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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE:        
Rental income $ 43,418 $ 35,531 $ 125,951 $ 105,444
Property management and other income 135 202 429 579
Total revenue 48,779 40,066 141,423 118,769
EXPENSES:        
Property operating expenses 19,792 16,196 56,913 48,106
General and administrative expenses 2,578 2,322 8,184 7,128
Acquisition and integration expenses   569   956
Depreciation and amortization expense 10,783 8,671 33,590 24,289
Total expenses 34,814 29,086 103,623 84,789
Operating income 13,965 10,980 37,800 33,980
Interest expense (9,129) (6,963) (26,063) (21,573)
Other income (expense)   12 144 (5)
Net gains (losses) on sale of assets   (92)   15,873
Gains (losses) on extinguishment of debt       (572)
Acquisition related debt extinguishment expenses   (2,781)   (2,781)
Net income (loss): 4,836 1,156 11,881 24,922
(Income) loss allocated to noncontrolling interest (49) (59) (173) (1,009)
Net income (loss) allocable to common shares $ 4,787 $ 1,097 $ 11,708 $ 23,913
Earnings (loss) per share:        
Basic $ 0.05 $ 0.02 $ 0.14 $ 0.34
Diluted $ 0.05 $ 0.02 $ 0.13 $ 0.34
Weighted-average shares:        
Basic 87,702,078 71,972,394 86,559,294 69,875,802
Diluted 88,046,311 72,144,544 86,818,337 70,105,571
Tenant reimbursement income        
REVENUE:        
Revenue $ 1,618 $ 1,373 $ 4,819 $ 4,232
Other property income        
REVENUE:        
Revenue 3,608 2,960 10,224 8,514
Management Expenses        
EXPENSES:        
Property management expenses $ 1,661 $ 1,328 $ 4,936 $ 4,310