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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Rental income $ 65,110 $ 60,090 $ 129,388 $ 106,077
Expenses:        
Real estate taxes 8,932 7,495 17,743 13,060
Other operating expenses 5,041 4,198 10,222 7,584
Depreciation and amortization 18,525 16,709 36,815 26,320
General and administrative 4,846 4,856 9,677 8,656
Total expenses 37,344 33,258 74,457 55,620
Interest income 2 138 113 499
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $642, $494, $1,229 and $897, respectively) (13,205) (13,924) (27,724) (21,520)
Gain on early extinguishment of debt 120 0 120 0
Income before income tax expense and equity in earnings of an investee 14,683 13,046 27,440 29,436
Income tax expense (126) (60) (189) (68)
Equity in earnings of an investee 0 130 0 534
Net income 14,557 13,116 27,251 29,902
Net loss attributable to noncontrolling interest 264 0 416 0
Net income attributable to common shareholders 14,821 13,116 27,667 29,902
Other comprehensive income:        
Equity in unrealized gains of an investee 0 71 0 137
Other comprehensive income 0 71 0 137
Comprehensive income attributable to common shareholders $ 14,821 $ 13,187 $ 27,667 $ 30,039
Weighted average common shares outstanding - basic (in shares) 65,089 65,039 65,082 65,035
Weighted average common shares outstanding - diluted (in shares) 65,091 65,043 65,087 65,042
Net income attributable to common shareholders (in dollars per share) $ 0.23 $ 0.20 $ 0.42 $ 0.46