v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Rental revenue $ 29,967 $ 25,055 $ 85,492 $ 68,623
Other income 16 42 101 178
Total revenue 29,983 25,097 85,593 68,801
Expenses        
General and administrative 3,852 4,027 12,519 7,509
Operating expenses 3,973 3,619 10,964 8,256
Management fees - related party       4,024
Depreciation expense 8,639 6,954 24,779 19,383
Amortization expense 3,303 2,563 9,443 6,832
Interest expense 4,830 4,864 14,887 13,616
Management internalization expense   12,580   14,005
Preacquisition expense 18 70 146 267
Total expenses 24,615 34,677 72,738 73,892
Net income (loss) 5,368 (9,580) 12,855 (5,091)
Less: Preferred stock dividends (1,455) (1,455) (4,366) (4,366)
Less: Net (income) loss attributable to noncontrolling interest (224) 767 (492) 647
Net income (loss) attributable to common stockholders $ 3,689 $ (10,268) $ 7,997 $ (8,810)
Net income (loss) attributable to common stockholders per share - basic and diluted $ 0.06 $ (0.22) $ 0.13 $ (0.19)
Weighted average shares outstanding - basic and diluted 64,204 46,908 59,398 45,503

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