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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUE:        
Rental income $ 34,333 $ 22,758 $ 103,271 $ 62,469
Tenant reimbursement income 1,351 1,039 4,194 2,980
Other income 2,680 1,695 7,892 4,418
Total revenue 38,364 25,492 115,357 69,867
EXPENSES:        
Property operating expenses 17,326 11,945 51,298 32,557
General and administrative expenses 485 329 1,750 1,171
Stock compensation expense 247 217 832 297
Asset management fees 1,933 1,259 5,492 3,731
Acquisition and integration expenses 19 12,830 37 13,031
Depreciation and amortization expense 7,765 4,704 26,927 16,462
Total expenses 27,775 31,284 86,336 67,249
Operating income 10,589 (5,792) 29,021 2,618
Interest expense (8,820) (5,094) (27,815) (13,393)
Other income (expense) (2) 18 (2) 19
Net gains (losses) on sale of assets (1)   31,773  
Gains (losses) on extinguishment of debt     (558)  
TSRE financing extinguishment and employee separation expenses   (27,508)   (27,508)
Gains (losses) on TSRE merger and property acquisitions 641 64,012 732 64,012
Net income (loss): 2,407 25,636 33,151 25,748
(Income) loss allocated to noncontrolling interest (140) (1,621) (1,972) (1,629)
Net income (loss) allocable to common shares $ 2,267 $ 24,015 $ 31,179 $ 24,119
Earnings (loss) per share:        
Basic $ 0.05 $ 0.71 $ 0.66 $ 0.74
Diluted $ 0.05 $ 0.71 $ 0.66 $ 0.74
Weighted-average shares:        
Basic 47,215,918 33,962,015 47,164,543 32,516,470
Diluted 47,314,629 33,962,015 47,190,139 32,520,684