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v3.5.0.2

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
REVENUE: |  |  |  |
Rental income | $ 34,185 | $ 20,268 | $ 68,938 | $ 39,711
Tenant reimbursement income | 1,405 | 991 | 2,843 | 1,941
Other income | 2,737 | 1,459 | 5,212 | 2,723
Total revenue | 38,327 | 22,718 | 76,993 | 44,375
EXPENSES: |  |  |  |
Property operating expenses | 16,852 | 10,517 | 33,972 | 20,612
General and administrative expenses | 544 | 413 | 1,265 | 842
Stock compensation expense | 380 | 10 | 585 | 80
Asset management fees | 1,863 | 1,260 | 3,559 | 2,472
Acquisition and integration expenses | 8 | 168 | 18 | 201
Depreciation and amortization expense | 7,635 | 5,720 | 19,162 | 11,758
Total expenses | 27,282 | 18,088 | 58,561 | 35,965
Operating income | 11,045 | 4,630 | 18,432 | 8,410
Interest expense | (9,018) | (4,277) | (18,995) | (8,299)
Interest income |  |  |  | 1
Net gains (losses) on sale of assets | 29,321 |  | 31,774 |
Gains (losses) on extinguishment of debt | (558) |  | (558) |
Gains (losses) on TSRE merger and property acquisitions |  |  | 91 |
Net income (loss): | 30,790 | 353 | 30,744 | 112
(Income) loss allocated to noncontrolling interest | (1,803) | (16) | (1,832) | (8)
Net income (loss) allocable to common shares | $ 28,987 | $ 337 | $ 28,912 | $ 104
Earnings (loss) per share: |  |  |  |
Basic | $ 0.61 | $ 0.01 | $ 0.61 |
Diluted | $ 0.61 | $ 0.01 | $ 0.61 |
Weighted-average shares: |  |  |  |
Basic | 47,183,804 | 31,794,822 | 47,138,573 | 31,781,718
Diluted | 47,229,736 | 33,066,770 | 47,159,220 | 33,060,578

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- Definition The aggregate rental revenue from real estate operations during the reporting period, not including tenant reimbursements or other miscellaneous income that is separately disclosed. + References No definition available. + Details
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