XML 63 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE:        
Rental and other property revenue $ 51,057 $ 48,644 $ 151,370 $ 140,994
Other revenue 242 135 425 429
Total revenue 51,299 48,779 151,795 141,423
EXPENSES:        
Property operating expenses $ 20,546 $ 19,792 $ 60,504 $ 56,913
Type of Cost, Good or Service [Extensible List] us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member
Property management expenses $ 1,901 $ 1,661 $ 5,776 $ 4,936
General and administrative expenses 3,113 2,578 9,758 8,184
Depreciation and amortization expense 13,434 10,783 38,602 33,590
Total expenses 38,994 34,814 114,640 103,623
Interest expense (9,783) (9,129) (29,353) (26,063)
Other income       144
Gain on sale of assets 2,390   14,532  
Net income: 4,912 4,836 22,334 11,881
Income allocated to noncontrolling interest (49) (49) (222) (173)
Net income allocable to common shares $ 4,863 $ 4,787 $ 22,112 $ 11,708
Earnings per share:        
Basic $ 0.05 $ 0.05 $ 0.25 $ 0.14
Diluted $ 0.05 $ 0.05 $ 0.25 $ 0.13
Weighted-average shares:        
Basic 90,027,540 87,702,078 89,513,834 86,559,294
Diluted 90,691,368 88,046,311 90,234,840 86,818,337