| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues | ||||||
Rental income | ||||||
177,162 | 143,158 | 140,882 | 115,419 | 103,804 | 38,578 | 284 |
Other income | ||||||
3,904 | 3,439 | 3,353 | 17,429 | 13,854 | 4,572 | 32 |
Total revenues | ||||||
181,066 | 146,597 | 144,235 | 132,848 | 117,658 | 43,150 | 316 |
Expenses | ||||||
Property operating expenses | ||||||
42,692 | 35,824 | 38,850 | 38,236 | 34,252 | 12,348 | 121 |
Acquisition costs | ||||||
- | - | - | 386 | 2,975 | 8,640 | 137 |
Real estate taxes and insurance | ||||||
25,113 | 20,713 | 19,161 | 16,062 | 15,231 | 5,743 | 36 |
Property management fees | ||||||
5,388 | 4,382 | 4,330 | 3,983 | 3,501 | 1,289 | 13 |
Advisory and administrative fees | ||||||
7,500 | 7,474 | 7,419 | 6,802 | 5,565 | 1,653 | 22 |
Corporate general and administrative expenses | ||||||
9,613 | 7,808 | 6,275 | 4,014 | 2,455 | - | - |
Property general and administrative expenses | ||||||
6,765 | 6,134 | 6,159 | 5,877 | 5,401 | 2,091 | 15 |
Depreciation and amortization | ||||||
69,086 | 47,470 | 48,752 | 35,643 | 40,801 | 21,645 | 142 |
Total expenses | ||||||
166,157 | 129,805 | 130,946 | 111,003 | 110,181 | 53,409 | 486 |
Operating income before gain on sales of real estate | ||||||
14,909 | 16,792 | 13,289 | - | - | - | - |
Gain on sales of real estate | ||||||
127,684 | 13,742 | 78,365 | 25,932 | - | - | - |
Operating income | ||||||
142,593 | 30,534 | 91,654 | 21,845 | 7,477 | -10,259 | -170 |
Interest expense | ||||||
37,385 | 28,572 | 29,576 | 20,167 | 17,817 | 7,274 | - |
Loss on extinguishment of debt and modification costs | ||||||
2,869 | 3,576 | 5,719 | 1,722 | 652 | - | - |
Casualty losses | ||||||
3,488 | - | - | - | - | - | - |
Miscellaneous income | ||||||
587 | - | - | - | - | - | - |
Net income (loss) | ||||||
99,438 | -1,614 | 56,359 | 25,888 | -10,992 | -17,533 | -170 |
Net income attributable to noncontrolling interests | ||||||
- | - | 2,836 | 4,006 | -160 | -1,932 | - |
Net income (loss) attributable to redeemable noncontrolling interests in the Operating Partnership | ||||||
298 | -5 | 149 | - | - | - | - |
Net income (loss) attributable to common stockholders | ||||||
99,140 | -1,609 | 53,374 | 21,882 | -10,832 | -15,601 | -170 |
Other comprehensive loss | ||||||
Unrealized losses on interest rate derivatives | ||||||
-14,625 | 1,931 | 4,568 | 10,833 | -391 | -306 | - |
Total comprehensive loss | ||||||
84,813 | 317 | 60,927 | 36,721 | -11,383 | -17,839 | -170 |
Comprehensive income attributable to noncontrolling interests | ||||||
- | - | 2,720 | 5,090 | -93 | -1,962 | - |
Comprehensive loss attributable to redeemable noncontrolling interests in the Operating Partnership | ||||||
-254 | -1 | -166 | - | - | - | - |
Comprehensive loss attributable to common stockholders | ||||||
84,559 | 316 | 58,041 | 31,631 | -11,290 | -15,877 | -170 |
Weighted average common shares outstanding - basic | ||||||
24,116 | 21,189 | 21,057 | 21,232 | 21,294 | 21,294 | - |
Weighted average common shares outstanding - diluted | ||||||
24,593 | 21,667 | 21,399 | 21,314 | 21,294 | 21,294 | - |
Loss per share - basic and diluted (see Note 2) | ||||||
- | - | - | - | - | - | -0.01 |
Earnings (loss) per share - basic | ||||||
4.11 | -0.08 | 2.53 | 1.03 | -0.51 | -0.73 | - |
Earnings (loss) per share - diluted | ||||||
4.03 | -0.08 | 2.49 | 1.03 | -0.51 | -0.73 | - |
Weighted average common shares outstanding - basic and diluted | ||||||
- | - | - | - | - | - | 21 |
Dividends declared per common share | ||||||
- | - | - | 0.83 | 0.61 | - | - |