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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Revenues: |  |
Rental income | $ 31,880 | $ 26,678
Interest income from mortgage loans | 6,578 | 4,607
Interest and other income | 146 | 195
Total revenues | 38,604 | 31,480
Expenses: |  |
Interest expense | 6,000 | 3,766
Depreciation and amortization | 8,561 | 6,779
General and administrative expenses | 4,457 | 3,499
Total expenses | 19,018 | 14,044
Operating income | 19,586 | 17,436
Income from unconsolidated joint ventures | (272) | (116)
Net income | 19,858 | 17,552
Income allocated to participating securities | (101) | (123)
Income allocated to preferred stockholders |  | (818)
Net income available to common stockholders | $ 19,757 | $ 16,611
Earnings per common share |  |
Basic (in dollars per share) | $ 0.53 | $ 0.47
Diluted (in dollars per share) | $ 0.53 | $ 0.47
Weighted average shares used to calculate earnings per common share |  |
Basic (in shares) | 37,446 | 35,277
Diluted (in shares) | 37,459 | 37,292
Dividends declared and paid per common share (in dollars per share) | $ 0.54 | $ 0.51

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