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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Rental income $ 283,253 $ 267,555 $ 821,197 $ 762,711
Interest income from mortgaged real estate 0 5,574 0 19,130
Total income from real estate 283,253 273,129 821,197 781,841
Gaming, food, beverage and other 15,459 34,425 96,819 71,163
Total revenues 298,712 307,554 918,016 853,004
Operating expenses        
Gaming, food, beverage and other 5,766 18,175 48,074 39,536
Land rights and ground lease expense 9,414 8,084 24,338 21,943
General and administrative 13,066 22,510 45,969 51,728
(Gains) losses from dispositions (14,815) 4 (14,722) (3)
Depreciation 60,182 58,080 177,033 172,033
Total operating expenses 73,613 106,853 280,692 285,237
Income from operations 225,099 200,701 637,324 567,767
Other income (expenses)        
Interest expense (70,432) (70,179) (211,258) (211,657)
Interest income 6 22 184 491
Losses on debt extinguishment 0 (779) 0 (18,113)
Total other expenses (70,426) (70,936) (211,074) (229,279)
Income before income taxes 154,673 129,765 426,250 338,488
Income tax provision 5,614 2,639 11,791 2,118
Net income $ 149,059 $ 127,126 $ 414,459 $ 336,370
Earnings per common share (in dollars per share)        
Basic earnings per common share (in dollars per share) $ 0.63 $ 0.58 $ 1.77 $ 1.55
Diluted earnings per common share (in dollars per share) $ 0.63 $ 0.58 $ 1.77 $ 1.55