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Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental income $ 60,952 $ 39,982 $ 126,250 $ 104,541
Resident fees and services 11,793 11,992 23,493 11,992
Interest income and other 5,131 7,925 10,521 14,694
Total revenues 77,876 59,899 160,264 131,227
Expenses:        
Depreciation 17,730 17,772 35,347 36,044
Interest 14,194 10,862 28,221 21,060
Senior housing operating expenses 9,682 9,113 19,481 9,113
Legal 174 339 297 2,166
Franchise, excise and other taxes 258 225 441 469
General and administrative 4,306 5,049 9,959 13,150
Taxes and insurance on leased properties 3,212 2,157 5,830 5,195
Loan and realty losses (gains) 186 4,094 (232) 28,622
Total operating expenses 49,742 49,611 99,344 115,819
Gains on sales of real estate, net 11,366 10,521 12,763 13,502
Gain (loss) on operations transfer, net 20 (729) 20 (729)
Gain on note receivable payoff 0 1,113 0 1,113
Loss on early retirement of debt (73) 0 (73) (151)
Gains from equity method investment 0 273 0 569
Net income 39,447 21,466 73,630 29,712
Add: net loss attributable to noncontrolling interests 332 207 633 361
Net income attributable to stockholders 39,779 21,673 74,263 30,073
Less: net income attributable to unvested restricted stock awards (19) 0 (19) 0
Net income attributable to common stockholders - basic $ 39,760 $ 21,673 $ 74,244 $ 30,073
Weighted average common shares outstanding:        
Basic (in shares) 43,388,753 45,708,238 43,388,748 45,779,433
Diluted (in shares) 43,388,753 45,718,538 43,390,092 45,784,771
Basic:        
Net income attributable to common stockholders - basic (in US dollars per share) $ 0.92 $ 0.47 $ 1.71 $ 0.66
Diluted:        
Net income attributable to common stockholders - diluted (in US dollars per share) $ 0.92 $ 0.47 $ 1.71 $ 0.66