XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE:        
Rental income $ 41,675 $ 35,176 $ 82,533 $ 69,913
Property management and other income 155 130 294 377
Total revenue 46,889 39,561 92,644 78,703
EXPENSES:        
Property operating expenses 18,703 15,918 37,121 31,910
General and administrative expenses 2,872 2,706 5,606 4,806
Acquisition and integration expenses   265   387
Depreciation and amortization expense 11,583 8,011 22,807 15,618
Total expenses 34,750 28,344 68,809 55,703
Operating income 12,139 11,217 23,835 23,000
Interest expense (8,594) (7,162) (16,934) (14,610)
Other income (expense)   (12) 144 (17)
Net gains (losses) on sale of assets   16,050   15,965
Gains (losses) on extinguishment of debt   (572)   (572)
Net income (loss): 3,545 19,521 7,045 23,766
(Income) loss allocated to noncontrolling interest (36) (782) (124) (950)
Net income (loss) allocable to common shares $ 3,509 $ 18,739 $ 6,921 $ 22,816
Earnings (loss) per share:        
Basic $ 0.04 $ 0.27 $ 0.08 $ 0.33
Diluted $ 0.04 $ 0.27 $ 0.08 $ 0.33
Weighted-average shares:        
Basic 86,644,716 68,832,855 85,978,431 68,810,131
Diluted 86,908,978 68,943,869 86,208,502 69,007,862
Tenant reimbursement income        
REVENUE:        
Revenue $ 1,594 $ 1,398 $ 3,201 $ 2,859
Other property income        
REVENUE:        
Revenue 3,465 2,857 6,616 5,554
Management Expenses        
EXPENSES:        
Property management expenses $ 1,592 $ 1,444 $ 3,275 $ 2,982