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v3.7.0.1

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
REVENUE: |  |
Rental income | $ 34,737 | $ 34,753
Tenant reimbursement income | 1,461 | 1,438
Other property income | 2,697 | 2,475
Property management and other income | 247 |
Total revenue | 39,142 | 38,666
EXPENSES: |  |
Property operating expenses | 15,992 | 15,858
Property management expenses | 1,538 | 1,262
General and administrative expenses | 2,100 | 2,622
Acquisition and integration expenses | 122 | 10
Depreciation and amortization expense | 7,607 | 11,527
Total expenses | 27,359 | 31,279
Operating income | 11,783 | 7,387
Interest expense | (7,448) | (9,977)
Interest income | (5) |
Net gains (losses) on sale of assets | (85) | 2,453
Gains (losses) on TSRE merger |  | 91
Net income (loss): | 4,245 | (46)
(Income) loss allocated to noncontrolling interest | (168) | (29)
Net income (loss) allocable to common shares | $ 4,077 | $ (75)
Earnings (loss) per share: |  |
Basic | $ 0.06 |
Diluted | $ 0.06 |
Weighted-average shares: |  |
Basic | 68,787,155 | 47,093,343
Diluted | 68,958,786 | 47,093,343

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