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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenue $ 29,199 $ 24,699 $ 89,319 $ 69,167
Revenues 29,819 25,508 91,478 70,800
Expenses:        
Property operating expenses 8,566 6,450 23,779 17,155
Real property taxes 3,691 2,751 10,662 8,047
Property management fees 1,185 887 3,734 2,531
Depreciation and amortization 15,190 9,696 45,876 28,765
Acquisition related expenses 78 83 369 100
Asset management fees 2,974 2,177 8,512 5,465
Performance participation allocation 0 1,053 0 3,650
General and administrative expenses 1,046 972 3,370 2,767
Total expenses 32,730 24,069 96,302 68,480
Other income (expenses):        
Gain (loss) on derivative instruments (867) (97) 7,602 (1,284)
Gain (loss) on investments in real estate-related securities 866 1,199 (3,736) 2,527
Gain on sale of real estate 39 0 130,140 0
Foreign currency gains (losses) 283 (1,186) (862) (1,522)
Interest expense (5,455) (4,257) (15,850) (12,772)
Interest and other income 440 624 1,152 993
Income (loss) before benefit (provision) for income taxes (7,605) (2,278) 113,622 (9,738)
Benefit (provision) for income taxes 594 505 2,432 516
Provision for income taxes related to sale of real estate 0 0 (7,773) 0
Net income (loss) (7,011) (1,773) 108,281 (9,222)
Net (income) loss attributable to noncontrolling interests (3) (3) (10) (10)
Net income (loss) attributable to common stockholders $ (7,014) $ (1,776) $ 108,271 $ (9,232)
Basic and diluted income (loss) per common share (in dollars per share) $ (0.07) $ (0.03) $ 1.15 $ (0.16)
Weighted average number of common shares outstanding, shares (in shares) 97,520 68,913 93,769 57,732
Comprehensive income (loss):        
Net income (loss) $ (7,011) $ (1,773) $ 108,281 $ (9,222)
Other comprehensive income (loss):        
Foreign currency translation adjustment 14,072 (9,265) 3,942 (9,194)
Comprehensive income (loss) 7,061 (11,038) 112,223 (18,416)
Comprehensive (income) loss attributable to noncontrolling interests (3) (3) (10) (10)
Comprehensive income (loss) attributable to common stockholders 7,058 (11,041) 112,213 (18,426)
Other revenue        
Revenues:        
Revenues $ 620 $ 809 $ 2,159 $ 1,633