Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Lease revenue $ 175,308 $ 165,433
Other property revenue 2,289 1,230
Construction contract and other service revenues 10,259 26,603
Total revenues 187,856 193,266
Operating expenses    
Property operating expenses 72,040 66,746
Depreciation and amortization associated with real estate operations 39,359 38,351
Construction contract and other service expenses 9,705 26,007
General, administrative, leasing and other expenses 12,156 11,747
Total operating expenses 133,260 142,851
Interest expense (20,504) (20,767)
Interest and other income, net 1,568 4,122
Gain on sales of real estate 300 0
Income before equity in income of unconsolidated entities and income taxes 35,960 33,770
Equity in income of unconsolidated entities 371 69
Income tax expense (103) (168)
Net income 36,228 33,671
Net income attributable to noncontrolling interests    
Common units in CDPLP (726) (608)
Other consolidated entities (762) (454)
Net income attributable to common shareholders $ 34,740 $ 32,609
Earnings per common share    
Net income attributable to common shareholders - basic (in dollars per share) $ 0.31 $ 0.29
Net income attributable to common shareholders - diluted (in dollars per share) $ 0.31 $ 0.29