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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income from rental operations    
Real estate rental income $ 93,330 $ 68,706
Tenant reimbursements 3,852 2,230
Total income from rental operations 97,182 70,936
Expenses from rental operations    
Interest 16,475 12,495
Depreciation and amortization 20,240 14,038
Real estate taxes 7,852 5,320
Property management fees 9,617 6,511
Utilities 7,220 5,614
Repairs and maintenance 17,726 11,721
Insurance 2,292 1,647
Loss on lease termination   58
Loss on impairment of property 412 0
Total expenses from rental operations 81,834 57,404
Administration of REIT    
Administrative expenses 338 281
Advisory fees 2,401 1,855
Acquisition and disposition expenses 2,323 4,201
Trustee fees 51 56
Legal and accounting 534 431
Total Administration of REIT 5,647 6,824
Total expenses 87,481 64,228
Income from operations 9,701 6,708
Other income (expense)    
Equity in income of unconsolidated affiliates 957 1,086
Dividend and interest income 59 376
Gain on sale of real estate investments 470 69
Gain on involuntary conversion 197 398
Gain on disposal of marketable securities   666
Total other income 1,683 2,595
Net income 11,384 9,303
Net income attributable to noncontrolling interest in operating partnership 7,684 6,715
Net income attributable to noncontrolling interest in partially owned properties (586) 9
Net income attributable to Sterling Real Estate Trust $ 4,286 2,579
Loss on extinguishment of debt   $ (18)
Net income per common share, basic and diluted $ 0.59 $ 0.47
Comprehensive income:    
Net income $ 11,384 $ 9,303
Other comprehensive income - change in fair value of interest rate swaps 53 37
Comprehensive income 11,437 9,340
Comprehensive income attributable to noncontrolling interest 7,134 6,750
Comprehensive income attributable to Sterling Real Estate Trust $ 4,303 $ 2,590