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v3.8.0.1

Consolidated Statements Of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenues: |  |  |  |
Rental income | $ 68,204 | $ 59,272 | $ 197,077 | $ 171,374
Interest income from mortgage and other notes | 3,045 | 3,669 | 10,125 | 10,136
Investment income and other | 103 | 310 | 374 | 1,963
Revenues | 71,352 | 63,251 | 207,576 | 183,473
Expenses: |  |  |  |
Depreciation | 17,023 | 15,240 | 50,006 | 43,668
Interest, including amortization of debt discount and issuance costs | 12,241 | 10,816 | 35,730 | 31,745
Legal | 215 | 156 | 417 | 406
Franchise, excise and other taxes | 268 | 271 | 802 | 826
General and administrative | 2,513 | 2,169 | 9,143 | 7,218
Loan and realty losses (recoveries) | 0 | 1,131 | 0 | 15,856
Total operating expenses | 32,260 | 29,783 | 96,098 | 99,719
Income before equity-method investee, TRS tax benefit, investment and other gains and noncontrolling interest | 39,092 | 33,468 | 111,478 | 83,754
Loss from equity-method investee | 0 | (754) | 0 | (1,214)
Income tax benefit attributable to taxable REIT subsidiary | 0 | (933) | 0 | (749)
Investment and other gains | 0 | 1,657 | 10,088 | 29,737
Net income | 39,092 | 33,438 | 121,566 | 111,528
Less: net income attributable to noncontrolling interest | 0 | (406) | 0 | (1,176)
Net income attributable to common stockholders | $ 39,092 | $ 33,032 | $ 121,566 | $ 110,352
Weighted average common shares outstanding: |  |  |  |
Basic | 41,108,699 | 39,283,919 | 40,681,582 | 38,735,262
Diluted | 41,448,263 | 39,651,900 | 40,937,337 | 38,876,025
Basic: |  |  |  |
Net income per common share attributable to common stockholders | $ 0.95 | $ 0.84 | $ 2.99 | $ 2.85
Diluted: |  |  |  |
Net income per common share attributable to common stockholders | $ 0.94 | $ 0.83 | $ 2.97 | $ 2.84

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