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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