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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Rental income $ 110,229 $ 102,709
Other operating 1,895 1,935
Revenues 112,124 104,644
EXPENSES    
Property operating 41,818 37,852
General and administrative 9,101 8,694
Acquisition and pursuit costs 277 586
Depreciation and amortization 39,573 34,452
Bad debts, net of recoveries   66
Total Expenses 90,769 81,650
OTHER INCOME (EXPENSE)    
Gain on sales of real estate assets   23,408
Interest expense (12,668) (14,272)
Impairment of real estate asset   (323)
Interest and other income, net 493 38
Total other income (expense) (12,175) 8,851
NET INCOME $ 9,180 $ 31,845
BASIC EARNINGS PER COMMON SHARE:    
Net income (in dollars per share) $ 0.07 $ 0.28
DILUTED EARNINGS PER COMMON SHARE:    
Net income (in dollars per share) $ 0.07 $ 0.28
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 123,257,351 114,675,084
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 123,347,681 115,507,002
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30