XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 8,451,571 $ 5,359,933 $ 16,832,899 $ 8,921,369
Operating expenses:        
Property operating expenses 5,006,050 2,994,900 10,004,490 4,652,792
Property operating expenses – affiliates 690,980 268,987 1,381,907 380,669
General and administrative 574,341 502,331 1,182,546 839,413
Depreciation 1,985,916 1,354,564 3,968,685 2,374,435
Intangible amortization expense 1,836,354 2,496,226 3,673,427 4,469,833
Acquisition expenses – affiliates   35,224   91,198
Other property acquisition expenses   104,954   269,881
Total operating expenses 10,093,641 7,757,186 20,211,055 13,078,221
Operating loss (1,642,070) (2,397,253) (3,378,156) (4,156,852)
Other income (expense):        
Interest expense (2,543,584) (1,402,831) (5,129,181) (2,306,013)
Interest expense – debt issuance costs (185,795) (245,845) (383,368) (324,382)
Other (27,604) (40,547) (8,757) (32,849)
Net loss (4,399,053) (4,086,476) (8,899,462) (6,820,096)
Less: Distributions to preferred unitholders in our Operating Partnership (243,810) (3,669) (482,050) (3,669)
Less: Accretion of preferred equity costs (11,648) (637) (23,297) (637)
Net loss attributable to the noncontrolling interests in our Operating Partnership 10,336 9,687 19,853 16,962
Net loss attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (4,644,175) (4,081,095) (9,384,956) (6,807,440)
Student Housing [Member]        
Revenues:        
Total revenues 2,035,523 2,280,576 4,059,475 4,574,290
Operating expenses:        
Property operating expenses 872,611 964,634 1,857,611 1,887,815
Property operating expenses – affiliates 236,112 154,151 474,361 240,333
Depreciation 828,355 814,202 1,651,404 1,620,493
Intangible amortization expense   1,615,801   3,231,600
Other income (expense):        
Interest expense (535,350) (535,350) (1,070,700) (1,070,700)
Interest expense – debt issuance costs (26,495) (17,032) (52,991) (34,063)
Other (139)   1,862  
Net loss (463,539) (1,820,594) (1,045,730) (3,510,714)
Senior Housing [Member]        
Revenues:        
Total revenues 6,416,048 3,079,357 12,773,424 4,347,079
Operating expenses:        
Property operating expenses 4,133,439 2,030,266 8,146,879 2,764,977
Property operating expenses – affiliates 454,868 114,836 907,546 140,336
Depreciation 1,154,448 540,362 2,311,230 752,004
Intangible amortization expense 1,836,354 880,425 3,673,427 1,238,233
Acquisition expenses – affiliates   35,224   91,198
Other property acquisition expenses   104,954   269,881
Other income (expense):        
Interest expense (2,008,234) (867,481) (4,058,481) (1,235,313)
Interest expense – debt issuance costs (159,300) (228,813) (330,377) (290,319)
Other (823) (27,089) (1,785) (27,089)
Net loss $ (3,331,418) $ (1,750,093) $ (6,656,301) $ (2,462,271)
Class A Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.40) $ (0.38) $ (0.82) $ (0.66)
Weighted average shares outstanding – basic and diluted 11,384,828 10,828,562 11,293,231 10,269,918
Class T Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.40)   $ (0.82)  
Weighted average shares outstanding – basic and diluted 64,133   51,875  
Class W Common Stock [Member]        
Other income (expense):        
Net loss per share – basic and diluted $ (0.40)   $ (0.82)  
Weighted average shares outstanding – basic and diluted 77,735   70,238