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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental income $ 41,669 $ 27,873 $ 123,335 $ 76,045
Interest income from mortgage and other notes 1,754 1,936 5,258 5,877
Investment income and other 1,055 1,040 3,182 3,154
Revenues 44,478 30,849 131,775 85,076
Expenses:        
Depreciation 9,596 5,565 28,373 14,204
Interest, including amortization of debt discount and issuance costs 7,005 3,290 20,720 6,011
Legal 66 55 149 621
Franchise, excise and other taxes 78 80 790 316
General and administrative 2,164 1,757 6,948 7,171
Loan and realty losses 0 (2,061) 0 1,976
Total operating expenses 18,909 8,686 56,980 30,299
Income before equity-method investee, discontinued operations and noncontrolling interest 25,569 22,163 74,795 54,777
Income from equity-method investee (53) 178 157 269
Income from continuing operations 25,516 22,341 74,952 55,046
Discontinued operations        
Income from operations - discontinued 0 1,339 0 4,656
Gain on sale of real estate 0 19,370 0 19,370
Income from discontinued operations 0 20,709 0 24,026
Net income 25,516 43,050 74,952 79,072
Less: net income attributable to noncontrolling interest (266) (306) (872) (664)
Net income attributable to common stockholders $ 25,250 $ 42,744 $ 74,080 $ 78,408
Weighted average common shares outstanding:        
Basic 33,055,992 27,876,176 33,053,386 27,872,805
Diluted 33,088,570 27,905,545 33,087,029 27,906,914
Basic:        
Income from continuing operations attributable to common stockholders $ 0.76 $ 0.79 $ 2.24 $ 1.95
Discontinued operations $ 0.00 $ 0.74 $ 0.00 $ 0.86
Net income per common share attributable to common stockholders $ 0.76 $ 1.53 $ 2.24 $ 2.81
Diluted:        
Income from continuing operations attributable to common stockholders $ 0.76 $ 0.79 $ 2.24 $ 1.95
Discontinued operations $ 0.00 $ 0.74 $ 0.00 $ 0.86
Net income per common share attributable to common stockholders $ 0.76 $ 1.53 $ 2.24 $ 2.81