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Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental income $ 65,760 $ 60,952 $ 127,947 $ 126,250
Resident fees and services 13,390 11,793 26,645 23,493
Interest income and other 5,820 5,131 11,890 10,521
Total revenues 84,970 77,876 166,482 160,264
Expenses:        
Depreciation 17,490 17,730 34,995 35,347
Interest 14,854 14,194 29,723 28,221
Senior housing operating expenses 10,437 9,682 20,751 19,481
Legal 165 174 400 297
Franchise, excise and other taxes 47 258 (139) 441
General and administrative 4,870 4,306 10,510 9,959
Taxes and insurance on leased properties 2,802 3,212 5,535 5,830
Loan and realty losses (gains) 1,106 186 1,116 (232)
Total operating expenses 51,771 49,742 102,891 99,344
Gains on sales of real estate, net 1,517 11,366 1,617 12,763
Gain on operations transfer, net 0 20 0 20
Loss on early retirement of debt 0 (73) 0 (73)
Gains from equity method investment 236 0 402 0
Net income 34,952 39,447 65,610 73,630
Add: net loss attributable to noncontrolling interests 304 332 593 633
Net income attributable to stockholders 35,256 39,779 66,203 74,263
Less: net income attributable to unvested restricted stock awards (29) (19) (61) (19)
Net income attributable to common stockholders - basic $ 35,227 $ 39,760 $ 66,142 $ 74,244
Weighted average common shares outstanding:        
Basic (in shares) 43,397,080 43,388,753 43,392,961 43,388,748
Diluted (in shares) 43,563,654 43,388,753 43,494,103 43,390,092
Earnings per common share - basic (in dollars per share) $ 0.81 $ 0.92 $ 1.52 $ 1.71
Earnings per common share - diluted (in dollars per share) $ 0.81 $ 0.92 $ 1.52 $ 1.71