Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES:    
Lease revenue $ 7,830  
Lease revenue   $ 6,694
Other operating revenues 0 2,551
Total operating revenues 7,830 9,245
OPERATING EXPENSES:    
Depreciation and amortization 2,597 2,189
Property operating expenses 816 428
Base management fee 905 656
Administration fee 306 274
General and administrative expenses 550 553
Other operating expenses 0 2,359
Total operating expenses 5,174 6,459
Credits to fees from Adviser (569) 0
Total operating expenses, net of credits to fees 4,605 6,459
OTHER INCOME (EXPENSE):    
Other income 826 315
Interest expense (3,453) (2,832)
Dividends declared on Series A cumulative term preferred stock (458) (458)
Loss on dispositions of real estate assets, net (32) 0
Property and casualty loss 0 (129)
Total other expense, net (3,117) (3,104)
NET INCOME (LOSS) 108 (318)
Net (income) loss attributable to non-controlling interests (3) 21
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 105 (297)
Dividends declared on Series B cumulative redeemable preferred stock (601) 0
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (496) $ (297)
LOSS PER COMMON SHARE:    
Basic and diluted (in dollars per share) $ (0.03) $ (0.02)
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic and diluted (in shares) 18,028,826 13,957,732