Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES:    
Rental revenue $ 5,748 $ 3,680
Tenant recovery revenue 2 3
Total operating revenues 5,750 3,683
OPERATING EXPENSES:    
Depreciation and amortization 1,472 977
Property operating expenses 248 213
Acquisition-related expenses 9 95
Management fee [1] 394 387
Incentive fee [1] 350 0
Administration fee [1] 227 212
General and administrative expenses 446 399
Total operating expenses 3,146 2,283
OPERATING INCOME 2,604 1,400
OTHER INCOME (EXPENSE):    
Other income 184 95
Interest expense (2,157) (1,255)
Distributions attributable to mandatorily-redeemable preferred stock (458) 0
Total other expense (2,431) (1,160)
NET INCOME 173 240
Less net income attributable to non-controlling interests (21) (6)
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 152 $ 234
EARNINGS PER COMMON SHARE:    
Basic and diluted (in dollars per share) $ 0.01 $ 0.02
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic and diluted (in shares) 10,395,736 9,992,941
[1] Refer to Note 6, “Related-Party Transactions,” for additional information.