XML 69 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental income $ 26,104 $ 10,133 $ 53,275 $ 17,807
Operating expense reimbursements and other revenue 9,845 772 16,266 1,425
Total revenues 35,949 10,905 69,541 19,232
Operating expenses:        
Property operating 14,079 2,448 28,084 4,185
Operating fees to affiliates 2,274 0 2,274 0
Acquisition and transaction related 11,577 (2,434) 11,646 366
Vesting of asset management fees 11,500 0 11,500 0
Fair value of listing promote 38,100 0 38,100 0
General and administrative 876 191 2,221 340
Equity-based compensation 1,882 13 1,898 24
Depreciation and amortization 23,463 5,986 47,717 10,272
Total operating expenses 103,751 6,204 143,440 15,187
Operating income (loss) (67,802) 4,701 (73,899) 4,045
Other income (expenses):        
Interest expense (4,813) (2,694) (8,752) (4,840)
Income from unconsolidated joint venture 4,189 0 5,446 0
Income from preferred equity investment, investment securities and interest income 677 1 1,301 1
Gain (loss) on derivative instruments 1 4 1 4
Total other income (expenses) 54 (2,689) (2,004) (4,835)
Net income (loss) (67,748) 2,012 (75,903) (790)
Net loss attributable to non-controlling interests 511 7 510 15
Net income (loss) attributable to stockholders (67,237) 2,019 (75,393) (775)
Other comprehensive income (loss):        
Designated derivatives, fair value adjustment (1,035) 1,955 (1,161) 2,133
Unrealized gain (loss) on investment securities 204 (9) 328 (9)
Comprehensive income (loss) attributable to stockholders $ (68,068) $ 3,965 $ (76,226) $ 1,349
Basic net income (loss) per share attributable to stockholders (in dollars per share) $ (0.40) $ 0.05 $ (0.44) $ (0.02)
Diluted net income (loss) per share attributable to stockholders (in dollars per share) $ (0.40) $ 0.04 $ (0.44) $ (0.02)