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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental revenues $ 28,145 $ 12,506 $ 72,111 $ 29,555
Expense recoveries 5,821 1,355 14,265 3,445
Interest income on real estate loans and other 904 300 2,661 640
Total revenues 34,870 14,161 89,037 33,640
Expenses:        
Interest expense 3,341 1,911 7,244 4,849
General and administrative 4,018 4,445 11,359 8,867
Operating expenses 7,966 2,531 20,979 6,367
Depreciation and amortization 12,476 4,413 31,067 10,565
Acquisition expenses 3,257 2,922 11,764 9,254
Impairment loss 0 250 0 250
Total expenses 31,058 16,472 82,413 40,152
Income (loss) before equity in income of unconsolidated entity, gain on sale of investment properties, and noncontrolling interests: 3,812 (2,311) 6,624 (6,512)
Equity in income of unconsolidated entity 26 26 78 69
Gain on sale of investment properties 145 34 130 34
Net income (loss) 3,983 (2,251) 6,832 (6,409)
Net (income) loss attributable to noncontrolling interests:        
Operating Partnership (200) 233 (333) 887
Partially owned properties (79) (76) (255) (226)
Net income (loss) attributable to controlling interest 3,704 (2,094) 6,244 (5,748)
Preferred distributions (300) 0 (791) 0
Numerator for earnings per share - basic $ 3,404 $ (2,094) $ 5,453 $ (5,748)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.05 $ (0.06) $ 0.08 $ (0.21)
Diluted (in dollars per share) $ 0.05 $ (0.06) $ 0.08 $ (0.21)
Weighted average common shares:        
Basic (in shares) 71,034,747 36,313,644 69,040,121 27,980,408
Diluted (in shares) 75,104,821 36,313,644 73,040,846 27,980,408
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.225 $ 0.225 $ 0.675 $ 0.675