Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Lease revenue $ 192,971 $ 175,308
Other property revenue 1,625 2,289
Construction contract and other service revenues 6,041 10,259
Total revenues 200,637 187,856
Operating expenses    
Property operating expenses 81,435 72,040
Depreciation and amortization associated with real estate operations 42,685 39,359
Construction contract and other service expenses 5,552 9,705
General, administrative, leasing, and other expenses 12,649 12,156
Total operating expenses 142,321 133,260
Interest expense (23,996) (20,504)
Interest and other income, net 3,955 1,568
Gain on sales of real estate 582 300
Income before equity in income of unconsolidated entities and income taxes 38,857 35,960
Equity in income of unconsolidated entities 1,406 371
Income tax expense (124) (103)
Net income 40,139 36,228
Net income attributable to noncontrolling interests    
Common units in CDPLP (812) (726)
Other consolidated entities (771) (762)
Net income attributable to common shareholders $ 38,556 $ 34,740
Earnings per common share    
Net income attributable to common shareholders - basic (in dollars per share) $ 0.34 $ 0.31
Net income attributable to common shareholders - diluted (in dollars per share) $ 0.34 $ 0.31