XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Rental revenue $ 30,774 $ 20,093
Interest on loans and direct financing lease receivables 326 70
Other revenue 7 4
Total revenues 31,107 20,167
Expenses:    
Interest (including $2,079 to related parties during the three months ended March 31, 2018) 7,089 8,276
General and administrative 4,188 3,356
Property expenses 1,247 347
Depreciation and amortization 9,120 6,468
Provision for impairment of real estate 1,440 1,849
Total expenses 23,084 20,296
Other operating income:    
Gain on dispositions of real estate, net 676 1,232
Income from operations 8,699 1,103
Other income:    
Interest 91 36
Income before income tax expense 8,790 1,139
Income tax expense 67 30
Net income 8,723 1,109
Net income attributable to non-controlling interests (2,594)  
Net income attributable to stockholders and members 6,129 1,109
Comprehensive income attributable to stockholders and members $ 6,129 $ 1,109
Basic weighted average shares outstanding 45,240,247  
Basic net income per share $ 0.13  
Diluted weighted average shares outstanding 64,640,054  
Diluted net income per share $ 0.13