v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Rental revenue $ 22,036 $ 16,835 $ 43,569 $ 31,976
Other income 19 45 135 104
Total revenue 22,055 16,880 43,704 32,080
Expenses        
General and administrative 1,643 1,640 3,482 3,246
Operating expenses 2,336 1,143 4,639 2,466
Management fees - related party 2,021 1,584 4,024 2,918
Depreciation expense 6,593 4,608 12,429 8,475
Amortization expense 2,348 1,255 4,269 2,257
Interest expense 4,375 4,132 8,752 8,157
Management internalization expense 920   1,424  
Preacquisition expense 147 56 196 56
Total expenses 20,383 14,418 39,215 27,575
Net income 1,672 2,462 4,489 4,505
Less: Preferred stock dividends (1,455) (1,455) (2,911) (2,911)
Less: Net income attributable to noncontrolling interest (13) (103) (120) (162)
Net income attributable to common stockholders $ 204 $ 904 $ 1,458 $ 1,432
Net income attributable to common stockholders per share - basic and diluted $ 0.00 $ 0.03 $ 0.03 $ 0.05
Weighted average shares outstanding - basic and diluted 45,404 34,559 44,793 30,990

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