Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Operations

v3.20.4
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Rental revenue $ 93,518 $ 70,515 $ 53,138
Other income 212 211 54
Total revenue 93,730 70,726 53,192
Expenses      
General and administrative 11,935 6,536 5,537
Operating expenses 10,867 5,958 3,720
Management fees - related party 4,024 6,266 4,422
Depreciation expense 26,747 19,066 13,644
Amortization expense 9,606 5,569 3,625
Interest expense 18,680 17,472 14,975
Management internalization expense 14,005 0 0
Preacquisition expense 365 271 383
Total expenses 96,229 61,138 46,306
(Loss) income before gain on sale of investment property (2,499) 9,588 6,886
Gain on sale of investment property 0 0 7,675
Net (loss) income (2,499) 9,588 14,561
Less: Preferred stock dividends (5,822) (5,822) (5,822)
Less: Net loss (income) attributable to noncontrolling interest 574 (354) (1,071)
Net (loss) income attributable to common stockholders $ (7,747) $ 3,412 $ 7,668
Net (loss) income attributable to common stockholders per share - basic and diluted $ (0.17) $ 0.10 $ 0.35
Weighted average shares outstanding - basic and diluted 46,256 33,865 21,971