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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE:        
Rental and other property revenue $ 52,087 $ 50,848 $ 103,243 $ 100,313
Other revenue 181 108 375 183
Total revenue 52,268 50,956 103,618 100,496
EXPENSES:        
Property operating expenses $ 20,974 $ 20,072 $ 40,711 $ 39,958
Type of Cost, Good or Service [Extensible List] us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member
Property management expenses $ 2,077 $ 2,062 $ 4,233 $ 3,875
General and administrative expenses 3,574 3,538 8,950 6,645
Depreciation and amortization expense 15,231 12,721 30,059 25,168
Abandoned deal costs     130  
Casualty losses 411   411  
Total expenses 42,267 38,393 84,494 75,646
Interest expense (9,202) (9,849) (18,699) (19,570)
Gain (loss) on sale of assets   12,142   12,142
Net income (loss): 799 14,856 425 17,422
Income allocated to noncontrolling interest (10) (147) (8) (173)
Net income (loss) allocable to common shares $ 789 $ 14,709 $ 417 $ 17,249
Earnings per share:        
Basic $ 0.01 $ 0.16 $ 0.00 $ 0.19
Diluted $ 0.01 $ 0.16 $ 0.00 $ 0.19
Weighted-average shares:        
Basic 94,435,722 89,513,105 92,646,891 89,252,724
Diluted 95,092,860 90,019,909 93,550,425 89,902,637