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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Revenues from rental properties $ 180,488 $ 163,889 $ 153,886
Interest on notes and mortgages receivable 5,358 1,699 1,522
Total revenues 185,846 165,588 155,408
Operating expenses:      
Property costs 23,789 21,553 22,048
Impairments 5,243 3,545 4,404
Environmental 1,261 (20,902) 3,548
General and administrative 23,735 20,621 20,151
Depreciation and amortization 45,296 39,902 35,518
Total operating expenses 99,324 64,719 85,669
Gains on dispositions of real estate 4,625 16,423 16,718
Operating income 91,147 117,292 86,457
Other income, net 574 413 1,075
Interest expense (31,527) (27,662) (24,672)
Loss on extinguishment of debt (43)    
Net earnings $ 60,151 $ 90,043 $ 62,860
Basic earnings per common share:      
Net Earnings $ 1.16 $ 1.88 $ 1.37
Diluted earnings per common share:      
Net Earnings $ 1.15 $ 1.88 $ 1.37
Weighted average common shares outstanding:      
Basic 50,020 46,730 44,782
Diluted 50,216 46,838 44,819
Net earnings $ 60,151 $ 90,043 $ 62,860
Other comprehensive loss:      
Unrealized loss on cash flow hedges (3,938)    
Cash flow hedge income reclassified to interest expense (83)    
Total other comprehensive loss (4,021)    
Comprehensive income $ 56,130 $ 90,043 $ 62,860