| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental income | ||||||
- | - | - | 164,386 | 160,865 | 21,450 | 21,892 |
Operating expense reimbursements | ||||||
- | - | - | 12,232 | 11,495 | 6,659 | 2,397 |
Interest income from debt investments | ||||||
- | - | - | 1,050 | 2,138 | - | 0 |
Revenue from tenants | ||||||
299,744 | 291,207 | 270,910 | 177,668 | 174,498 | 28,109 | 24,289 |
Operating expenses: | ||||||
Asset management fees to related party | ||||||
- | - | - | - | - | 0 | - |
Related Party Transaction, Expenses from Transactions with Related Party | ||||||
25,695 | 23,143 | 20,908 | 18,000 | 13,009 | - | 0 |
Property operating expense | ||||||
52,715 | 54,068 | 42,594 | 13,614 | 13,258 | 8,844 | 2,794 |
Impairment of Real Estate | ||||||
800 | 21,080 | 25,049 | 27,299 | 0 | 186 | - |
Fair value adjustments to contingent purchase price consideration | ||||||
- | - | - | - | - | 672 | - |
Acquisition, transaction and other costs | ||||||
6,257 | 7,557 | 10,151 | 7,063 | 2,220 | 11,891 | 26,934 |
Listing fees | ||||||
0 | 5,000 | 0 | 0 | - | - | - |
Vesting and conversion of Class B Units | ||||||
0 | 15,786 | 0 | 0 | - | - | - |
Equity-based compensation | ||||||
12,717 | 5,266 | 128 | 0 | - | - | - |
General and administrative | ||||||
20,375 | 22,733 | 19,691 | 11,168 | 11,314 | 2,558 | 2,430 |
Depreciation and amortization | ||||||
124,713 | 139,907 | 154,027 | 101,143 | 101,546 | 14,080 | 14,947 |
Goodwill impairment | ||||||
1,600 | 0 | 0 | - | - | - | - |
Total operating expenses | ||||||
244,904 | 294,528 | 272,548 | 178,287 | 141,347 | 36,887 | 47,105 |
Operating income before gain on sale of real estate investments | ||||||
54,840 | -3,321 | -1,638 | -619 | - | - | - |
Loss on extinguishment of debt | ||||||
- | - | - | - | 7,564 | - | 0 |
Loss on sale of commercial mortgage-backed securities | ||||||
- | - | - | - | -1,585 | - | 0 |
Distribution income from other real estate securities | ||||||
- | - | - | - | 363 | - | 2,272 |
Gain on sale of other real estate securities, net | ||||||
- | - | - | - | 738 | - | 125 |
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes | ||||||
23,700 | 31,776 | 15,100 | 454 | 0 | - | - |
Operating income | ||||||
78,530 | 28,455 | 13,490 | -165 | 33,151 | -8,778 | -22,816 |
Other (expense) income: | ||||||
Interest Expense | ||||||
77,994 | 66,789 | 60,305 | 54,253 | 40,891 | 3,907 | 485 |
(Loss) gain on disposition of land | ||||||
- | - | - | - | - | -19 | - |
Gain on involuntary conversion | ||||||
- | - | - | - | - | 0 | - |
Other income | ||||||
3,627 | 863 | 238 | 163 | 147 | 72 | 107 |
Loss on commercial mortgage loans held for sale | ||||||
- | - | - | - | -5,476 | - | 0 |
Total other expense, net | ||||||
-74,367 | -65,926 | -60,067 | -54,090 | -54,268 | -3,854 | 2,019 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
4,163 | -37,471 | -46,577 | -54,255 | -21,117 | - | - |
Net loss attributable to non-controlling interests | ||||||
16 | -62 | -83 | 0 | 0 | - | - |
Preferred stock dividends | ||||||
7,248 | 0 | 0 | - | - | - | - |
Net loss attributable to common stockholders | ||||||
-3,101 | -37,409 | -46,494 | -54,255 | -21,117 | -12,632 | -20,797 |
Other comprehensive (loss) income: | ||||||
Other comprehensive loss: | ||||||
Change in unrealized loss on derivatives | ||||||
531 | -626 | 95 | 0 | 0 | - | - |
Change in unrealized loss on investment securities | ||||||
- | - | - | - | -463 | - | -6,981 |
Other comprehensive (loss) income | ||||||
- | - | - | 0 | -463 | - | - |
Change in unrealized loss on derivative | ||||||
- | - | - | - | - | -229 | - |
Comprehensive loss attributable to common stockholders | ||||||
-2,570 | -38,035 | -46,399 | -54,255 | -21,580 | -12,861 | -27,778 |
Weighted-average shares outstanding - Basic and Diluted (in shares) | ||||||
106,397 | 105,560 | 99,649 | 65,450 | 66,028 | 49,231 | 28,954 |
Net (loss) income per share attributable to common stockholders - Basic and Diluted (in dollars per share) | ||||||
-0.03 | -0.35 | -0.47 | -0.83 | -0.32 | -0.26 | -0.72 |