XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
TOTAL REVENUES $ 30,729 $ 28,446 $ 61,615 $ 56,098
OPERATING EXPENSES        
Property operating expenses 6,868 6,747 14,027 14,310
Real estate taxes and insurance 6,778 5,707 13,642 11,438
General and administrative 2,594 2,579 4,917 4,247
Depreciation and amortization 5,872 4,590 11,430 9,139
TOTAL OPERATING EXPENSES 22,112 19,623 44,016 39,134
INCOME FROM OPERATIONS 8,617 8,823 17,599 16,964
Interest expense, net (9,979) (8,210) (19,767) (16,484)
Loss on modification/extinguishment of debt (4,228) (1,771) (4,228) (1,771)
Gain on involuntary conversion 85 0 85 0
Net loss (5,505) (1,158) (6,311) (1,291)
Net loss attributable to non-controlling interests 3,283 691 3,763 770
Net loss attributable to common stockholders $ (2,222) $ (467) $ (2,548) $ (521)
Basic and diluted net loss per share (in dollars per share) $ (0.13) $ (0.03) $ (0.15) $ (0.04)
Residential Rental [Member]        
REVENUES        
TOTAL REVENUES $ 23,679 $ 21,146 $ 47,397 $ 41,918
Commercial Real Estate [Member]        
REVENUES        
TOTAL REVENUES $ 7,050 $ 7,300 $ 14,218 $ 14,180