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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income $ 50,756 $ 47,836 $ 154,003 $ 142,502
Operating expense reimbursements 2,495 2,416 7,398 6,787
Total revenues 53,251 50,252 161,401 149,289
Expenses:        
Property operating 4,201 3,329 13,390 10,695
Operating fees to related parties 4,862 4,902 14,638 10,211
Acquisition and transaction related 2,479 4,680 2,377 5,977
Listing fees 0 0 0 18,503
Vesting of Class B Units 0 0 0 14,480
Change in fair value of listing note 0 (1,050) 0 3,380
General and administrative 1,714 2,040 5,298 5,734
Equity based compensation 1,293 1,917 2,407 2,435
Depreciation and amortization 23,482 22,949 71,050 66,152
Total expenses 38,031 38,767 109,160 137,567
Operating income 15,220 11,485 52,241 11,722
Interest expense (8,914) (9,041) (30,117) (24,799)
Income from investments 0 8 0 15
Realized losses on investment securities 0 (66) 0 (66)
Gains on dispositions of real estate investments 1,320 0 1,320 0
Gains on derivative instruments 375 2,310 3,856 2,785
Unrealized gains on undesignated foreign currency advances and other hedge ineffectiveness 1,459 1,505 5,613 2,445
Unrealized losses on non-functional foreign currency advances not designated as net investment hedges 0 0 0 (2,935)
Other income (expense) 4 (10) 21 15
Total other expense, net (5,756) (5,294) (19,307) (22,540)
Net income (loss) before income tax 9,464 6,191 32,934 (10,818)
Income tax expense (448) (703) (1,428) (3,646)
Net income (loss) 9,016 5,488 31,506 (14,464)
Non-controlling interest (73) (56) (312) 87
Net income (loss) attributable to stockholders $ 8,943 $ 5,432 $ 31,194 $ (14,377)
Earnings Per Share [Abstract]        
Basic and diluted net income per share attributable to stockholders (usd per share) $ 0.05 $ 0.03 $ 0.18 $ (0.08)
Basic and diluted weighted average shares outstanding (shares) 169,390,187 168,948,345 169,092,853 176,124,355