Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES:    
Rental revenue $ 6,688 $ 5,748
Tenant recovery revenue 6 2
Other operating revenues 2,551 0
Total operating revenues 9,245 5,750
OPERATING EXPENSES:    
Depreciation and amortization 2,189 1,472
Property operating expenses 428 284
Acquisition-related expenses 134 9
Management fee [1] 656 394
Incentive fee [1] 0 350
Administration fee [1] 274 227
General and administrative expenses 419 410
Other operating expenses 2,359 0
Total operating expenses 6,459 3,146
OPERATING INCOME 2,786 2,604
OTHER INCOME (EXPENSE):    
Other income 315 184
Interest expense (2,832) (2,157)
Distributions attributable to mandatorily-redeemable preferred stock (458) (458)
Property and casualty loss (129) 0
Total other expense (3,104) (2,431)
NET (LOSS) INCOME (318) 173
Net loss (income) attributable to non-controlling interests 21 (21)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY $ (297) $ 152
(LOSS) EARNINGS PER COMMON SHARE:    
Basic and diluted (in dollars per share) $ (0.02) $ 0.01
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic and diluted (in shares) 13,957,732 10,395,736
[1] Refer to Note 6, “Related-Party Transactions,” for additional information.