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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental income $ 65,735 $ 57,028 $ 128,873 $ 112,102
Interest income from mortgage and other notes 3,992 3,307 7,081 6,468
Investment income and other 109 869 271 1,652
Revenues 69,836 61,204 136,225 120,222
Expenses:        
Depreciation 16,829 14,695 32,983 28,429
Interest, including amortization of debt discount and issuance costs 11,828 10,666 23,489 20,928
Legal 146 124 202 250
Franchise, excise and other taxes 267 273 534 555
General and administrative 2,521 2,120 6,630 5,048
Loan and realty losses (recoveries) 0 14,726 0 14,726
Total operating expenses 31,591 42,604 63,838 69,936
Income before equity-method investee, TRS tax benefit, investment and other gains and noncontrolling interest 38,245 18,600 72,387 50,286
Loss from equity-method investee 0 (57) 0 (460)
Income tax benefit attributable to taxable REIT subsidiary 0 23 0 184
Investment and other gains 0 26,415 10,088 28,080
Net income 38,245 44,981 82,475 78,090
Less: net income attributable to noncontrolling interest 0 (386) 0 (770)
Net income attributable to common stockholders $ 38,245 $ 44,595 $ 82,475 $ 77,320
Weighted average common shares outstanding:        
Basic 40,982,244 38,520,221 40,468,024 38,460,934
Diluted 41,245,173 38,561,384 40,679,345 38,488,088
Basic:        
Net income per common share attributable to common stockholders $ 0.93 $ 1.16 $ 2.04 $ 2.01
Diluted:        
Net income per common share attributable to common stockholders $ 0.93 $ 1.16 $ 2.03 $ 2.01