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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Rental income $ 109,566 $ 103,384 $ 219,795 $ 206,093
Other operating 2,068 1,934 3,963 3,869
Revenues 111,634 105,318 223,758 209,962
EXPENSES        
Property operating 41,737 38,184 83,556 76,035
General and administrative 8,373 8,005 17,473 16,699
Acquisition and pursuit costs 120 785 397 1,371
Depreciation and amortization 40,130 34,823 79,703 69,274
Bad debts, net of recoveries 104 105 104 171
Total Expenses 90,464 81,902 181,233 163,550
OTHER INCOME (EXPENSE)        
Gain on sales of real estate assets 29,590 16,124 29,590 39,532
Interest expense (13,069) (14,315) (25,737) (28,587)
Impairment of real estate assets 0 (5)   (328)
Interest and other income, net 38 4 530 41
Total other income (expense) 16,559 1,808 4,383 10,658
NET INCOME $ 37,729 $ 25,224 $ 46,908 $ 57,070
Basic earnings per common share - Net income (in dollars per share) $ 0.30 $ 0.22 $ 0.37 $ 0.50
Diluted earnings per common share - Net income (in dollars per share) $ 0.30 $ 0.22 $ 0.37 $ 0.49
Weighted average common shares outstanding - basic (in shares) 123,284,634 114,721,099 123,271,068 114,698,219
Weighted average common shares outstanding - diluted (in shares) 123,321,005 115,674,364 123,324,160 115,596,829
Dividends declared, per common share, during the period (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60