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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Rental income $ 65,673 $ 53,511 $ 186,621 $ 156,575
Tenant recoveries 12,366 8,911 32,952 26,807
Other income 105 173 244 327
Total revenue 78,144 62,595 219,817 183,709
Expenses        
Property 15,401 11,258 42,312 35,672
General and administrative 8,380 7,603 25,090 26,373
Property acquisition costs 1,386 1,978 4,684 3,113
Depreciation and amortization 38,186 31,489 110,286 91,725
Loss on impairments 0 0 0 11,231
Loss on involuntary conversion 0 0 330 0
Other expenses 58 279 1,502 857
Total expenses 63,411 52,607 184,204 168,971
Other income (expense)        
Interest income 2 3 10 8
Interest expense (10,446) (10,504) (31,557) (31,841)
Loss on extinguishment of debt (13) 0 (15) (1,973)
Gain on the sales of rental property, net 17,563 643 19,225 21,589
Total other income (expense) 7,106 (9,858) (12,337) (12,217)
Net income 21,839 130 23,276 2,521
Less: income (loss) attributable to noncontrolling interest after preferred stock dividends 828 (190) 673 (424)
Net income attributable to STAG Industrial, Inc. 21,011 320 22,603 2,945
Less: preferred stock dividends 2,449 4,001 7,345 10,914
Less: amount allocated to participating securities 84 95 250 289
Net income (loss) attributable to common stockholders $ 18,478 $ (3,776) $ 15,008 $ (8,258)
Weighted average common shares outstanding — basic 92,786,852 71,130,848 87,632,167 68,984,670
Weighted average common shares outstanding — diluted 93,434,974 71,130,848 88,238,140 68,984,670
Net income (loss) per share — basic and diluted        
Net income (loss) per share attributable to common stockholders — basic $ 0.20 $ (0.05) $ 0.17 $ (0.12)
Net income (loss) per share attributable to common stockholders — diluted $ 0.20 $ (0.05) $ 0.17 $ (0.12)