| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
REVENUES | ||||||||
Rental revenues and tenant expense reimbursements | ||||||||
171,022 | 151,657 | 132,484 | - | - | - | - | - | - |
Rental revenues | ||||||||
- | - | - | 85,018 | 75,899 | 54,128 | 35,871 | 23,057 | 10,797 |
Tenant expense reimbursements | ||||||||
- | - | - | 23,400 | 19,996 | 14,747 | 9,658 | 6,278 | 3,385 |
Total revenues | ||||||||
171,022 | 151,657 | 132,484 | 108,418 | 95,895 | 68,875 | 45,529 | 29,335 | 14,182 |
COSTS AND EXPENSES | ||||||||
Property operating expenses | ||||||||
44,201 | 39,988 | 35,874 | 30,325 | 26,655 | 19,161 | 12,771 | 8,562 | 5,702 |
Depreciation and amortization | ||||||||
44,015 | 40,816 | 37,870 | 34,399 | 36,026 | 19,170 | 12,481 | 8,728 | 4,285 |
General and administrative | ||||||||
23,924 | 21,503 | 19,681 | 19,319 | 14,846 | 9,496 | 8,423 | 6,403 | 5,407 |
Acquisition costs | ||||||||
45 | 124 | 10 | 3,129 | 4,713 | 3,740 | 3,298 | 2,238 | 1,981 |
Total costs and expenses | ||||||||
112,185 | 102,431 | 93,435 | 87,172 | 82,240 | 51,567 | 36,973 | 25,931 | 17,375 |
OTHER INCOME (EXPENSE) | ||||||||
Interest and other income | ||||||||
3,815 | 3,664 | 169 | 24 | 18 | 1 | 109 | 37 | -2 |
Interest expense, including amortization | ||||||||
16,338 | 18,211 | 16,777 | 13,053 | 9,639 | 6,591 | 6,214 | 5,472 | 2,612 |
Income from continuing operations | ||||||||
- | - | - | - | - | - | 2,451 | -2,031 | -5,807 |
Income from discontinued operations | ||||||||
- | - | - | - | - | - | 1,412 | 2,059 | 2,078 |
Gain on sales of real estate investments | ||||||||
9,391 | 28,610 | 30,654 | 7,140 | 10,567 | - | 2,778 | 4,037 | - |
Loss on extinguishment of debt | ||||||||
-189 | 0 | 0 | -239 | - | - | - | - | - |
Total other income (expense) | ||||||||
-3,321 | 14,063 | 14,046 | -6,128 | 946 | -6,590 | -6,105 | -5,435 | -2,614 |
Income from discontinued operations | ||||||||
- | - | - | - | - | - | 4,190 | 6,096 | 2,078 |
Net income | ||||||||
55,516 | 63,289 | 53,095 | 15,118 | 14,601 | 10,718 | 6,641 | 2,461 | -3,729 |
Redemption of preferred stock | ||||||||
0 | 0 | 1,767 | 0 | - | - | - | - | - |
Preferred stock dividends | ||||||||
0 | 0 | 1,961 | 3,565 | 3,565 | 3,565 | 3,565 | 1,604 | - |
Net income, net of redemption of preferred stock and preferred stock dividends | ||||||||
55,516 | 63,289 | 49,367 | 11,553 | - | - | - | - | - |
Allocation to participating securities | ||||||||
351 | 401 | 352 | 95 | 78 | 27 | 20 | 24 | - |
Net income | ||||||||
- | - | - | - | - | - | - | 4,065 | -3,729 |
Net income available to common stockholders | ||||||||
55,165 | 62,888 | 49,015 | 11,458 | 11,036 | 7,153 | 3,076 | 2,437 | -3,729 |
Net income available to common stockholders, net of redemption of preferred stock and preferred stock dividends | ||||||||
- | - | - | - | 10,958 | 7,126 | 3,056 | - | - |
EARNINGS PER COMMON SHARE - BASIC AND DILUTED: | ||||||||
Net income available to common stockholders - basic (in dollars per share) | ||||||||
0.86 | 1.09 | 0.95 | - | - | - | - | - | - |
Net income available to common stockholders - diluted (in dollars per share) | ||||||||
0.85 | 1.09 | 0.95 | - | - | - | - | - | - |
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | ||||||||
64,428 | 57,486 | 51,357 | - | - | - | - | - | - |
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | ||||||||
64,722 | 57,486 | 51,357 | - | - | - | - | - | - |
Income (loss) from continuing operations available to common stockholders, net of preferred stock dividends | ||||||||
- | - | - | - | - | - | -0.05 | -0.28 | -0.64 |
Income from discontinued operations | ||||||||
- | - | - | - | - | - | 0.20 | 0.47 | 0.23 |
Net income available to common stockholders, net of redemption of preferred stock and preferred stock dividends (in dollars per share) | ||||||||
- | - | - | 0.26 | 0.26 | 0.23 | 0.15 | 0.19 | -0.41 |
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | ||||||||
- | - | - | 44,725 | 42,861 | 30,433 | 21,011 | 13,135 | 9,161 |