| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Rental income | ||||||
- | - | - | 63,702 | 48,009 | 33,236 | |
Expense reimbursement | ||||||
- | - | - | 7,140 | - | - | |
Expense reimbursement | ||||||
- | - | - | - | 5,808 | 2,869 | |
Other | ||||||
- | - | - | 1,619 | 1,235 | 791 | |
Rental and other revenues | ||||||
156,297 | 129,484 | 106,487 | 72,461 | 55,052 | 36,896 | |
Operating expenses: | ||||||
Property operating expenses | ||||||
57,316 | 49,872 | 42,886 | 28,305 | 20,420 | 14,332 | |
Stock based compensation | ||||||
- | - | - | - | - | 1,091 | |
General and administrative | ||||||
11,066 | 8,137 | 6,792 | 6,429 | 3,728 | 1,314 | |
Base management fee | ||||||
- | - | - | 109 | 1,302 | 682 | |
External advisor acquisition | ||||||
- | - | - | 7,045 | 492 | - | |
Acquisition costs | ||||||
- | - | - | 692 | 2,959 | 2,133 | |
Depreciation and amortization | ||||||
59,159 | 52,352 | 41,594 | 30,178 | 21,624 | 14,729 | |
Impairment of real estate | ||||||
- | 3,497 | - | - | - | - | |
Total operating expenses | ||||||
127,541 | 113,858 | 91,272 | 72,758 | 50,525 | 34,281 | |
Operating income | ||||||
28,756 | 15,626 | 15,215 | -297 | 4,527 | 2,615 | |
Interest expense: | ||||||
Contractual interest expense | ||||||
28,401 | 22,316 | 18,721 | 13,804 | 10,607 | - | |
Amortization of deferred financing costs and debt fair value | ||||||
1,325 | 1,621 | 1,452 | - | - | - | |
Amortization of deferred financing costs | ||||||
- | - | - | 957 | 746 | 1,443 | |
Loss on early extinguishment of Predecessor debt | ||||||
- | - | - | - | - | -1,655 | |
Interest expense, net | ||||||
29,726 | 23,937 | 20,173 | 14,761 | 11,353 | 7,854 | |
Net gain on sale of real estate property | ||||||
3,412 | 46,980 | 12,116 | 15,934 | - | - | |
Change in fair value of earn-out | ||||||
- | - | - | 500 | 841 | - | |
Change in fair value of contingent consideration | ||||||
- | - | -2,000 | - | - | - | |
Interest expense, net | ||||||
- | - | - | - | - | -10,952 | |
Change in fair value of earn-out | ||||||
- | - | - | - | - | 1,048 | |
Gain on equity investment | ||||||
- | - | - | - | - | 4,475 | |
Net income/(loss) | ||||||
2,442 | 38,669 | 9,158 | 376 | -7,667 | -4,910 | |
Net income attributable to non-controlling interests in properties | ||||||
644 | 501 | 3,402 | 354 | 500 | - | |
Net income attributable to Operating Partnership unitholders' non-controlling interests | ||||||
- | - | - | 865 | -1,576 | 1,955 | |
Less: Net (income)/loss attributable to noncontrolling interests in properties | ||||||
- | - | - | - | - | -82 | |
Net income/(loss) attributable to the Company | ||||||
1,798 | 38,168 | 5,756 | -843 | -6,591 | -1,973 | |
Preferred stock distributions | ||||||
7,420 | 7,420 | 7,411 | 1,781 | - | - | |
Net loss attributable to common stockholders | ||||||
-5,622 | 30,748 | -1,655 | -2,624 | -6,591 | -5,010 | |
Net loss per common share: | ||||||
Basic and diluted | ||||||
- | - | - | - | -0.53 | -0.59 | |
Basic | ||||||
-0.13 | 0.82 | -0.05 | -0.13 | - | - | |
Diluted | ||||||
-0.13 | 0.82 | -0.05 | -0.13 | - | - | |
Weighted average common shares outstanding: | ||||||
Basic and diluted | ||||||
- | - | - | - | 12,409 | 8,475 | |
Basic | ||||||
43,997 | 37,321 | 30,198 | 20,460 | - | - | |
Diluted | ||||||
43,997 | 37,670 | 30,198 | 20,460 | - | - | |
Dividends distributions declared per common share | ||||||
0.94 | 0.94 | 0.94 | 0.94 | 0.94 | 0.65 | |