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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues from rental properties $ 34,650,000 $ 33,287,000
Interest on notes and mortgages receivable 713,000 762,000
Total revenues 35,363,000 34,049,000
Operating expenses:    
Property costs 4,935,000 5,495,000
Impairments 1,031,000 771,000
Environmental 221,000 903,000
General and administrative 4,068,000 4,062,000
Depreciation and amortization 7,097,000 6,099,000
Total operating expenses 17,352,000 17,330,000
Gain (loss) on dispositions of real estate 869,000 (51,000)
Operating income 18,880,000 16,668,000
Other income (expense), net 495,000 205,000
Interest expense (6,675,000) (5,946,000)
Net earnings $ 12,700,000 $ 10,927,000
Basic earnings per common share:    
Net earnings $ 0.30 $ 0.26
Diluted earnings per common share:    
Net earnings $ 0.30 $ 0.26
Weighted average common shares outstanding:    
Basic 41,383 40,873
Diluted 41,391 40,891