v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Rental revenue $ 33,679 $ 28,200 $ 65,530 $ 55,525
Other income 18 61 42 85
Total revenue 33,697 28,261 65,572 55,610
Expenses        
General and administrative 4,336 4,285 8,534 8,667
Operating expenses 6,000 3,303 11,372 6,991
Depreciation expense 9,898 8,292 19,300 16,140
Amortization expense 4,138 3,135 7,915 6,140
Interest expense 5,401 5,020 10,202 10,057
Preacquisition expense 90 62 130 128
Total expenses 29,863 24,097 57,453 48,123
Net income 3,834 4,164 8,119 7,487
Less: Preferred stock dividends (1,455) (1,455) (2,911) (2,911)
Less: Net (income) loss attributable to noncontrolling interest (143) (156) (313) (268)
Net income (loss) attributable to common stockholders $ 2,236 $ 2,553 $ 4,895 $ 4,308
Net income (loss) attributable to common stockholders per share - basic $ 0.03 $ 0.04 $ 0.07 $ 0.08
Net income (loss) attributable to common stockholders per share - diluted $ 0.03 $ 0.04 $ 0.07 $ 0.08
Weighted average shares outstanding - basic 65,507 61,194 65,405 56,956
Weighted average shares outstanding - diluted 65,507 61,194 65,405 56,956

Source