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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Rental revenues and tenant expense reimbursements $ 47,147 $ 43,397 $ 138,005 $ 126,007
Total revenues 47,147 43,397 138,005 126,007
COSTS AND EXPENSES        
Property operating expenses 12,228 10,991 36,070 32,393
Depreciation and amortization 12,124 11,105 34,683 32,168
General and administrative 5,130 5,132 16,553 17,852
Acquisition costs 123 47 186 48
Total costs and expenses 29,605 27,275 87,492 82,461
OTHER INCOME (EXPENSE)        
Interest and other income 51 832 805 3,171
Interest expense, including amortization (3,887) (3,952) (11,802) (12,269)
Gain on sales of real estate investments 9,016 1,782 26,766 6,247
Total other income (expense) 5,180 (1,338) 15,769 (2,851)
Net income 22,722 14,784 66,282 40,695
Allocation to participating securities (194) (95) (277) (257)
Net income available to common stockholders $ 22,528 $ 14,689 $ 66,005 $ 40,438
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:        
Net income available to common stockholders - basic (in dollars per share) $ 0.33 $ 0.22 $ 0.98 $ 0.64
Net income available to common stockholders - diluted (in dollars per share) $ 0.33 $ 0.22 $ 0.97 $ 0.63
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 68,112,661 65,724,426 67,600,957 63,667,100
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 68,372,515 66,018,996 67,860,811 63,961,670