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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Rental income $ 106,561 $ 102,534 $ 315,519 $ 302,746
Other operating 392 1,125 1,249 3,576
Revenues 106,953 103,659 316,768 306,322
EXPENSES        
Property operating 40,626 37,504 116,644 109,173
General and administrative 8,021 7,859 24,720 23,687
Acquisition and pursuit costs 507 865 1,878 3,411
Depreciation and amortization 35,873 31,985 105,148 93,668
Bad debts, net of recoveries 14 (47) 185 (8)
Total Expenses 85,041 78,166 248,575 229,931
OTHER INCOME (EXPENSE)        
Gain on sales of real estate assets (7) 0 39,519 1
Interest expense (14,107) (13,759) (42,694) (43,512)
Pension termination 0 0 0 (4)
Impairment of real estate assets (5,059) 0 (5,387) 0
Interest and other income, net 426 123 616 301
Total other income (expense) (18,747) (13,636) (7,946) (43,214)
INCOME FROM CONTINUING OPERATIONS 3,165 11,857 60,247 33,177
DISCONTINUED OPERATIONS        
Income (loss) from discontinued operations 8 (23) (9) (50)
Gain on sales of real estate properties 0 0 5 7
INCOME (LOSS) FROM DISCONTINUED OPERATIONS 8 (23) (4) (43)
NET INCOME $ 3,173 $ 11,834 $ 60,243 $ 33,134
BASIC EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 0.02 $ 0.10 $ 0.50 $ 0.31
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) 0.02 0.10 0.50 0.31
DILUTED EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) 0.02 0.10 0.50 0.31
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 0.02 $ 0.10 $ 0.50 $ 0.31
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 119,098,149 114,152,146 116,180,979 106,551,834
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 119,181,391 115,052,036 116,277,239 107,365,847
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90