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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenues from rental properties $ 29,022 $ 24,365 $ 57,307 $ 48,261
Tenant reimbursements 4,461 3,924 7,529 6,917
Interest on notes and mortgages receivable 759 748 1,522 1,507
Total revenues 34,242 29,037 66,358 56,685
Operating expenses:        
Property costs 6,429 5,251 11,363 10,061
Impairments 831 914 3,259 4,382
Environmental 1,442 429 2,689 (112)
General and administrative 3,855 3,673 7,442 7,166
Allowance (recoveries) for uncollectible accounts (119) (71) 7 61
Depreciation and amortization 5,907 4,394 11,501 8,787
Total operating expenses 18,345 14,590 36,261 30,345
Operating income 15,897 14,447 30,097 26,340
Gain (loss) on dispositions of real estate 3,016 507 3,665 176
Other income, net 224 3,876 588 4,111
Interest expense (5,314) (4,279) (10,365) (8,359)
Earnings from continuing operations 13,823 14,551 23,985 22,268
Discontinued operations:        
Earnings (loss) from discontinued operations (283) 555 (413) 2,542
Net earnings $ 13,540 $ 15,106 $ 23,572 $ 24,810
Basic earnings per common share:        
Earnings from continuing operations $ 0.34 $ 0.41 $ 0.59 $ 0.64
Earnings (loss) from discontinued operations (0.01) 0.02 (0.01) 0.07
Net earnings 0.33 0.43 0.58 0.71
Diluted earnings per common share:        
Earnings from continuing operations 0.34 0.41 0.59 0.64
Earnings (loss) from discontinued operations (0.01) 0.02 (0.01) 0.07
Net earnings $ 0.33 $ 0.43 $ 0.58 $ 0.71
Weighted average common shares outstanding:        
Basic 39,901 34,634 39,806 34,594
Diluted 39,914 34,634 39,817 34,594
Dividends declared per common share $ 0.32 $ 0.28 $ 0.64 $ 0.56