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Income Statement

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All references to earnings per share are diluted earnings per share.
 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/2016 12/31/2017 12/31/2017 12/31/2017 
(in thousands)    
Rental income 101,849113,080133,527137,657
Interest income from mortgage loans 16,55322,11927,32126,769
Interest and other income 5591,0047353,639
Total revenues 118,961136,203161,583168,065
Interest expense 13,12817,49726,44229,949
Depreciation and amortization 25,52929,43135,93237,610
Impairment charges 02,2507661,880
(Recovery) provision for doubtful accounts 32619457(206)
Transaction costs 19574417956
General and administrative expenses 11,63714,98617,41217,513
Total expenses 50,52165,52781,18886,802
Operating income 68,44070,67680,39581,263
Income from unconsolidated joint ventures 01,8191,1382,263
Gain on sale of real estate, net 4,9595863,5823,814
Net income 73,39973,08185,11587,340
Income allocated to participating securities (481)(484)(385)(362)
Income allocated to preferred stockholders (3,273)(2,454)00
Net income available to common stockholders 69,64570,14384,73086,978
Earnings per common share 
Basic 2.011.972.212.21
Diluted 1.991.942.212.2
Weighted average shares used to calculate earnings per common share 
Basic 34,61735,59038,38839,409
Diluted 36,64037,32938,59739,637
Net income 73,39973,08185,11587,340
Reclassification adjustment (35)(35)(47)0
Comprehensive income 73,36473,04685,06887,340

Data shown on this page is extracted directly from the company's documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company's presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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