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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income $ 21,846 $ 19,837 $ 43,937 $ 38,210
Other operating income 801 1,509 1,831 2,902
Interest income from real estate debt securities 0 0 0 369
Dividend income from real estate equity securities 874 343 2,353 2,119
Total revenues 23,521 21,689 48,121 43,600
Expenses:        
Operating, maintenance, and management costs 6,799 6,826 14,370 13,098
Real estate taxes and insurance 3,351 3,301 6,779 6,279
Asset management fees to affiliate 2,336 1,971 4,441 3,861
General and administrative expenses 1,789 2,015 4,337 3,548
Foreign currency transaction loss (gain), net 2,213 2,474 (12,783) 5,290
Depreciation and amortization 8,964 8,357 17,947 16,037
Interest expense 5,985 7,249 12,781 14,417
Total expenses 31,437 32,193 47,872 62,530
Other income (loss):        
Income from unconsolidated joint venture 0 0 52 0
Equity in income (loss) of unconsolidated entities 665 (215) 993 7,096
Casualty-related gain (loss) 51 (506) 51 (506)
Other interest income 7 636 277 1,327
Gain (loss) on real estate equity securities 11,360 4,294 (15,094) 15,459
Subordinated performance fee due upon termination to affiliate (307) 0 (307) 0
(Loss) gain on sale of real estate 0 (6) 0 7,569
Loss on extinguishment of debt 0 0 0 (856)
Total other income (loss), net 11,776 4,203 (14,028) 30,089
Net income (loss) 3,860 (6,301) (13,779) 11,159
Net loss (income) attributable to noncontrolling interests 40 52 72 (627)
Preferred stock dividends (232) 0 (597) 0
Net income (loss) attributable to common stockholders $ 3,668 $ (6,249) $ (14,304) $ 10,532
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.05 $ (0.09) $ (0.21) $ 0.16
Weighted-average number of common shares outstanding, basic and diluted (in shares) 69,258,653 66,559,771 67,650,215 66,685,447