| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
REVENUES: | ||||||
Rental income | ||||||
229,234 | 162,530 | 156,506 | 132,518 | |||
Tenant reimbursements and other income | ||||||
- | - | - | 20,792 | |||
Total revenues | ||||||
- | - | - | 153,310 | |||
Expenses: | ||||||
Real estate taxes | ||||||
30,367 | 19,342 | 17,868 | 17,204 | |||
Other operating expenses | ||||||
17,643 | 13,005 | 10,913 | 10,593 | |||
Depreciation and amortization | ||||||
61,927 | 28,575 | 27,315 | 27,074 | |||
Acquisition and transaction related costs | ||||||
0 | 0 | 1,025 | 35 | |||
General and administrative | ||||||
17,189 | 11,307 | 16,799 | 9,200 | |||
Total expenses | ||||||
127,126 | 72,229 | 73,920 | 64,106 | |||
Interest income | ||||||
743 | 200 | 0 | 0 | |||
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $586 and $403, respectively) | ||||||
50,848 | 16,081 | 2,439 | 2,262 | |||
Income before income tax expense and equity in earnings of an investee | ||||||
52,003 | 74,420 | 80,147 | 86,942 | |||
Income tax expense | ||||||
171 | 32 | 44 | 44 | |||
Equity in earnings of an investee | ||||||
666 | 0 | 0 | - | |||
Net income attributable to common shareholders | ||||||
52,498 | 74,388 | 80,103 | 86,898 | |||
Other comprehensive income: | ||||||
Weighted average common shares outstanding - basic (in shares) | ||||||
65,049 | 64,139 | 45,000 | 45,000 | |||
Weighted average common shares outstanding - diluted (in shares) | ||||||
65,055 | 64,140 | 45,000 | 45,000 | |||
Net income attributable to common shareholders (in dollars per share) | ||||||
0.81 | 1.16 | 1.78 | 1.93 | |||