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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental income $ 217,700 $ 271,049 $ 307,208
Resident fees and services 35,796 0 0
Interest income and other 24,698 27,666 25,603
Revenues 278,194 298,715 332,811
Expenses:      
Depreciation 70,880 80,798 83,150
Interest 44,917 50,810 52,882
Senior housing operating expenses 28,193 0 0
Legal 2,555 908 1,252
Franchise, excise and other taxes 844 788 534
General and administrative 22,768 18,431 13,304
Taxes and insurance on leased properties 9,788 11,638 9,653
Loan and realty losses 61,911 52,766 991
Total operating expenses 241,856 216,139 161,766
Loss on operations transfer, net (710) 0 0
Gain on note receivable payoff 1,113 0 0
Loss on early retirement of debt (151) (1,912) (3,924)
Gains (losses) from equity method investment 569 (1,545) (3,126)
Gains on sales of real estate, net 28,342 32,498 21,316
Other income 0 350 0
Net income 65,501 111,967 185,311
Less: net loss (income) attributable to noncontrolling interests 902 (163) (185)
Net income attributable to common stockholders $ 66,403 $ 111,804 $ 185,126
Weighted average common shares outstanding:      
Basic (in shares) 44,774,708 45,714,221 44,696,285
Diluted (in shares) 44,794,236 45,729,497 44,698,004
Earnings per common share:      
Net income attributable to common stockholders - basic (in usd per share) $ 1.48 $ 2.45 $ 4.14
Net income attributable to common stockholders - diluted (in usd per share) $ 1.48 $ 2.44 $ 4.14