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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Property revenues        
Rental revenues $ 3,520 $ 0 $ 7,056 $ 0
Other revenues 658 0 1,286 0
Total property revenues 4,178 0 8,342 0
Property expenses        
Property operation and maintenance 1,076 0 2,363 0
Real estate taxes 652 0 1,300 0
Total property expenses 1,728 0 3,663 0
Other expenses        
General and administrative 45 70 326 105
Depreciation and amortization 855 0 1,571 0
Interest expense 683 5 1,358 10
Total other expense 1,583 75 3,255 115
Income (loss) before loss on disposal of assets and income taxes 867 (75) 1,424 (115)
Provision for income taxes (20) 0 (45) 0
Gain (loss) on sale or disposal of assets (5) 0 (11) 0
Net income (loss) 842 (75) 1,368 (115)
Less: Non-controlling interest in subsidiary 715 0 1,268 0
Net income (loss) attributable to Common Shareholders $ 127 $ (75) $ 100 $ (115)
Net income (loss) available to common shareholders (basic) $ 0.31 $ (0.18) $ 0.25 $ (0.28)
Net income (loss) available to common shareholders (diluted) $ 0.04 $ (0.18) $ 0.03 $ (0.28)
Weighted average number of common shares outstanding (basic) 405,169 405,115 405,169 405,106
Weighted average number of common shares outstanding (dilutive) 3,075,793 405,115 2,903,219 405,106