Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.4.0.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues    
Rental revenue $ 20,657 $ 19,288
Tenant recovery revenue 485 324
Interest income from mortgage note receivable 385 268
Total operating revenues 21,527 19,880
Operating expenses    
Depreciation and amortization 9,133 8,207
Property operating expenses 1,610 962
Acquisition related expenses 9 196
Base management fee [1] 861 852
Incentive fee [1] 618 1,673
Administration fee [1] 404 362
General and administrative 579 690
Impairment charge 43  
Total operating expenses before credit to incentive fee 13,257 12,942
Credit to incentive fee 0 (1,185) [1]
Total operating expenses 13,257 11,757
Other (expense) income    
Interest expense (6,731) (6,771)
Other income   28
Total other expense (7,417) (7,429)
Net income 853 694
Distributions attributable to senior common stock (252) (224)
Net loss attributable to common stockholders $ (426) $ (553)
Loss per weighted average share of common stock - basic & diluted Loss attributable to common shareholders $ (0.02) $ (0.03)
Weighted average shares of common stock outstanding    
Basic 22,545,285 20,210,975
Diluted 22,545,285 20,210,975
Earnings per weighted average share of senior common stock $ 0.26 $ 0.26
Weighted average shares of senior common stock outstanding - basic 964,036 866,201
Series C Preferred Stock [Member]    
Other (expense) income    
Distributions attributable to Series C mandatorily redeemable preferred stock $ (686) $ (686)
Series A and B Preferred Stock [Member]    
Other (expense) income    
Distributions attributable to Series A and B preferred stock $ (1,027) $ (1,023)
[1] Refer to Note 2 "Related-Party Transactions"