v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Rental revenue $ 35,347 $ 29,967 $ 100,877 $ 85,492
Other income 59 16 100 101
Total revenue 35,406 29,983 100,977 85,593
Expenses        
General and administrative 3,961 3,852 12,494 12,519
Operating expenses 6,679 3,973 18,050 10,964
Depreciation expense 10,128 8,639 29,428 24,779
Amortization expense 4,287 3,303 12,202 9,443
Interest expense 6,963 4,830 17,166 14,887
Preacquisition expense 112 18 242 146
Total expenses 32,130 24,615 89,582 72,738
Income before gain on sale of investment property 3,276 5,368 11,395 12,855
Gain on sale of investment property 6,753   6,753  
Net income 10,029 5,368 18,148 12,855
Less: Preferred stock dividends (1,455) (1,455) (4,366) (4,366)
Less: Net (income) loss attributable to noncontrolling interest (517) (224) (830) (492)
Net income (loss) attributable to common stockholders $ 8,057 $ 3,689 $ 12,952 $ 7,997
Net income (loss) attributable to common stockholders per share - basic $ 0.12 $ 0.06 $ 0.20 $ 0.13
Net income (loss) attributable to common stockholders per share - diluted $ 0.12 $ 0.06 $ 0.20 $ 0.13
Weighted average shares outstanding - basic 65,518 64,204 65,443 59,398
Weighted average shares outstanding - diluted 65,518 64,204 65,443 56,398

Source