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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental income $ 133,527 $ 113,080 $ 101,849
Interest income from mortgage loans 27,321 22,119 16,553
Interest and other income 735 1,004 559
Total revenues 161,583 136,203 118,961
Expenses:      
Interest expense 26,442 17,497 13,128
Depreciation and amortization 35,932 29,431 25,529
Impairment on real estate 766 2,250  
Provision for doubtful accounts 457 619 32
Transaction costs 179 744 195
General and administrative expenses 17,412 14,986 11,637
Total expenses 81,188 65,527 50,521
Operating income 80,395 70,676 68,440
Income from unconsolidated joint ventures 1,138 1,819  
Gain on sale of real estate, net 3,582 586 4,959
Net income 85,115 73,081 73,399
Income allocated to participating securities (385) (484) (481)
Income allocated to preferred stockholders   (2,454) (3,273)
Net income available to common stockholders $ 84,730 $ 70,143 $ 69,645
Earnings per common share:      
Basic (in dollars per share) $ 2.21 $ 1.97 $ 2.01
Diluted (in dollars per share) $ 2.21 $ 1.94 $ 1.99
Weighted average shares used to calculate earnings per common share      
Basic (in shares) 38,388 35,590 34,617
Diluted (in shares) 38,597 37,329 36,640