| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Operating Leases, Income Statement, Lease Revenue | |||||||||
395,121 | 323,252 | 231,895 | 137,331 | 69,128 | 30,762 | 20,165 | 9,102 | 4,510 | 0 |
Other property revenues | |||||||||
11,795 | 8,213 | 4,958 | 19,302 | 9,495 | 3,946 | 2,237 | 1,128 | 565 | 0 |
Interest income on loan and note receivable | |||||||||
49,542 | 50,190 | 35,948 | 28,841 | 23,207 | 18,531 | 9,214 | 2,247 | 250 | 0 |
Revenue from Related Parties | |||||||||
11,946 | 15,616 | 21,204 | 14,645 | 7,474 | 3,295 | 516 | 11 | - | - |
miscellaneous revenues | |||||||||
2,023 | 0 | 0 | - | - | - | - | - | - | - |
Interest Income, Related Party | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Revenues | |||||||||
470,427 | 397,271 | 294,005 | 200,119 | 109,305 | 56,536 | 32,133 | 12,491 | 5,325 | 0 |
Operating expenses: | |||||||||
Property operating and maintenance | |||||||||
52,911 | 44,065 | 29,903 | 19,982 | 10,878 | 4,887 | 3,286 | 1,385 | 681 | 0 |
property salaries related party | |||||||||
20,693 | 17,766 | 13,272 | 10,399 | 5,885 | 2,882 | 2,186 | 984 | - | - |
Property management fees | |||||||||
13,981 | 11,681 | 8,329 | 5,981 | 3,014 | 1,347 | 883 | 410 | 203 | 0 |
salary and benefits expense related party | |||||||||
- | - | - | - | - | - | - | - | 486 | - |
Real estate taxes | |||||||||
50,298 | 42,035 | 31,281 | 21,594 | 9,934 | 3,587 | 2,279 | 753 | 364 | 0 |
General and administrative | |||||||||
8,541 | 8,224 | 6,490 | 4,558 | 2,285 | 1,051 | 617 | 329 | 216 | 0 |
Share-based Compensation | |||||||||
1,223 | 1,703 | 3,470 | 2,524 | 2,362 | 1,784 | 1,191 | 1,251 | - | 0 |
Depreciation and amortization | |||||||||
185,065 | 171,136 | 116,777 | 78,140 | 38,096 | 16,328 | 15,250 | 3,595 | 5,750 | 0 |
Acquisition costs | |||||||||
- | - | - | 8,547 | 9,153 | 3,518 | 362 | 0 | -1,680 | 388 |
acquisition fees paid to related party | |||||||||
- | - | - | - | - | 3,714 | 1,167 | 0 | 868 | - |
Management fees | |||||||||
33,516 | 27,541 | 20,226 | 13,637 | 7,041 | 3,546 | 1,983 | 822 | 505 | 0 |
Loans and Leases Receivable, Allowance | |||||||||
2,038 | 2,533 | 0 | - | - | - | - | - | - | - |
Allowance for Loan and Lease Losses, Loans Acquired | |||||||||
2,038 | 2,533 | 0 | 0 | - | - | - | - | - | - |
Other Expenses | |||||||||
13,687 | 7,166 | 6,598 | 6,173 | 3,568 | 1,903 | 1,038 | 599 | - | - |
Organizational costs | |||||||||
- | - | - | - | - | - | - | - | - | 360 |
Insurance | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Professional Fees | |||||||||
- | - | - | - | - | - | - | - | -548 | 0 |
Other | |||||||||
- | - | - | - | - | - | - | - | 792 | 2 |
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | |||||||||
- | - | - | - | - | - | - | - | 238 | - |
Total operating expenses | |||||||||
381,953 | 333,850 | 236,346 | 171,535 | 92,221 | 44,553 | 30,246 | 10,133 | 10,920 | 751 |
manager's fees deferred | |||||||||
11,764 | 6,656 | 1,729 | 1,586 | 1,805 | 332 | 0 | 0 | - | - |
Operating Expenses | |||||||||
370,189 | 327,194 | 234,617 | 169,949 | 90,415 | 44,220 | 30,246 | 10,133 | - | - |
Operating Income (Loss) | |||||||||
101,805 | 139,782 | 97,023 | 34,441 | 18,889 | 12,315 | 1,887 | 2,358 | -5,594 | -751 |
Insurance | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Interest Expense | |||||||||
111,964 | 95,564 | 67,468 | 44,284 | 21,315 | 10,188 | 5,488 | 2,504 | 1,176 | 15 |
Gain (Loss) on Extinguishment of Debt | |||||||||
-84 | 0 | -888 | 0 | 0 | - | 604 | 0 | - | - |
Gain (Loss) on Sales of Loans, Net | |||||||||
954 | 0 | 0 | - | - | - | - | - | - | - |
Income (Loss) before Gain (Loss) on Sale of Properties | |||||||||
100,238 | 70,077 | 59,388 | 30,170 | -2,425 | 2,127 | - | - | - | - |
Gains (Losses) on Sales of Investment Real Estate | |||||||||
1,567 | 69,705 | 37,635 | 4,271 | 0 | 0 | - | - | - | - |
Other income | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-7,458 | 44,538 | 28,667 | -9,843 | -2,425 | 2,127 | -4,205 | -146 | -8,495 | -766 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | |||||||||
-7,458 | 44,538 | 28,667 | -9,843 | -2,425 | 2,127 | -4,205 | -146 | -6,770 | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||
- | - | - | - | - | - | - | - | -1,724 | - |
Income (Loss) Attributable to Noncontrolling Interest, before Tax | |||||||||
-214 | 1,071 | 986 | -310 | -25 | 33 | -222 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | |||||||||
-7,244 | 43,467 | 27,681 | -9,533 | -2,400 | 2,093 | -3,983 | -146 | -8,495 | -766 |
Preferred Stock Dividends and Other Adjustments | |||||||||
113,772 | 86,741 | 63,651 | 41,081 | 18,751 | - | - | - | 0 | 0 |
Deemed noncash dividend | |||||||||
768 | 229 | 63 | 0 | 0 | 0 | 7,028 | 0 | 0 | - |
NetIncomeAllocatedToUnvestedRestrictedShares | |||||||||
-17 | -16 | -15 | -16 | -19 | -24 | -18 | -17 | - | - |
Earnings attributable to unvested restricted stock | |||||||||
- | - | - | - | - | - | - | - | -9 | 0 |
Net Income (Loss) Available to Common Stockholders, Basic | |||||||||
-121,033 | -43,290 | -35,985 | -50,630 | -21,171 | -5,312 | -14,992 | -614 | -8,505 | -766 |
Net loss per share of Common Stock, basic and diluted | |||||||||
- | - | - | - | - | - | - | - | -2.22 | -20.90 |
Net loss per share of Common Stock, basic and diluted | |||||||||
- | - | - | - | - | - | - | - | -1.77 | - |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | |||||||||
- | - | - | - | - | - | - | - | -0.45 | - |
Earnings Per Share, Basic | |||||||||
-2.73 | -1.08 | -1.13 | -2.11 | -0.95 | -0.31 | -1.59 | -0.12 | - | - |
Dividends, Common Stock, Cash | |||||||||
46,755 | 41,129 | 31,244 | 19,941 | 16,196 | - | - | - | 1,940 | 0 |
Common Stock, Dividends, Per Share, Declared | |||||||||
1.04 | 1.02 | 0.94 | 0.81 | 0.72 | 0.65 | 0.60 | 0.55 | - | - |
Weighted Average Number of Shares Outstanding, Basic and Diluted | |||||||||
- | - | - | - | 22,182 | 17,399 | 9,456 | 5,172 | 3,822 | 36 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||
- | - | - | - | - | 17,399 | 9,456 | 5,172 | - | - |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
44,265 | 40,032 | 31,926 | 23,969 | 22,182 | - | - | - | - | - |
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | |||||||||
1,831 | 320 | 0 | 0 | - | - | - | - | - | - |