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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rents from single-family properties $ 204,648 $ 193,491 $ 405,755 $ 361,486
Fees from single-family properties 2,690 2,724 5,294 4,921
Tenant charge-backs 27,382 20,253 55,755 41,269
Other 2,288 3,846 3,958 7,597
Total revenues 237,008 220,314 470,762 415,273
Expenses:        
Property operating expenses 85,954 77,887 169,259 146,499
Property management expenses 17,442 18,096 34,920 34,842
General and administrative expense 8,926 7,931 18,221 16,501
Interest expense 28,392 35,481 60,281 66,458
Acquisition fees and costs expensed 1,412 3,489 2,508 9,142
Depreciation and amortization 72,716 79,604 146,669 149,121
Other 1,359 2,087 2,917 3,340
Total expenses 216,201 224,575 434,775 425,903
Gain on sale of single-family properties and other, net 2,454 658 4,480 892
Loss on early extinguishment of debt (6,555) 0 (6,555) 0
Gain on conversion of Series E units 0 0 0 11,463
Remeasurement of participating preferred shares (1,640) (150) (7,050) (450)
Net income (loss) 15,066 (3,753) 26,862 1,275
Noncontrolling interest (30) (761) (331) 3,075
Dividends on preferred shares 15,282 7,412 28,869 12,981
Net loss attributable to common shareholders $ (186) $ (10,404) $ (1,676) $ (14,781)
Weighted-average shares outstanding—basic and diluted (in shares) 258,900,456 238,481,265 251,685,993 228,819,566
Net loss attributable to common shareholders per share—basic and diluted (in dollars per share) $ 0.00 $ (0.04) $ (0.01) $ (0.06)
Dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.1 $ 0.1