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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental revenue $ 36,465 $ 32,111 $ 76,007 $ 62,884
Interest on loans and direct financing lease receivables 2,037 403 3,976 729
Other revenue, net 1 241 8 248
Total revenues 38,503 32,755 79,991 63,861
Expenses:        
Interest 7,403 5,779 14,236 12,867
General and administrative 6,253 4,737 13,789 8,925
Property expenses 572 645 945 1,892
Depreciation and amortization 13,464 10,105 26,476 19,225
Provision for impairment of real estate 1,486 481 1,859 1,921
Provision for loan losses 48 0 516 0
Total expenses 29,226 21,747 57,821 44,830
Other operating income:        
Gain on dispositions of real estate, net 1,093 3,474 2,968 4,150
Income from operations 10,370 14,482 25,138 23,181
Other (loss)/income:        
Loss on repayment and repurchase of secured borrowings 0 (4,353) (924) (4,353)
Interest income 144 518 375 609
Income before income tax expense 10,514 10,647 24,589 19,437
Income tax expense 70 76 101 143
Net income 10,444 10,571 24,488 19,294
Net income attributable to non-controlling interests (63) (2,620) (147) (5,214)
Net income attributable to stockholders $ 10,381 $ 7,951 $ 24,341 $ 14,080
Basic weighted average shares outstanding (in shares) 91,604,397 57,103,676 90,963,400 51,204,733
Basic net income per share (in USD per share) $ 0.11 $ 0.14 $ 0.27 $ 0.27
Diluted weighted average shares outstanding (in shares) 92,483,898 76,665,905 91,908,098 70,686,969
Diluted net income per share (in USD per share) $ 0.11 $ 0.14 $ 0.26 $ 0.27