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Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental income $ 63,318 $ 62,255 $ 191,265 $ 188,505
Resident fees and services 13,771 12,367 40,416 35,860
Interest income and other 5,855 5,484 17,745 16,005
Total revenues 82,944 80,106 249,426 240,370
Expenses:        
Depreciation 17,768 17,515 52,763 52,862
Interest 14,939 15,086 44,663 43,308
Senior housing operating expenses 10,744 10,045 31,494 29,525
Legal 240 67 641 364
Franchise, excise and other taxes 83 2 (56) 443
General and administrative 4,810 4,430 15,318 14,390
Taxes and insurance on leased properties 2,786 2,908 8,321 8,738
Loan and realty losses 3,434 1,959 4,550 1,727
Total operating expenses 54,804 52,012 157,694 151,357
Gains on sales of real estate, net 102 737 1,718 13,500
Gain on operations transfer, net 0 0 0 20
Loss on early retirement of debt 0 0 0 (73)
Gains from equity method investment 0 0 402 0
Other non-operating income 0 202 0 202
Net income 28,242 29,033 93,852 102,662
Add: net loss attributable to noncontrolling interests 298 313 891 946
Net income attributable to stockholders 28,540 29,346 94,743 103,608
Less: net income attributable to unvested restricted stock awards (29) (19) (90) (38)
Net income attributable to common stockholders - basic and diluted $ 28,511 $ 29,327 $ 94,653 $ 103,570
Weighted average common shares outstanding:        
Basic (in shares) 43,476,067 43,388,841 43,420,663 43,388,779
Diluted (in shares) 43,987,072 43,388,841 43,658,425 43,389,675
Earnings per common share - basic (in dollars per share) $ 0.66 $ 0.68 $ 2.18 $ 2.39
Earnings per common share - diluted (in dollars per share) $ 0.65 $ 0.68 $ 2.17 $ 2.39