XML 63 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Rental income $ 462,225    
Rental income   $ 442,397 $ 416,978
Other operating 8,073 7,992 7,759
Total Revenue 470,298 450,389 424,737
Expenses      
Property operating 180,005    
Property operating   170,506 157,252
General and administrative 34,826 34,511 32,992
Acquisition and pursuit costs 1,742 738 2,180
Depreciation and amortization 177,859 164,201 142,472
Bad debt, net of recoveries   60 159
Total Expenses 394,432 370,016 335,055
Other income (expense)      
Gain on sales of real estate assets 25,101 41,665 39,524
Interest expense (55,435) (52,804) (56,402)
Loss on extinguishment of debt     (44,985)
Impairment of real estate assets (5,617)   (5,385)
Interest and other income (expense), net (730) 537 658
Total other income (expense) (36,681) (10,602) (66,590)
Net income $ 39,185 $ 69,771 $ 23,092
Basic earnings per common share (in USD per share) $ 0.29 $ 0.55 $ 0.18
Diluted earnings per common share (in USD per share) $ 0.29 $ 0.55 $ 0.18
Weighted average common shares outstanding - basic (in shares) 127,999,701 123,292,125 117,926,158
Weighted average common shares outstanding - diluted (in shares) 128,083,984 123,350,933 118,017,165