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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental income $ 34,505 $ 35,035
Interest income from mortgage loans 6,816 6,748
Interest and other income 489 839
Total revenues 41,810 42,622
Expenses:    
Interest expense 7,829 7,471
Depreciation and amortization 9,444 9,359
Provision (recovery) for doubtful accounts 8 (38)
Transaction costs 4 22
General and administrative expenses 4,797 4,740
Total expenses 22,082 21,554
Operating income 19,728 21,068
Income from unconsolidated joint ventures 631 445
Net income 20,359 21,513
Income allocated to participating securities (88) (97)
Net income available to common stockholders $ 20,271 $ 21,416
Earnings per common share:    
Basic (in dollars per share) $ 0.51 $ 0.54
Diluted (in dollars per share) $ 0.51 $ 0.54
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 39,451 39,366
Diluted (in shares) 39,454 39,612
Dividends per share declared (in dollars per share) $ 0.57 $ 0.57
Dividends paid per common share (in dollars per share) $ 0.57 $ 0.57
Comprehensive Income:    
Net income $ 20,359 $ 21,513
Comprehensive income $ 20,359 $ 21,513