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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:      
Rental income $ 137,657 $ 133,527 $ 113,080
Interest income from mortgage loans 26,769 27,321 22,119
Interest and other income 3,639 735 1,004
Total revenues 168,065 161,583 136,203
Expenses:      
Interest expense 29,949 26,442 17,497
Depreciation and amortization 37,610 35,932 29,431
Impairment charges 1,880 766 2,250
(Recovery) provision for doubtful accounts (206) 457 619
Transaction costs 56 179 744
General and administrative expenses 17,513 17,412 14,986
Total expenses 86,802 81,188 65,527
Operating income 81,263 80,395 70,676
Income from unconsolidated joint ventures 2,263 1,138 1,819
Gain on sale of real estate, net 3,814 3,582 586
Net income 87,340 85,115 73,081
Income allocated to participating securities (362) (385) (484)
Income allocated to preferred stockholders     (2,454)
Net income available to common stockholders $ 86,978 $ 84,730 $ 70,143
Earnings per common share:      
Basic (in dollars per share) $ 2.21 $ 2.21 $ 1.97
Diluted (in dollars per share) $ 2.20 $ 2.21 $ 1.94
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 39,409 38,388 35,590
Diluted (in shares) 39,637 38,597 37,329