XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Rental income $ 18,939 $ 15,718 $ 54,197 $ 41,977
Other operating interest 405 541 1,363 2,039
Revenues 19,344 16,259 55,560 44,016
EXPENSES        
Property operating 3,563 3,327 10,129 9,395
General and administrative 2,211 2,041 6,322 5,602
Depreciation and amortization 6,295 5,774 18,473 16,319
EXPENSES 12,069 11,142 34,924 31,316
Loss on sale of real estate 0 0 (313) 0
Interest expense (2,064) (2,483) (6,496) (6,788)
Interest and other income, net 0 13 10 251
OTHER INCOME (EXPENSE) (2,064) (2,470) (6,799) (6,537)
NET INCOME $ 5,211 $ 2,647 $ 13,837 $ 6,163
NET INCOME PER COMMON SHARE:        
Net income per common share – Basic (in dollars per share) $ 0.22 $ 0.12 $ 0.59 $ 0.28
Net income per common share – Diluted (in dollars per share) $ 0.22 $ 0.12 $ 0.59 $ 0.28
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC (in shares) 21,866,163 18,832,902 21,290,228 18,347,630
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED (in shares) 21,866,163 18,832,902 21,290,228 18,347,630