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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES      
Rental income $ 442,397 $ 416,978 $ 402,205
Other operating 7,992 7,759 9,750
Total Revenue 450,389 424,737 411,955
EXPENSES      
Property operating 170,506 157,252 146,529
General and administrative 34,511 32,992 31,309
Acquisition and pursuit costs 738 2,180 4,496
Depreciation and amortization 164,201 142,472 127,690
Bad debt, net of recoveries 60 159 (21)
Total Expenses 370,016 335,055 310,003
OTHER INCOME (EXPENSE)      
Gain on sales of real estate assets 41,665 39,524 41,044
Interest Expense (52,804) (56,402) (57,351)
Loss on extinguishment of debt   (44,985)  
Pension termination     (4)
Impairment of real estate assets   (5,385) (121)
Interest and other income, net 537 658 51
Total other income (expense) (10,602) (66,590) (16,381)
NET INCOME $ 69,771 $ 23,092 $ 85,571
Basic earnings per common share (dollars per share) $ 0.55 $ 0.18 $ 0.79
Diluted earnings per common share (dollars per share) $ 0.55 $ 0.18 $ 0.78
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 123,292,125 117,926,158 108,572,102
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 123,350,933 118,017,165 109,386,997