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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income from rental operations      
Real estate rental income $ 101,885 $ 93,330 $ 68,706
Tenant reimbursements 6,178 3,852 2,230
Total income from rental operations 108,063 97,182 70,936
Expenses from rental operations      
Interest 18,366 17,141 12,958
Depreciation and amortization 22,145 19,574 13,575
Real estate taxes 9,524 7,852 5,320
Property management fees 10,852 9,617 6,511
Utilities 7,672 7,220 5,614
Repairs and maintenance 21,267 17,726 11,721
Insurance 1,375 2,292 1,647
Loss on lease terminations 299   58
Loss on impairment of property 0 412 0
Total expenses from rental operations 91,500 81,834 57,404
Administration of REIT      
Administrative expenses 360 338 281
Advisory fees 2,644 2,401 1,855
Acquisition and disposition expenses 2,081 2,323 4,201
Trustee fees 59 51 56
Legal and accounting 456 534 431
Total Administration of REIT 5,600 5,647 6,824
Total expenses 97,100 87,481 64,228
Income from operations 10,963 9,701 6,708
Other income (expense)      
Equity in income of unconsolidated affiliates 1,019 957 1,086
Other income 78 59 376
Gain (Loss) on sale of real estate investments (316) 470 69
Gain on change in control of real estate investments 550    
Gain on sale of investment in equity method investee 597    
Gain on sale of joint venture interest 597    
Gain (Loss) on involuntary conversion (34) 197 398
Gain on disposal of marketable securities     666
Total other income (expense) 1,894 1,683 2,595
Net income 12,857 11,384 9,303
Net income attributable to noncontrolling interest in operating partnership 9,034 7,684 6,715
Net (loss) income attributable to noncontrolling interest in partially owned properties (602) (586) 9
Net income attributable to Sterling Real Estate Trust $ 4,425 $ 4,286 2,579
Loss on extinguishment of debt     $ (18)
Net income per common share, basic and diluted $ 0.56 $ 0.59 $ 0.47
Comprehensive income:      
Net income $ 12,857 $ 11,384 $ 9,303
Other comprehensive gain - change in fair value of interest rate swaps 74 53 37
Comprehensive income 12,931 11,437 9,340
Comprehensive income attributable to noncontrolling interest 8,482 7,134 6,750
Comprehensive income attributable to Sterling Real Estate Trust $ 4,449 $ 4,303 $ 2,590