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Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental income $ 68,866 $ 62,187
Resident fees and services 13,939 13,256
Interest income and other 6,491 6,070
Total revenues 89,296 81,513
Expenses:    
Depreciation 19,157 17,505
Interest 14,337 14,869
Senior housing operating expenses 10,853 10,314
Legal 1,426 236
Franchise, excise and other taxes 269 (187)
General and administrative 6,829 5,642
Proxy contest and related 264 0
Taxes and insurance on leased properties 2,887 2,733
Loan and realty (gains) losses (14) 10
Total operating expenses 56,008 51,122
Gains on sales of real estate, net 114 100
Gains from equity method investment 415 166
Net income 33,817 30,657
Add: net loss attributable to noncontrolling interests 348 290
Net income attributable to stockholders 34,165 30,947
Less: net income attributable to unvested restricted stock awards (52) (32)
Net income attributable to common stockholders $ 34,113 $ 30,915
Weighted average common shares outstanding:    
Basic (in shares) 45,720,496 43,388,841
Diluted (in shares) 45,878,528 43,424,550
Earnings per common share - basic (in dollars per share) $ 0.75 $ 0.71
Earnings per common share - diluted (in dollars per share) $ 0.74 $ 0.71