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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Rental income $ 6,618 $ 3,673
Tenant reimbursements 1,128 957
Mortgage interest 261 536
Revenues 8,007 5,166
EXPENSES    
Property operating 1,738 1,049
General and administrative 770 806
Depreciation and amortization 3,924 2,815
Bad debts 67 0
Expenses 6,499 4,670
OTHER INCOME (EXPENSE)    
Interest expense (597) (380)
Interest and other income, net 2 0
Other Income (Expense) (595) (380)
NET INCOME $ 913 $ 116
NET INCOME PER COMMON SHARE:    
Net income per common share – Basic (in dollars per share) $ 0.07 $ 0.02
Net income per common share – Diluted (in dollars per share) $ 0.07 $ 0.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC 12,686,183 7,511,183
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED 12,819,496 7,562,644
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.3875 $ 0.3775