| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental revenue | ||||||
135,670 | 94,944 | 53,373 | ||||
Interest on loans and direct financing lease receivables | ||||||
3,024 | 656 | 293 | ||||
Other revenue, net | ||||||
663 | 623 | 783 | ||||
Total revenues | ||||||
139,357 | 96,223 | 54,449 | ||||
Expenses: | ||||||
Interest | ||||||
27,037 | 30,192 | 22,574 | ||||
General and administrative | ||||||
21,745 | 13,762 | 8,775 | ||||
Property expenses | ||||||
3,070 | 1,980 | 1,547 | ||||
Depreciation and amortization | ||||||
42,745 | 31,352 | 19,516 | ||||
Provision for impairment of real estate | ||||||
2,918 | 4,503 | 2,377 | ||||
Total expenses | ||||||
97,515 | 81,789 | 54,789 | ||||
Other operating income: | ||||||
Gain on dispositions of real estate, net | ||||||
10,932 | 5,445 | 6,748 | ||||
Income from operations | ||||||
52,774 | 19,879 | 6,408 | ||||
Other (loss)/income: | ||||||
Loss on repurchase and retirement of secured borrowings | ||||||
-5,240 | - | - | ||||
Interest | ||||||
794 | 930 | 49 | ||||
Income before income tax expense | ||||||
48,328 | 20,809 | 6,457 | ||||
Income tax expense | ||||||
303 | 195 | 161 | ||||
Net income | ||||||
48,025 | 20,614 | 6,296 | ||||
Net income attributable to non-controlling interests | ||||||
6,181 | 5,001 | - | ||||
Net income attributable to stockholders | ||||||
41,844 | 15,613 | 6,296 | ||||
Basic weighted average shares outstanding | ||||||
64,104 | - | - | ||||
Basic net income per share | ||||||
0.65 | - | - | ||||
Diluted weighted average shares outstanding | ||||||
75,309 | - | - | ||||
Diluted net income per share | ||||||
0.63 | - | - | ||||