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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental income $ 249,227 $ 217,700 $ 271,049
Resident fees and services 48,809 35,796 0
Interest income and other 21,799 24,698 27,666
Revenues 319,835 278,194 298,715
Expenses:      
Depreciation 69,973 70,880 80,798
Interest 58,160 44,917 50,810
Senior housing operating expenses 39,587 28,193 0
Legal 507 2,555 908
Franchise, excise and other taxes 449 844 788
General and administrative 19,314 22,768 18,431
Taxes and insurance on leased properties 11,513 9,788 11,638
Loan and realty losses, net 1,376 61,911 52,766
Total operating expenses 200,879 241,856 216,139
Gain (loss) on operations transfer, net 20 (710) 0
Gain on note receivable payoff 0 1,113 0
Loss on early retirement of debt (73) (151) (1,912)
Gains (losses) from equity method investment 555 569 (1,545)
Gains on sales of real estate, net 14,721 28,342 32,498
Other income 202 0 350
Net income (loss) 134,381 65,501 111,967
Add: net loss (income) attributable to noncontrolling interests 1,273 902 (163)
Net income attributable to stockholders 135,654 66,403 111,804
Less: net income attributable to unvested restricted stock awards (57) 0 0
Net income attributable to common stockholders $ 135,597 $ 66,403 $ 111,804
Weighted average common shares outstanding:      
Basic (in shares) 43,388,794 44,774,708 45,714,221
Diluted (in shares) 43,389,466 44,794,236 45,729,497
Earnings per common share - basic (in usd per share) $ 3.13 $ 1.48 $ 2.45
Earnings per common share - diluted (in usd per share) $ 3.13 $ 1.48 $ 2.44