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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Base rental - UHS facilities $ 16,888 $ 16,299 $ 15,955
Base rental - Non-related parties 40,335 37,060 35,157
Bonus rental - UHS facilities 4,917 4,723 4,565
Tenant reimbursements and other - Non-related parties 9,198 8,113 7,490
Tenant reimbursements and other - UHS facilities 1,010 886 783
Revenues, Total 72,348 67,081 63,950
Expenses:      
Depreciation and amortization 25,116 22,956 22,108
Advisory fees to UHS 3,577 3,263 2,810
Other operating expenses 19,511 18,220 18,152
Transaction costs 107 528 243
Hurricane related expenses 4,967    
Hurricane insurance recoveries (4,967)    
Costs and Expenses, Total 48,311 44,967 43,313
Income before equity in income of unconsolidated limited liability companies ("LLCs"), interest expense, hurricane insurance recovery proceeds in excess of damaged property write-downs and gain 24,037 22,114 20,637
Equity in income of unconsolidated LLCs [1] 2,416 4,456 2,536
Hurricane insurance recovery proceeds in excess of damaged property write-downs 2,033    
Gain on Arlington transaction 27,196    
Gain on property exchange     8,742
Interest expense, net (10,063) (9,355) (8,224)
Net income $ 45,619 $ 17,215 $ 23,691
Basic earnings per share $ 3.35 $ 1.28 $ 1.78
Diluted earnings per share $ 3.35 $ 1.28 $ 1.78
Weighted average number of shares outstanding - Basic 13,625 13,464 13,293
Weighted average number of share equivalents   4 8
Weighted average number of shares and equivalents outstanding - Diluted 13,625 13,468 13,301
[1] Our share of net income during 2017, 2016 and 2015, includes approximately $284,000, $1.2 million and $200,000, respectively, of interest income earned by us on an advance made to Arlington Medical Properties, LLC.