Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Rental revenue $ 16,835 $ 13,240 $ 31,976 $ 24,796
Other income 45 9 104 18
Total revenue 16,880 13,249 32,080 24,814
Expenses        
General and administrative 1,640 1,768 3,246 2,774
Operating expenses 1,143 680 2,466 1,784
Management fees - related party 1,584 1,095 2,918 2,176
Depreciation expense 4,608 3,445 8,475 6,351
Amortization expense 1,255 926 2,257 1,691
Interest expense 4,132 3,942 8,157 6,627
Preacquisition fees 56 9 56 126
Total expenses 14,418 11,865 27,575 21,529
Net income 2,462 1,384 4,505 3,285
Less: Preferred stock dividends (1,455) (1,455) (2,911) (2,911)
Less: Net (income) loss attributable to noncontrolling interest (103) 7 (162) (28)
Net income (loss) attributable to common stockholders $ 904 $ (64) $ 1,432 $ 346
Net income attributable to common stockholders per share - basic and diluted $ 0.03 $ 0.00 $ 0.05 $ 0.02
Weighted average shares outstanding - basic and diluted 34,559 21,631 30,990 21,631