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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental revenues $ 42,196 $ 23,625 $ 77,051 $ 43,966
Expense recoveries 9,552 4,908 17,455 8,444
Interest income on real estate loans and other 1,468 1,150 2,844 1,757
Total revenues 53,216 29,683 97,350 54,167
Expenses:        
Interest expense 4,279 2,193 8,476 3,903
General and administrative 4,926 3,989 9,047 7,341
Operating expenses 13,798 7,304 24,835 13,013
Depreciation and amortization 19,799 10,351 35,809 18,591
Acquisition expenses 3,256 2,575 6,633 8,507
Total expenses 46,058 26,412 84,800 51,355
Income before equity in income of unconsolidated entity and loss on sale of investment property: 7,158 3,271 12,550 2,812
Equity in income of unconsolidated entity 26 26 58 52
Loss on sale of investment property 0 0 0 (15)
Net income 7,184 3,297 12,608 2,849
Net income attributable to noncontrolling interests:        
Operating Partnership (201) (157) (374) (133)
Partially owned properties (60) (144) (377) (176)
Net income attributable to controlling interest 6,923 2,996 11,857 2,540
Preferred distributions (437) (425) (985) (491)
Numerator for earnings per share - basic $ 6,486 $ 2,571 $ 10,872 $ 2,049
Net income per share:        
Basic (in dollars per share) $ 0.05 $ 0.04 $ 0.09 $ 0.03
Diluted (in dollars per share) $ 0.05 $ 0.04 $ 0.09 $ 0.03
Weighted average common shares:        
Basic (in shares) 131,481,329 70,376,959 117,092,668 68,026,278
Diluted (in shares) 135,944,722 74,267,283 121,575,247 71,862,249
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.225 $ 0.225 $ 0.45 $ 0.45