XML 36 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:                
Rental income $ 31,577           $ 114,047  
Rental income       $ 35,332       $ 103,856
Tenant reimbursements       2,990       8,974
Independent living facilities 929     871     2,676 2,515
Interest and other income 808     317     2,450 1,235
Total revenues 33,314     39,510     119,173 116,580
Expenses:                
Depreciation and amortization 13,420     11,351     38,759 34,227
Interest expense 7,064     6,805     21,209 21,182
Property taxes 1,025     2,990     2,307 8,974
Independent living facilities 806     766     2,232 2,226
Impairment of real estate investments 16,692     0     16,692 0
Provision for loan losses 1,076     0     1,076 0
General and administrative 3,502     3,088     11,418 9,638
Total expenses 43,585     25,000     93,693 76,247
Other income:                
Gain on sale of real estate 217     0     217 2,051
Net (loss) income $ (10,054) $ 19,698 $ 16,053 $ 14,510 $ 13,267 $ 14,607 $ 25,697 $ 42,384
Earnings per common share:                
Basic (in usd per share) $ (0.11)     $ 0.18     $ 0.28 $ 0.54
Diluted (in usd per share) $ (0.11)     $ 0.18     $ 0.28 $ 0.54
Weighted-average number of common shares:                
Basic (in shares) 95,103     81,490     92,409 77,811
Diluted (in shares) 95,103     81,490     92,409 77,811