XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Property revenues $ 5,074,104 $ 4,302,301
Investment income 9,157,234 7,979,784
Contingent interest income 174,396  
Other interest income 514,125 224,540
Gain on sale of securities 8,097  
Total revenues 14,927,956 12,506,625
Expenses:    
Real estate operating (exclusive of items shown below) 2,636,677 2,471,030
Depreciation and amortization 2,124,898 1,454,179
Amortization of deferred financing costs 532,187 338,599
Interest 4,770,135 3,936,176
General and administrative 2,332,371 1,807,481
Total expenses 12,396,268 10,007,465
Income from continuing operations 2,531,688 2,499,160
Income from discontinued operations   24,428
Net income 2,531,688 2,523,588
Net loss attributable to noncontrolling interest (12) (891)
Net income - America First Multifamily Investors, L.P. 2,531,700 2,524,479
Net income 2,531,688 2,523,588
Redeemable Series A preferred unit distribution and accretion (1,684)  
Net income available to Partners and noncontrolling interest 2,530,004 2,523,588
Net income (loss) available to Partners and noncontrolling interest allocated to:    
General Partner 67,155 26,706
Limited Partners - Unitholders 2,462,861 2,643,939
Unallocated loss of Consolidated VIEs   (146,166)
Net loss attributable to noncontrolling interest (12) (891)
Net income available to Partners and noncontrolling interest $ 2,530,004 $ 2,523,588
Unitholdersʼ interest in net income per unit (basic and diluted):    
Income from continuing operations $ 0.04 $ 0.04
Net income, basic and diluted, per unit 0.04 0.04
Distributions declared, per unit $ 0.125 $ 0.125
Weighted average number of units outstanding, basic and diluted 60,252,928 60,252,928