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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental income $ 68,204 $ 59,272 $ 197,077 $ 171,374
Interest income from mortgage and other notes 3,045 3,669 10,125 10,136
Investment income and other 103 310 374 1,963
Revenues 71,352 63,251 207,576 183,473
Expenses:        
Depreciation 17,023 15,240 50,006 43,668
Interest, including amortization of debt discount and issuance costs 12,241 10,816 35,730 31,745
Legal 215 156 417 406
Franchise, excise and other taxes 268 271 802 826
General and administrative 2,513 2,169 9,143 7,218
Loan and realty losses (recoveries) 0 1,131 0 15,856
Total operating expenses 32,260 29,783 96,098 99,719
Income before equity-method investee, TRS tax benefit, investment and other gains and noncontrolling interest 39,092 33,468 111,478 83,754
Loss from equity-method investee 0 (754) 0 (1,214)
Income tax benefit attributable to taxable REIT subsidiary 0 (933) 0 (749)
Investment and other gains 0 1,657 10,088 29,737
Net income 39,092 33,438 121,566 111,528
Less: net income attributable to noncontrolling interest 0 (406) 0 (1,176)
Net income attributable to common stockholders $ 39,092 $ 33,032 $ 121,566 $ 110,352
Weighted average common shares outstanding:        
Basic 41,108,699 39,283,919 40,681,582 38,735,262
Diluted 41,448,263 39,651,900 40,937,337 38,876,025
Basic:        
Net income per common share attributable to common stockholders $ 0.95 $ 0.84 $ 2.99 $ 2.85
Diluted:        
Net income per common share attributable to common stockholders $ 0.94 $ 0.83 $ 2.97 $ 2.84