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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUE:        
Rental income $ 22,758 $ 11,872 $ 62,469 $ 29,838
Tenant reimbursement income 1,039 505 2,980 1,307
Other income 1,695 672 4,418 1,677
Total revenue 25,492 13,049 69,867 32,822
EXPENSES:        
Property operating expenses 11,945 6,144 32,557 15,706
General and administrative expenses 546 248 1,468 794
Asset management fees 1,259 445 3,731 1,092
Acquisition expenses 12,830 687 13,031 1,201
Depreciation and amortization expense 4,704 3,309 16,462 8,664
Total expenses 31,284 10,833 67,249 27,457
Operating income (5,792) 2,216 2,618 5,365
Interest expense (5,094) (2,281) (13,393) (5,510)
Interest income 18 7 19 12
TSRE financing extinguishment and employee separation expenses (27,508)   (27,508)  
Gains (losses) on TSRE merger and property acquisitions 64,012   64,012 2,882
Net income (loss): 25,636 (58) 25,748 2,749
(Income) loss allocated to noncontrolling interest (1,621) 2 (1,629) 2
Net income (loss) allocable to common shares $ 24,015 $ (56) $ 24,119 $ 2,751
Earnings (loss) per share:        
Basic $ 0.71 $ 0.00 $ 0.74 $ 0.14
Diluted $ 0.71 $ 0.00 $ 0.74 $ 0.14
Weighted-average shares:        
Basic 33,962,015 24,011,540 32,516,470 19,004,591
Diluted 33,962,015 24,011,540 32,520,684 19,040,301