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Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental income $ 39,982 $ 68,351 $ 104,541 $ 143,101
Resident fees and services 11,992 0 11,992 0
Interest income and other 7,925 5,979 14,694 12,114
Total revenues 59,899 74,330 131,227 155,215
Expenses:        
Depreciation 17,772 20,658 36,044 41,464
Interest 10,862 12,840 21,060 25,813
Senior housing operating expenses 9,113 0 9,113 0
Legal 339 (40) 2,166 90
Franchise, excise and other taxes 225 232 469 465
General and administrative 5,049 3,588 13,150 11,577
Taxes and insurance on leased properties 2,157 2,175 5,195 4,337
Loan and realty losses 4,094 1,221 28,622 1,171
Total operating expenses 49,611 40,674 115,819 84,917
Gains on sales of real estate, net 10,521 6,484 13,502 6,484
Loss on operations transfer, net (729) 0 (729) 0
Gain on note payoff 1,113 0 1,113 0
Loss on early retirement of debt 0 0 (151) (451)
Gains (losses) from equity method investment 273 (909) 569 (1,718)
Net income 21,466 39,231 29,712 74,613
Less: net loss (income) attributable to noncontrolling interests 207 (48) 361 (100)
Net income attributable to common stockholders $ 21,673 $ 39,183 $ 30,073 $ 74,513
Weighted average common shares outstanding:        
Basic (in shares) 45,708,238 45,850,599 45,779,433 45,577,843
Diluted (in shares) 45,718,538 45,858,074 45,784,771 45,607,924
Basic:        
Net income attributable to common stockholders - basic (in US dollars per share) $ 0.47 $ 0.85 $ 0.66 $ 1.63
Diluted:        
Net income attributable to common stockholders - diluted (in US dollars per share) $ 0.47 $ 0.85 $ 0.66 $ 1.63