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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Rental income $ 21,928 $ 22,926 $ 65,854 $ 67,211
Property expense recovery 4,785 4,423 13,945 12,671
Total revenue 26,713 27,349 79,799 79,882
Expenses:        
Property operating 1,866 1,787 5,598 4,886
Property tax 2,449 2,511 7,521 7,244
Property management fees to affiliates 456 452 1,365 1,347
Asset management fees to affiliates 0 2,485 0 8,026
Advisory fees to affiliates 2,346 273 6,970 273
Performance distribution allocation to affiliates 2,084 213 6,200 213
General and administrative 775 831 2,446 2,736
Corporate operating expenses to affiliates 806 566 2,168 1,679
Depreciation and amortization 11,252 11,236 33,383 32,710
Total expenses 22,034 20,354 65,651 59,114
Income before other income (expenses) 4,679 6,995 14,148 20,768
Other income (expense):        
Interest expense (5,464) (3,997) (14,775) (11,445)
Other income, net 28 101 196 265
Net (loss) income (757) 3,099 (431) 9,588
Net loss (income) attributable to noncontrolling interests 1 (1) 1 (3)
Net (loss) income attributable to common stockholders $ (756) $ 3,098 $ (430) $ 9,585
Net (loss) income attributable to common stockholders, basic and diluted (usd per share) $ (0.01) $ 0.04 $ (0.01) $ 0.13
Weighted average number of common shares outstanding, basic and diluted (shares) 78,034,852 76,157,963 77,594,234 75,441,620
Dividends declared per common share (usd per share) $ 0.14 $ 0.14 $ 0.42 $ 0.42