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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Rental income $ 104,869 $ 101,472 $ 208,957 $ 200,212
Other operating 376 1,170 857 2,451
Revenues 105,245 102,642 209,814 202,663
EXPENSES        
Property operating 38,184 36,263 76,018 71,668
General and administrative 8,005 7,756 16,699 15,828
Acquisition and pursuit costs 785 373 1,371 2,547
Depreciation and amortization 34,823 31,290 69,274 61,684
Bad debts, net of recoveries 105 78 171 39
Total Expenses 81,902 75,760 163,533 151,766
OTHER INCOME (EXPENSE)        
Gain on sales of real estate assets 16,124 1 39,527 1
Interest expense (14,315) (14,815) (28,587) (29,753)
Pension termination 0 (4) 0 (4)
Impairment of real estate assets (5) 0 (328) 0
Interest and other income, net 77 93 189 179
Total other income (expense) 1,881 (14,725) 10,801 (29,577)
INCOME FROM CONTINUING OPERATIONS 25,224 12,157 57,082 21,320
DISCONTINUED OPERATIONS        
Loss from discontinued operations 0 (19) (17) (27)
Gain on sales of real estate properties 0 7 5 7
LOSS FROM DISCONTINUED OPERATIONS 0 (12) (12) (20)
NET INCOME $ 25,224 $ 12,145 $ 57,070 $ 21,300
BASIC EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 0.22 $ 0.12 $ 0.50 $ 0.21
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) 0.22 0.12 0.50 0.21
DILUTED EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) 0.22 0.12 0.49 0.21
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 0.22 $ 0.12 $ 0.49 $ 0.21
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 114,721,099 103,987,749 114,698,219 102,709,919
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 115,674,364 104,769,545 115,596,829 103,470,534
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60