Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Rental revenue $ 13,111 $ 7,922 $ 36,180 $ 19,218
Expense recoveries 884 444 2,610 1,141
Other income 8 23 27 112
Total revenue 14,003 8,389 38,817 20,471
Expenses        
General and administrative 1,395 990 4,169 4,418
Operating expenses 941 464 2,726 1,235
Management fees - related party 1,104 804 3,280 [1] 2,059
Depreciation expense 3,614 2,176 9,965 5,372
Amortization expense 953 523 2,645 1,326
Interest expense 4,055 2,174 10,681 5,266
Acquisition fees 168 652 294 2,130
Total expenses 12,230 7,783 33,760 21,806
Net income (loss) 1,773 606 5,057 (1,335)
Less: Preferred stock dividends (1,455) (259) (4,366) (259)
Less: Net (income) loss attributable to noncontrolling interest (32) 34 (59) 34
Net income (loss) attributable to common stockholders $ 286 $ 381 $ 632 $ (1,560)
Net income (loss) attributable to common stockholders per share – basic and diluted $ 0.01 $ 0.02 $ 0.03 $ (0.08)
Weighted average shares outstanding – basic and diluted 21,797 21,522 21,687 18,938
[1] Net amount accrued of $41 consists of $3,280 in management fee expense incurred, net of $3,239 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.