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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per 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 $ 25,098 $ 24,645 $ 75,375 $ 72,907
Interest income from mortgage loans 4,213 1,086 12,445 3,195
Interest and other income 230 94 386 279
Total revenues 29,541 25,825 88,206 76,381
Expenses:        
Interest expense 3,170 2,581 9,445 8,512
Depreciation and amortization 6,335 6,139 18,935 18,152
General and administrative expenses 2,914 2,676 8,567 8,962
Total expenses 12,419 11,396 36,947 35,626
Operating income 17,122 14,429 51,259 40,755
Gain on sale of real estate, net     1,140  
Income from continuing operations 17,122 14,429 52,399 40,755
Discontinued operations:        
Income from discontinued operations   238   805
Gain on sale of real estate, net   2,619   1,605
Net income from discontinued operations   2,857   2,410
Net income 17,122 17,286 52,399 43,165
Income allocated to participating securities (123) (95) (343) (284)
Income allocated to preferred stockholders (818) (818) (2,454) (2,454)
Net income available to common stockholders $ 16,181 $ 16,373 $ 49,602 $ 40,427
Basic earnings per common share        
Continuing operations (in dollars per share) $ 0.47 $ 0.39 $ 1.43 $ 1.17
Discontinued operations (in dollars per share) $ 0.00 $ 0.08 $ 0.00 $ 0.07
Net income available to common stockholders $ 0.47 $ 0.47 $ 1.43 $ 1.24
Diluted earnings per common share        
Continuing operations (in dollars per share) $ 0.46 $ 0.39 $ 1.42 $ 1.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.08 $ 0.00 $ 0.07
Net income available to common stockholders $ 0.46 $ 0.47 $ 1.42 $ 1.24
Weighted average shares used to calculate earnings per common share        
Basic (in shares) 34,605 34,553 34,596 32,625
Diluted (in shares) 36,629 36,580 36,620 34,657
Dividends declared and paid per common share (in dollars per share) $ 0.510 $ 0.465 $ 1.530 $ 1.395