v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Rental revenue $ 28,200 $ 22,036 $ 55,525 $ 43,569
Other income 61 19 85 135
Total revenue 28,261 22,055 55,610 43,704
Expenses        
General and administrative 4,285 1,643 8,667 3,482
Operating expenses 3,303 2,336 6,991 4,639
Management fees - related party   2,021   4,024
Depreciation expense 8,292 6,593 16,140 12,429
Amortization expense 3,135 2,348 6,140 4,269
Interest expense 5,020 4,375 10,057 8,752
Management internalization expense   920   1,424
Preacquisition expense 62 147 128 196
Total expenses 24,097 20,383 48,123 39,215
Net income 4,164 1,672 7,487 4,489
Less: Preferred stock dividends (1,455) (1,455) (2,911) (2,911)
Less: Net loss (income) attributable to noncontrolling interest (156) (13) (268) (120)
Net income attributable to common stockholders $ 2,553 $ 204 $ 4,308 $ 1,458
Net income attributable to common stockholders per share - basic and diluted $ 0.04 $ 0.00 $ 0.08 $ 0.03
Weighted average shares outstanding - basic and diluted 61,194 45,404 56,956 44,793

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