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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 143,635 $ 133,209 $ 124,018
Operating expenses:      
General and administrative 13,639 12,259 10,977
Depreciation and amortization 23,884 21,811 20,577
Interest expense 19,959 19,469 14,828
Total operating expenses 76,496 72,191 64,235
Other income, net 781 324 97
Realized gain on sale, net 15,271 10,532 16,623
Income before income tax 83,191 71,874 76,503
Income tax (expense) benefit (262) 18 80,347
Net income 82,929 71,892 156,850
Net income attributable to noncontrolling interest (531) (498) (41)
Net income $ 82,398 $ 71,394 $ 156,809
Earnings per share, basic (in USD per share) $ 1.29 $ 1.18 $ 2.75
Earnings per share, diluted (in USD per share) $ 1.28 $ 1.18 $ 2.63
Weighted average common shares outstanding – basic 64,041,255 60,627,423 56,984,561
Weighted average common shares outstanding –diluted 64,388,929 60,695,834 59,568,067
Distributions declared per share $ 1.1125 $ 1.0025 $ 0.970000
Rental      
Revenues:      
Total revenues $ 123,665 $ 113,937 $ 105,624
Restaurant      
Revenues:      
Total revenues $ 19,970 $ 19,272 $ 18,394