Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.24.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Lease revenue $ 170,549 $ 155,268 $ 501,601 $ 459,510
Other property revenue 2,014 1,339 4,710 3,731
Construction contract and other service revenues 16,662 11,949 63,523 42,012
Total revenues 189,225 168,556 569,834 505,253
Operating expenses        
Property operating expenses 68,881 61,788 199,037 182,808
Depreciation and amortization associated with real estate operations 38,307 37,620 114,819 112,215
Construction contract and other service expenses 16,127 11,493 61,746 40,249
Impairment losses 0 252,797 0 252,797
General, administrative, leasing and other expenses 11,416 10,576 35,195 31,424
Total operating expenses 134,731 374,274 410,797 619,493
Interest expense (20,376) (17,798) (61,760) (50,759)
Interest and other income, net 3,324 2,529 10,330 6,928
Gain on sales of real estate 0 0 0 49,392
Income (loss) before equity in income (loss) of unconsolidated entities and income taxes 37,442 (220,987) 107,607 (108,679)
Equity in income (loss) of unconsolidated entities 85 (68) 180 (21)
Income tax expense (130) (152) (312) (467)
Net income (loss) 37,397 (221,207) 107,475 (109,167)
Net (income) loss attributable to noncontrolling interests:        
Common units in CDPLP (711) 3,691 (2,013) 1,882
Other consolidated entities (601) 1,329 (1,654) 164
Net income (loss) attributable to common shareholders $ 36,085 $ (216,187) $ 103,808 $ (107,121)
Earnings per common share:        
Net income (loss) attributable to common shareholders - basic (in dollars per share) $ 0.32 $ (1.94) $ 0.92 $ (0.96)
Net income (loss) attributable to common shareholders - diluted (in dollars per share) $ 0.32 $ (1.94) $ 0.92 $ (0.96)