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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income from rental operations    
Real estate rental income $ 27,618 $ 26,406
Total income from rental operations 29,229 28,029
Expenses from rental operations    
Interest 4,499 4,639
Depreciation and amortization 5,350 5,363
Real estate taxes 2,846 2,594
Property management fees 3,282 3,036
Utilities 2,794 2,498
Repairs and maintenance 4,537 4,958
Insurance 518 368
Loss on lease terminations   115
Total expenses from rental operations 23,826 23,571
Administration of REIT    
Administrative expenses 107 96
Advisory fees 718 696
Acquisition and disposition expenses   512
Trustee fees 20 13
Legal and accounting 310 186
Total Administration of REIT 1,155 1,503
Total expenses 24,981 25,074
Income from operations 4,248 2,955
Other income (expense)    
Equity in income of unconsolidated affiliates 157 212
Other income 106 25
Gain (Loss) on sale of real estate and non-real estate investments   (23)
Gain on sale of investment in equity method investee   3
Gain (Loss) on involuntary conversion 747 28
Total other income (expense) 1,010 245
Net income 5,258 3,200
Net income attributable to noncontrolling interest in operating partnership 3,537 2,228
Net (loss) attributable to noncontrolling interest in partially owned properties (19) (85)
Net income attributable to Sterling Real Estate Trust $ 1,740 $ 1,057
Net income per common share, basic and diluted $ 0.20 $ 0.13
Comprehensive income:    
Net income $ 5,258 $ 3,200
Other comprehensive gain (loss) - change in fair value of interest rate swaps 13 24
Comprehensive income 5,271 3,224
Comprehensive income attributable to noncontrolling interest 3,527 2,160
Comprehensive income attributable to Sterling Real Estate Trust 1,744 1,064
Tenant Reimbursements    
Income from rental operations    
Income from rental operations $ 1,611 $ 1,623