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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income:    
Rental income $ 24,412 $ 22,586
Tenant recovery income 7,137 6,708
Other property income 58 85
Total income 31,607 29,379
Cost and Expenses:    
Property operating expenses 5,454 5,088
Real estate tax expense 4,169 3,537
General and administrative expenses 1,099 1,423
Acquisition related costs 71 161
Business management fee 2,259 2,049
Depreciation and amortization 14,585 16,085
Total expenses 27,637 28,343
Operating income 3,970 1,036
Interest expense (5,801) (5,378)
Interest and other income 27 101
Net loss $ (1,804) $ (4,241)
Net loss per common share, basic and diluted $ (0.02) $ (0.05)
Weighted average number of common shares outstanding, basic and diluted 88,570,899 86,635,010
Comprehensive loss:    
Net loss $ (1,804) $ (4,241)
Unrealized gain (loss) on derivatives 486 (6,626)
Reclassification adjustment for amounts included in net loss 832 1,000
Comprehensive loss $ (486) $ (9,867)