XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE:    
Rental income $ 34,753 $ 19,443
Tenant reimbursement income 1,438 950
Other income 2,475 1,264
Total revenue 38,666 21,657
EXPENSES:    
Property operating expenses 17,120 10,095
General and administrative expenses 926 499
Asset management fees 1,696 1,212
Acquisition and integration expenses 10 33
Depreciation and amortization expense 11,527 6,038
Total expenses 31,279 17,877
Operating income 7,387 3,780
Interest expense (9,977) (4,022)
Interest income   1
Net gains (losses) on sale of assets 2,453  
Gains (losses) on TSRE merger and property acquisitions 91  
Net income (loss): (46) (241)
(Income) loss allocated to noncontrolling interest (29) 8
Net income (loss) allocable to common shares $ (75) $ (233)
Earnings (loss) per share:    
Basic   $ (0.01)
Diluted   $ (0.01)
Weighted-average shares:    
Basic 47,093,343 31,768,468
Diluted 47,093,343 31,768,468