| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental revenues | ||||||
625,415 | 513,302 | 427,943 | 356,081 | 270,780 | 181,972 | 103,398 |
Interest income on loans and financing receivables | ||||||
33,826 | 25,741 | 22,565 | 19,677 | 13,861 | 8,069 | 5,044 |
Other income | ||||||
6,473 | 1,713 | 2,339 | 585 | 121 | 400 | 462 |
Total revenues | ||||||
665,714 | 540,756 | 452,847 | 376,343 | 284,762 | 190,441 | 108,904 |
Expenses: | ||||||
Interest | ||||||
158,381 | 129,061 | 120,478 | 105,180 | 81,782 | 67,959 | 39,180 |
Property costs | ||||||
10,793 | 4,250 | 4,773 | 4,067 | 1,515 | 473 | 127 |
Transaction costs | ||||||
- | - | - | 523 | 1,156 | 2,804 | 2,643 |
General and administrative | ||||||
54,274 | 45,725 | 40,990 | 33,972 | 27,972 | 19,494 | 14,132 |
Selling stockholder costs | ||||||
- | - | - | 800 | - | - | - |
Depreciation and amortization | ||||||
221,975 | 181,826 | 150,279 | 119,618 | 88,615 | 57,025 | 30,349 |
Provisions for impairment | ||||||
18,751 | 7,810 | 13,440 | 1,720 | 1,000 | - | - |
Total expenses | ||||||
464,174 | 368,672 | 329,960 | 265,880 | 202,040 | 147,755 | 86,431 |
Net gain (loss) on dispositions of real estate | ||||||
84,142 | 45,528 | 39,609 | 13,296 | 1,322 | 4,493 | - |
Income from operations before income taxes | ||||||
285,682 | 217,612 | 162,496 | 123,759 | 82,722 | 42,686 | 22,473 |
Income tax expense | ||||||
707 | 642 | 458 | 434 | 274 | 180 | 155 |
Income from continuing operations | ||||||
- | - | - | - | - | 42,506 | 22,318 |
Income from discontinued operations | ||||||
- | - | - | - | - | 1,140 | 3,995 |
Income before gain on dispositions of real estate | ||||||
- | - | - | - | 82,448 | 43,646 | 26,313 |
Net income | ||||||
284,975 | 216,970 | 162,038 | 123,325 | 83,770 | 48,139 | 26,313 |
Net income per share of common stock-basic and diluted | ||||||
Continuing operations (in dollars per share) | ||||||
- | - | - | - | - | 0.59 | 0.44 |
Discontinued operations (in dollars per share) | ||||||
- | - | - | - | - | 0.01 | 0.08 |
Net income per share of common stock-basic and diluted | ||||||
1.24 | 1.06 | 0.90 | 0.82 | 0.68 | 0.61 | 0.52 |
Weighted average common shares outstanding: | ||||||
Basic (in shares) | ||||||
229,734 | 204,322 | 178,586 | 148,878 | 122,180 | 78,454 | 49,893 |
Diluted (in shares) | ||||||
230,289 | 204,933 | 178,656 | 149,124 | 122,207 | 78,454 | 49,893 |