v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Revenues from rental properties $ 62,265 $ 55,159 $ 178,209 $ 159,589
Interest on notes and mortgages receivable 725 432 1,676 1,589
Total revenues 62,990 55,591 179,885 161,178
Operating expenses:        
Property costs 2,224 2,406 6,255 6,831
Impairments 373 647 4,350 2,271
Environmental 320 (3,356) (6,889) 2,101
General and administrative 8,327 6,441 24,680 20,161
Depreciation and amortization 18,319 15,040 51,352 45,998
Total operating expenses 29,563 21,178 79,748 77,362
Gains on dispositions of real estate 5,433 338 11,883 2,224
Operating income 38,860 34,751 112,020 86,040
Other income, net 189 47 524 194
Interest expense (13,443) (11,450) (37,724) (34,086)
Net earnings $ 25,606 $ 23,348 $ 74,820 $ 52,148
Basic net earnings per common share: $ 0.40 $ 0.40 $ 1.18 $ 0.89
Diluted net earnings per common share: $ 0.40 $ 0.40 $ 1.18 $ 0.89
Weighted average common shares outstanding:        
Basic 62,412 56,693 60,962 55,767
Diluted 62,569 56,757 61,129 55,906
Comprehensive income:        
Net earnings $ 25,606 $ 23,348 $ 74,820 $ 52,148
Unrealized gain (loss) on cash flow hedges   102   (388)
Cash flow hedge expense reclassified to interest expense   146   446
Total other comprehensive income (loss) 0 248 0 58
Comprehensive income $ 25,606 $ 23,596 $ 74,820 $ 52,206