369 | 141,094,907 | 132,835,210 | ||
| Diluted (in shares) | [1] | 141,149,865 | 136,314,369 | 141,103,395 | 132,965,297 | |
| Dividends declared per common share/per partnership unit issued (in USD per share) | $ 0.6696 | $ 0.663 | $ 1.9956 | $ 1.939 | ||
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