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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Rental income $ 111,452 $ 105,078 $ 331,247 $ 311,171
Other operating 2,010 1,947 5,973 5,816
Revenues 113,462 107,025 337,220 316,987
EXPENSES        
Property operating 44,135 40,628 127,691 116,663
General and administrative 8,504 8,021 25,977 24,720
Acquisition and pursuit costs 141 507 538 1,878
Depreciation and amortization 42,061 35,873 121,764 105,148
Bad debts, net of recoveries (62) 4 42 175
Total Expenses 94,779 85,033 276,012 248,584
OTHER INCOME (EXPENSE)        
Gain (loss) on sales of real estate assets 1,288 (7) 30,879 39,525
Interest expense (13,464) (14,107) (39,202) (42,694)
Impairment of real estate assets 0 (5,059)   (5,387)
Interest and other income, net 41 354 571 396
Total other income (expense) (12,135) (18,819) (7,752) (8,160)
NET INCOME $ 6,548 $ 3,173 $ 53,456 $ 60,243
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.02 $ 0.42 $ 0.50
Diluted earnings per common share (in dollars per share) $ 0.05 $ 0.02 $ 0.42 $ 0.50
Weighted average common shares outstanding - basic (in shares) 123,299,809 119,098,149 123,280,753 116,180,979
Weighted average common shares outstanding - diluted (in shares) 123,351,956 119,181,391 123,335,516 116,277,239
Dividends declared, per common share, during the period (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90