Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue    
Rental revenue $ 10,488 $ 4,629
Expense recoveries 1,068 0
Other income 8 30
Total revenue 11,564 4,659
Expenses    
Acquisition fees 117 942
General and administrative 1,005 1,595
Operating expenses 1,105 23
Management fees - related party 1,081 [1] 627
Depreciation expense 2,906 1,346
Amortization expense 765 344
Interest expense 2,684 1,100
Total expenses 9,663 5,977
Net income (loss) 1,901 (1,318)
Less: Preferred stock dividends (1,455) 0
Less: Net income attributable to noncontrolling interest (35) 0
Net income (loss) attributable to common stockholders $ 411 $ (1,318)
Net income (loss) attributable to common stockholders per share - basic and diluted $ 0.02 $ (0.07)
Weighted average shares outstanding - Basic and Diluted 21,631 17,606
[1] Net amount accrued of $17 consists of $1,081 in management fee expense incurred, net of $1,064 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.