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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental revenue $ 32,930 $ 29,951 $ 63,632 $ 59,427
Other income 190 203 434 378
Total revenues 33,120 30,154 64,066 59,805
Expenses:        
Real estate operating expenses - including $990 and $851 to related parties for the three months ended and $1,917 and $1,687 for the six months ended 16,100 14,459 30,914 28,657
Interest expense 9,739 8,786 18,508 17,443
General and administrative - including $155 and $160 to related parties for the three months ended and $297 and $306 for the six months ended 2,481 2,452 5,025 4,905
Depreciation 10,347 10,200 19,964 19,440
Total expenses 38,667 35,897 74,411 70,445
Total revenues less total expenses (5,547) (5,743) (10,345) (10,640)
Equity in loss of unconsolidated joint ventures (161) (127) (384) (190)
Gain on sale of real estate 0 0 0 51,981
Gain on insurance recoveries 517 0 517 3,227
Loss on extinguishment of debt 0 0 0 (593)
(Loss) income from continuing operations (5,191) (5,870) (10,212) 43,785
Income tax provision (benefit) 59 101 121 (152)
Net (loss) income from continuing operations, net of taxes (5,250) (5,971) (10,333) 43,937
Net loss (income) attributable to non-controlling interests 933 1,282 1,769 (23,404)
Net (loss) income attributable to common stockholders $ (4,317) $ (4,689) $ (8,564) $ 20,533
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 15,900,316 14,411,940 15,893,443 14,327,477
Diluted (in shares) 15,900,316 14,411,940 15,893,443 14,527,477
Per share amounts attributable to common stockholders:        
Basic (in dollars per share) $ (0.27) $ (0.33) $ (0.54) $ 1.43
Diluted (in dollars per share) $ (0.27) $ (0.33) $ (0.54) $ 1.41