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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