Real Estate (Tables)

3 Months Ended

Mar. 31, 2014

Real Estate [Abstract]

Summary of NHC Percentage Rent [Table Text Block]

The following table summarizes the percentage rent income from NHC (in thousands):

	Three Months Ended
	March 31,
	2014		2013
Current year	$	566	$	569
Prior year final certification1	15		746
Total percentage rent income	$	581	$	1,315

¹ For purposes of the percentage rent calculation described in the master lease Agreement, NHC’s annual revenue by facility for a given year is certified to NHI by March 31st of the following year.

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma revenue, net income and net income available to common stockholders of the combined entity is provided below had the acquisition date been January 1, 2012 (in thousands):

	Three Months Ended
	March 31,
	2014		2013
Revenue	$	43,136	$	29,714
Net income	$	23,899	$	16,341
Net income available to common stockholders	$	23,576	$	16,161
Basic earnings per common share	$	.71	$	.58
Diluted earnings per common share	$	.71	$	.58

Supplemental pro forma information above includes revenues from the Care lease with OpCo, recognized on a straight-line basis, depreciation, and appropriate interest costs.