SELECTED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2018

Selected Quarterly Financial Information [Abstract]

SELECTED QUARTERLY FINANCIAL DATA

SELECTED QUARTERLY FINANCIAL DATA

(In thousands, except per share amounts)	January 1, 2018 - March 31, 2018		April 1, 2018 - June 30, 2018		July 1, 2018 - September 30, 2018		October 1, 2018 - December 31, 2018
Revenues:
Rental	$	29,589	$	29,596	$	31,324	$	33,156
Restaurant	5,214		5,079		4,798		4,879
Total revenues	34,803		34,675		36,122		38,035
Operating expenses:
General and administrative	3,653		3,188		3,208		3,590
Depreciation and amortization	5,345		5,225		5,743		7,571
Restaurant expense	4,870		4,786		4,713		4,645
Interest expense	4,855		4,877		4,934		5,293
Total expenses	18,723		18,076		18,598		21,099
Other income	342		215		147		77
Realized gain on sale, net	—		10,879		—		4,392
Income Before Income Taxes	$	16,422	$	27,693	$	17,671	$	21,405
Earnings per share:
Basic	$	0.27	$	0.44	$	0.27	$	0.31
Diluted	0.26		0.44		0.27		0.31
Distributions declared per share	$	0.2750	$	0.2750	$	0.2750	$	0.2875

(In thousands, except per share amounts)	January 1, 2017 - March 31, 2017		April 1, 2017 - June 30, 2017		July 1, 2017 - September 30, 2017		October 1, 2017 - December 31, 2017
Revenues:
Rental	$	27,764	$	28,327	$	28,835	$	29,011
Restaurant	4,943		4,826		4,676		4,827
Total revenues	32,707		33,153		33,511		33,838
Operating expenses:
General and administrative	2,863		3,459		2,899		3,044
Depreciation and amortization	5,409		5,426		5,425		5,557
Restaurant expense	4,668		4,583		4,571		4,829
Interest expense	4,094		4,508		5,463		5,403
Total expenses	17,034		17,976		18,358		18,833
Other income	5		34		172		113
Realized gain on sale, net	—		3,291		4,042		3,198
Income Before Income Taxes	$	15,678	$	18,502	$	19,367	$	18,316
Earnings per share (1):
Basic	$	0.26	$	0.30	$	0.31	$	0.30
Diluted	0.26		0.30		0.31		0.30
Distributions declared per share	$	0.2425	$	0.2425	$	0.2425	$	0.2750

(In thousands, except per share amounts)	January 1, 2016 - March 31, 2016		April 1, 2016 - June 30, 2016		July 1, 2016 - September 30, 2016		October 1, 2016 - December 31, 2016
Revenues:
Rental	$	26,192	$	26,192	$	26,363	$	26,877
Restaurant	4,859		4,701		4,443		4,391
Total revenues	31,051		30,893		30,806		31,268
Operating expenses:
General and administrative	3,317		2,508		2,608		2,545
Depreciation and amortization	5,187		5,101		5,059		5,230
Restaurant expense	4,698		4,593		4,308		4,254
Interest expense	4,182		3,858		3,549		3,239
Total expenses	17,384		16,060		15,524		15,268
Other income	60		18		10		9
Realized gain on sale, net	—		—		—		16,623
Income Before Income Taxes	$	13,727	$	14,851	$	15,292	$	32,632
Earnings per share:
Basic	$	1.95	$	0.25	$	0.25	$	0.54
Diluted	1.61		0.25		0.25		0.54
Distributions declared per share	$	0.2425	$	0.2425	$	0.2425	$	0.2425