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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:                      
Rental income                 $ 155,667    
Rental income                   $ 140,073 $ 117,633
Tenant reimbursements                   11,924 10,254
Independent living facilities                 3,389 3,379 3,228
Interest and other income                 4,345 1,565 1,867
Total revenues $ 44,228 $ 33,314 $ 46,201 $ 39,658 $ 40,361 $ 39,510 $ 38,969 $ 38,101 163,401 156,941 132,982
Expenses:                      
Depreciation and amortization                 51,822 45,766 39,159
Interest expense                 28,125 27,860 24,196
Loss on the extinguishment of debt                 0 0 11,883
Property taxes                 3,048 11,924 10,254
Independent living facilities                 2,898 2,964 2,733
Impairment of real estate investments                 16,692 0 890
Provision for loan losses                 1,076 0 0
Reserve for advances and deferred rent                 0 0 10,414
General and administrative                 15,158 12,555 11,117
Total expenses                 118,819 101,069 110,646
Other income:                      
Gain on sale of real estate                 1,777 2,051 0
Gain on disposition of other real estate investment                 0 0 3,538
Net income $ 20,662 $ (10,054) $ 19,698 $ 16,053 $ 15,539 $ 14,510 $ 13,267 $ 14,607 $ 46,359 $ 57,923 $ 25,874
Earnings per common share:                      
Basic (usd per share) $ 0.22 $ (0.11) $ 0.21 $ 0.18 $ 0.18 $ 0.18 $ 0.17 $ 0.19 $ 0.49 $ 0.73 $ 0.35
Diluted (usd per share) $ 0.22 $ (0.11) $ 0.21 $ 0.18 $ 0.18 $ 0.18 $ 0.17 $ 0.19 $ 0.49 $ 0.72 $ 0.35
Weighted-average number of common shares:                      
Basic (shares) 95,103 95,103 94,036 88,010 84,059 81,490 76,374 75,504 93,088 79,386 72,647
Diluted (shares) 95,144 95,103 94,036 88,010 84,084 81,490 76,374 75,504 93,098 79,392 72,647