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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues from rental properties $ 36,336,000 $ 33,560,000 $ 70,986,000 $ 66,847,000
Interest on notes and mortgages receivable 668,000 728,000 1,381,000 1,490,000
Total revenues 37,004,000 34,288,000 72,367,000 68,337,000
Operating expenses:        
Property costs 6,391,000 5,643,000 11,326,000 11,138,000
Impairments 507,000 701,000 1,538,000 1,472,000
Environmental 830,000 855,000 1,051,000 1,758,000
General and administrative 4,545,000 3,685,000 8,613,000 7,747,000
Depreciation and amortization 7,325,000 6,151,000 14,422,000 12,250,000
Total operating expenses 19,598,000 17,035,000 36,950,000 34,365,000
Gain (loss) on dispositions of real estate 187,000 427,000 1,056,000 376,000
Operating income 17,593,000 17,680,000 36,473,000 34,348,000
Other income (expense), net 61,000 1,504,000 556,000 1,709,000
Interest expense (6,681,000) (5,986,000) (13,356,000) (11,932,000)
Net earnings $ 10,973,000 $ 13,198,000 $ 23,673,000 $ 24,125,000
Basic earnings per common share:        
Net earnings $ 0.26 $ 0.32 $ 0.56 $ 0.58
Diluted earnings per common share:        
Net earnings $ 0.26 $ 0.32 $ 0.56 $ 0.58
Weighted average common shares outstanding:        
Basic 41,456 41,024 41,420 40,949
Diluted 41,467 41,049 41,445 40,968