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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 71,924 $ 64,870 $ 210,981 $ 192,693
Expenses (income):        
Property operating 5,301 7,202 20,982 22,008
Fire loss 31     195
Fire recovery   (305) (49)  
Operating fees to related parties 6,956 6,390 20,925 17,833
Acquisition and transaction related 2,804 1,141 5,243 2,280
General and administrative 3,215 2,468 7,822 6,291
Equity-based compensation 2,053 (391) 1,198 (2,610)
Depreciation and amortization 30,195 29,879 89,504 84,490
Total expenses 50,555 46,384 145,625 130,487
Operating income 21,369 18,486 65,356 62,206
Other income (expense):        
Interest expense (15,104) (12,479) (42,494) (35,644)
Loss on extinguishment of debt (2,612) 0 (3,897) 0
(Loss) gain on dispositions of real estate investments (1,933) 275 (5,751) 1,089
Gain (loss) on derivative instruments 1,290 (3,125) 4,688 (6,585)
Unrealized gain (loss) on undesignated foreign currency advances and other hedge ineffectiveness 108 88 18 (3,765)
Other income 44 2 67 12
Total other expense, net (18,207) (15,239) (47,369) (44,893)
Net income before income tax 3,162 3,247 17,987 17,313
Income tax expense (530) (760) (2,800) (2,176)
Net income 2,632 2,487 15,187 15,137
Net income attributable to non-controlling interest 0 0 0 (21)
Preferred Stock dividends (2,455) (383) (7,361) (383)
Net income attributable to common stockholders $ 177 $ 2,104 $ 7,826 $ 14,733
Basic and Diluted Earnings Per Share:        
Basic and diluted net income per share attributable to common stockholders (usd per share) $ 0.00 $ 0.03 $ 0.11 $ 0.21
Weighted average shares outstanding:        
Basic (shares) 69,441,639 67,286,615 68,014,855 66,739,723
Diluted (shares) 69,441,639 67,286,615 68,417,253 66,739,723
Rental income        
Revenues:        
Total revenues $ 68,661 $ 61,270 $ 198,015 $ 179,976
Operating expense reimbursements        
Revenues:        
Total revenues $ 3,263 $ 3,600 $ 12,966 $ 12,717