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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenues from rental properties $ 48,720 $ 43,658 $ 95,935 $ 86,025
Interest on notes and mortgages receivable 1,217 1,040 2,972 1,693
Total revenues 49,937 44,698 98,907 87,718
Operating expenses:        
Property costs 3,983 4,811 7,686 9,511
Impairments 512 2,462 1,792 2,984
Environmental (150) 343 (167) 664
General and administrative 6,168 5,912 12,824 12,197
Depreciation and amortization 13,372 10,864 26,024 21,292
Total operating expenses 23,885 24,392 48,159 46,648
Gain on dispositions of real estate 141 316 1,185 903
Operating income 26,193 20,622 51,933 41,973
Other income, net 180 6 298 294
Interest expense (9,662) (7,104) (18,797) (14,618)
Loss on extinguishment of debt       (43)
Net earnings $ 16,711 $ 13,524 $ 33,434 $ 27,606
Basic earnings per common share:        
Net earnings $ 0.30 $ 0.26 $ 0.59 $ 0.55
Diluted earnings per common share:        
Net earnings $ 0.30 $ 0.26 $ 0.59 $ 0.55
Weighted average common shares outstanding:        
Basic 53,979 49,615 53,970 48,309
Diluted 54,011 49,989 53,987 48,576
Other comprehensive income:        
Unrealized gain on cash flow hedges $ 734   $ 3,282  
Cash flow hedge income reclassified to interest expense (212)   (312)  
Total other comprehensive income 522   2,970  
Comprehensive income $ 17,233 $ 13,524 $ 36,404 $ 27,606