XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental income $ 59,394 $ 67,043 $ 163,935 $ 210,143
Resident fees and services 12,013 0 24,005 0
Interest income and other 4,891 6,790 19,584 18,905
Total revenues 76,298 73,833 207,524 229,048
Expenses:        
Depreciation 17,533 20,035 53,577 61,499
Interest 11,412 12,715 32,472 38,528
Senior housing operating expenses 9,239 0 18,352 0
Legal 88 117 2,254 207
Franchise, excise and other taxes 225 244 694 709
General and administrative 4,744 3,650 17,893 15,229
Taxes and insurance on leased properties 2,358 3,182 7,553 7,519
Loan and realty losses 11,329 22,425 39,951 23,596
Total operating expenses 56,928 62,368 172,746 147,287
Gains on sales of real estate, net 14,840 19,941 28,342 26,426
Gain (loss) on operations transfer, net 19 0 (710) 0
Gain on note payoff 0 0 1,113 0
Loss on early retirement of debt 0 0 (151) (451)
(Losses) gains from equity method investment 0 (557) 569 (2,274)
Net income 34,229 30,849 63,941 105,462
Less: net loss (income) attributable to noncontrolling interests 239 (35) 599 (135)
Net income attributable to common stockholders $ 34,468 $ 30,814 $ 64,540 $ 105,327
Weighted average common shares outstanding:        
Basic (in shares) 44,339,975 45,850,599 45,236,696 45,668,762
Diluted (in shares) 44,402,582 45,851,424 45,261,123 45,689,091
Basic:        
Net income attributable to common stockholders - basic (in US dollars per share) $ 0.78 $ 0.67 $ 1.43 $ 2.31
Diluted:        
Net income attributable to common stockholders - diluted (in US dollars per share) $ 0.78 $ 0.67 $ 1.43 $ 2.31