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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental income $ 15,571 $ 14,398 $ 31,139 $ 28,715
Total revenues 15,571 14,398 31,139 28,715
Operating Expenses:        
Property operating expenses 3,252 2,962 6,894 5,927
General and administrative 3,155 2,625 4,948 4,516
Depreciation and amortization 3,310 3,169 6,618 6,339
Total operating expenses 9,717 8,756 18,460 16,782
Operating income 5,854 5,642 12,679 11,933
Interest expense (4,292) (4,342) (8,583) (8,669)
Equity in earnings of unconsolidated affiliate 30 33 61 56
Other income (loss) 73 (7) 80 13
Net income 1,665 1,326 4,237 3,333
Less: Net income attributable to noncontrolling interest 535 421 1,380 1,080
Net income attributable to common stockholders $ 1,130 $ 905 $ 2,857 $ 2,253
Net income per common share attributable to common stockholders - basic and diluted earnings per share $ 0.08 $ 0.07 $ 0.21 $ 0.17
Weighted average common shares outstanding – basic 13,661,058 13,564,370 13,644,233 13,551,113
Weighted average common shares outstanding – diluted 13,686,907 13,601,818 13,670,082 13,588,561