Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Rental revenue $ 18,117 $ 13,995 $ 50,093 $ 38,790
Other income 78 8 182 27
Total revenue 18,195 14,003 50,275 38,817
Expenses        
General and administrative 1,681 1,395 4,928 4,169
Operating expenses 1,362 941 3,826 2,726
Management fees - related party 1,621 1,104 4,539 3,280
Depreciation expense 5,006 3,614 13,481 9,965
Amortization expense 1,500 953 3,757 2,645
Interest expense 4,549 4,055 12,707 10,681
Preacquisition fees 168 168 224 294
Total expenses 15,887 12,230 43,462 33,760
Net income 2,308 1,773 6,813 5,057
Less: Preferred stock dividends (1,455) (1,455) (4,366) (4,366)
Less: Net income attributable to noncontrolling interest (83) (32) (246) (59)
Net income attributable to common stockholders $ 770 $ 286 $ 2,201 $ 632
Net income attributable to common stockholders per share - basic and diluted $ 0.02 $ 0.01 $ 0.07 $ 0.03
Weighted average shares outstanding - basic and diluted 35,512 21,797 32,514 21,687