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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenues from rental properties $ 48,848,000 $ 41,533,000 $ 134,873,000 $ 121,330,000
Interest on notes and mortgages receivable 1,638,000 433,000 3,331,000 1,135,000
Total revenues 50,486,000 41,966,000 138,204,000 122,465,000
Operating expenses:        
Property costs 8,710,000 5,719,000 18,221,000 15,669,000
Impairments 986,000 798,000 3,970,000 2,227,000
Environmental 313,000 (632,000) 977,000 (15,419,000)
General and administrative 5,745,000 5,024,000 17,942,000 15,412,000
Depreciation and amortization 11,288,000 9,962,000 32,580,000 29,514,000
Total operating expenses 27,042,000 22,135,000 73,690,000 47,403,000
Gain on dispositions of real estate 583,000 344,000 1,486,000 7,646,000
Operating income 24,027,000 20,175,000 66,000,000 82,708,000
Other income, net 89,000 33,000 383,000 373,000
Interest expense (8,083,000) (6,906,000) (22,701,000) (20,350,000)
Loss on extinguishment of debt     (43,000)  
Net earnings $ 16,033,000 $ 13,302,000 $ 43,639,000 $ 62,731,000
Basic earnings per common share:        
Net earnings $ 0.31 $ 0.27 $ 0.86 $ 1.31
Diluted earnings per common share:        
Net earnings $ 0.31 $ 0.27 $ 0.85 $ 1.31
Weighted average common shares outstanding:        
Basic 50,621 46,734 49,088 46,729
Diluted 50,712 46,779 49,301 46,767