Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue      
Rental revenue $ 28,511 $ 8,080 $ 2,049
Expense recoveries 1,712 0 0
Other income 121 131 13
Total revenue 30,344 8,211 2,062
Expenses      
Acquisition fees 2,523 1,568 0
Acquisition fees - related party 0 754 627
General and administrative 5,489 4,219 425
Operating expenses 1,860 73 80
Management fees - related party 3,123 [1] 1,434 [2] 360
Depreciation expense 7,929 2,335 660
Amortization expense 2,072 42 0
Interest expense 7,435 4,139 1,519
Total expenses 30,431 14,564 3,671
Net loss (87) (6,353) (1,609)
Less: Preferred stock dividends (1,714) 0 0
Less: Net loss attributable to noncontrolling interest 49 0 0
Net loss attributable to common stockholders $ (1,752) $ (6,353) $ (1,609)
Net loss attributable to common stockholders per share - basic and diluted $ (0.09) $ (0.68) $ (6.44)
Weighted average shares outstanding - basic and diluted 19,617 9,302 250
[1] Net amount accrued of $443 consists of $3,123 in management fee expense incurred, net of $2,680 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.
[2] Net amount repaid of $9 consists of $1,434 in management fee expense incurred, net of $1,443 of accrued management fees that were repaid to the Advisor. This is a cash flow operating activity.