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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues from rental properties $ 43,658,000 $ 40,814,000 $ 86,025,000 $ 79,797,000
Interest on notes and mortgages receivable 1,040,000 365,000 1,693,000 702,000
Total revenues 44,698,000 41,179,000 87,718,000 80,499,000
Operating expenses:        
Property costs 4,811,000 5,324,000 9,511,000 9,950,000
Impairments 2,462,000 391,000 2,984,000 1,429,000
Environmental 343,000 (15,910,000) 664,000 (16,051,000)
General and administrative 5,912,000 5,260,000 12,197,000 10,388,000
Depreciation and amortization 10,864,000 9,924,000 21,292,000 19,552,000
Total operating expenses 24,392,000 4,989,000 46,648,000 25,268,000
Gain on dispositions of real estate 316,000 1,149,000 903,000 7,302,000
Operating income 20,622,000 37,339,000 41,973,000 62,533,000
Other income, net 6,000 248,000 294,000 340,000
Interest expense (7,104,000) (6,907,000) (14,618,000) (13,444,000)
Loss on extinguishment of debt     (43,000)  
Net earnings $ 13,524,000 $ 30,680,000 $ 27,606,000 $ 49,429,000
Basic earnings per common share:        
Net earnings $ 0.26 $ 0.64 $ 0.55 $ 1.03
Diluted earnings per common share:        
Net earnings $ 0.26 $ 0.64 $ 0.55 $ 1.03
Weighted average common shares outstanding:        
Basic 49,615 46,733 48,309 46,727
Diluted 49,989 46,756 48,576 46,746