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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income $ 59,272 $ 54,459 $ 171,374 $ 159,624
Interest income from mortgage and other notes 3,591 2,507 9,915 7,149
Investment income and other 388 1,255 2,184 3,512
Revenues 63,251 58,221 183,473 170,285
Expenses:        
Depreciation 15,240 13,485 43,668 39,502
Interest, including amortization of debt discount and issuance costs 10,816 9,772 31,745 27,471
Legal 156 117 406 295
Franchise, excise and other taxes 271 214 826 658
General and administrative 2,169 1,691 7,218 8,050
Loan and realty losses (recoveries) 1,131 0 15,856 (491)
Total operating expenses 29,783 25,279 99,719 75,485
Income before equity-method investee, TRS tax benefit, investment and other gains and noncontrolling interest 33,468 32,942 83,754 94,800
Loss from equity-method investee (754) (252) (1,214) (765)
Income tax benefit attributable to taxable REIT subsidiary (933) 100 (749) 306
Investment and other gains 1,657 1,187 29,737 1,187
Net income 33,438 33,977 111,528 95,528
Less: net income attributable to noncontrolling interest (406) (377) (1,176) (1,062)
Net income attributable to common stockholders $ 33,032 $ 33,600 $ 110,352 $ 94,466
Weighted average common shares outstanding:        
Basic 39,283,919 37,566,221 38,735,262 37,563,503
Diluted 39,651,900 37,583,141 38,876,025 37,611,841
Basic:        
Net income per common share attributable to common stockholders $ 0.84 $ 0.89 $ 2.85 $ 2.51
Diluted:        
Net income per common share attributable to common stockholders $ 0.83 $ 0.89 $ 2.84 $ 2.51