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v3.10.0.1

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
OPERATING REVENUES: |  |  |  |
Rental revenue | $ 6,632 | $ 5,994 | $ 13,320 | $ 11,742
Tenant recovery revenue | 2 | 2 | 8 | 4
Other operating revenues | 4,760 | 0 | 7,311 | 0
Total operating revenues | 11,394 | 5,996 | 20,639 | 11,746
OPERATING EXPENSES: |  |  |  |
Depreciation and amortization | 2,242 | 1,599 | 4,430 | 3,071
Property operating expenses | 318 | 259 | 746 | 542
Acquisition-related expenses | 0 | 37 | 131 | 46
Management fee | 754 | 530 | 1,411 | 924
Incentive fee | 0 | 76 | 0 | 427
Administration fee | 275 | 219 | 549 | 445
General and administrative expenses | 367 | 370 | 790 | 782
Other operating expenses | 5,140 | 0 | 7,498 | 0
Total operating expenses | 9,096 | 3,090 | 15,555 | 6,237
Credits to fees from Adviser | (174) | 0 | (174) | 0
Total operating expenses, net of credits to fees | 8,922 | 3,090 | 15,381 | 6,237
OPERATING INCOME | 2,472 | 2,906 | 5,258 | 5,509
OTHER INCOME (EXPENSE): |  |  |  |
Other income | 9 | 0 | 323 | 185
Interest expense | (2,815) | (2,193) | (5,646) | (4,350)
Distributions attributable to Series A cumulative term preferred stock | (458) | (458) | (916) | (916)
Property and casualty loss | 0 | 0 | (129) | 0
Loss on write-down of inventory | (1,060) | 0 | (1,060) | 0
Total other expense, net | (4,324) | (2,651) | (7,428) | (5,081)
NET (LOSS) INCOME | (1,852) | 255 | (2,170) | 428
Net loss (income) attributable to non-controlling interests | 110 | (28) | 131 | (49)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY | (1,742) | 227 | (2,039) | 379
Dividends declared on Series B cumulative redeemable preferred stock | (3) | 0 | (3) | 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ (1,745) | $ 227 | $ (2,042) | $ 379
(LOSS) EARNINGS PER COMMON SHARE: |  |  |  |
Basic and diluted (in dollars per share) | $ (0.11) | $ 0.02 | $ (0.14) | $ 0.03
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING: |  |  |  |
Basic and diluted (in shares) | 15,506,512 | 11,850,624 | 14,736,400 | 11,127,199
Distributions declared per share of common stock | $ 0.1329 | $ 0.1305 | $ 0.26565 | $ 0.2595

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