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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental $ 67,376,000 $ 58,360,000
Related party revenue:    
Management fees and interest income from loans 1,370,000 1,433,000
Other 10,000 20,000
Total revenues 68,756,000 59,813,000
Expenses:    
Real estate operating expenses 17,308,000 15,292,000
Real estate taxes and insurance 12,403,000 9,150,000
Depreciation and amortization 25,332,000 22,445,000
Selling, general and administrative 3,443,000 3,530,000
Interest 7,579,000 6,433,000
Total expenses 66,065,000 56,850,000
Income before equity in losses of non-consolidated REITs, other and gain (loss) on sale of properties, less applicable income tax and taxes 2,691,000 2,963,000
Equity in losses of non-consolidated REITs (397,000) (286,000)
Other 22,000  
Gain (loss) on sale of properties, less applicable income tax 2,289,000  
Income before taxes on income 4,605,000 2,677,000
Taxes on income 125,000.000 98,000.000
Net income $ 4,480,000 $ 2,579,000
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 100,187
Net income per share, basic and diluted (in dollars per share) $ 0.04 $ 0.03