XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental income $ 62,255 $ 59,394 $ 188,505 $ 163,935
Resident fees and services 12,367 12,013 35,860 24,005
Interest income and other 5,484 4,891 16,005 19,584
Total revenues 80,106 76,298 240,370 207,524
Expenses:        
Depreciation 17,515 17,533 52,862 53,577
Interest 15,086 11,412 43,308 32,472
Senior housing operating expenses 10,045 9,239 29,525 18,352
Legal 67 88 364 2,254
Franchise, excise and other taxes 2 225 443 694
General and administrative 4,430 4,744 14,390 17,893
Taxes and insurance on leased properties 2,908 2,358 8,738 7,553
Loan and realty losses 1,959 11,329 1,727 39,951
Total operating expenses 52,012 56,928 151,357 172,746
Gains on sales of real estate, net 737 14,840 13,500 28,342
Gain (loss) on operations transfer, net 0 19 20 (710)
Gain on note receivable payoff 0 0 0 1,113
Loss on early retirement of debt 0 0 (73) (151)
Gains from equity method investment 0 0 0 569
Other non-operating income 202 0 202 0
Net income 29,033 34,229 102,662 63,941
Add: net loss attributable to noncontrolling interests 313 239 946 599
Net income attributable to stockholders 29,346 34,468 103,608 64,540
Less: net income attributable to unvested restricted stock awards (19) 0 (38) 0
Net income attributable to common stockholders - basic $ 29,327 $ 34,468 $ 103,570 $ 64,540
Weighted average common shares outstanding:        
Basic (in shares) 43,388,841 44,339,975 43,388,779 45,236,696
Diluted (in shares) 43,388,841 44,402,582 43,389,675 45,261,123
Basic:        
Net income attributable to common stockholders - basic (in US dollars per share) $ 0.68 $ 0.78 $ 2.39 $ 1.43
Diluted:        
Net income attributable to common stockholders - diluted (in US dollars per share) $ 0.68 $ 0.78 $ 2.39 $ 1.43