Revenues: | |
Rental income | 33.75M |
Tenant recoveries | 14.9M |
Other property income | 432K |
Fee income from unconsolidated joint ventures | 1.47M |
Total revenues | 50.55M |
Expenses: | |
Property operating expenses | 7.46M |
Real estate tax expense | 9.86M |
Depreciation and amortization | 18.74M |
Provision for asset impairment | 0 |
General and administrative expenses | 10.99M |
Total expenses | 47.05M |
Operating income (loss) | 3.51M |
Other income | 1.01M |
Loss from change in control of investment properties | |
Gain on sale of joint venture interest | 156K |
Interest expense | -7.41M |
Loss before income tax benefit (expense) of taxable REIT subsidiaries, equity in loss of unconsolidated joint ventures and discontinued operations | -158K |
Income tax benefit (expense) of taxable REIT subsidiaries | -88K |
Equity in loss of unconsolidated joint ventures | 1.86M |
Loss from continuing operations | 1.62M |
Income from discontinued operations | 0 |
Net loss | 1.62M |
Less: Net income attributable to the noncontrolling interest | 38K |
Net loss available to common stockholders | 1.66M |
Other comprehensive expense: | |
Unrealized gain (loss) on investment securities | |
Reversal of unrealized gain to realized gain on investment securities | |
Unrealized gain (loss) on derivative instruments | |
Comprehensive loss | -1.3M |
Basic and diluted earnings available to common shares per weighted average common share: | |
Loss from continuing operations - basic (in dollars per share) | |
Income from discontinued operations - basic (in dollars per share) | |
Net loss available to common stockholders per weighted average common share - basic (in dollars per share) | |
Loss from continuing operations - diluted (in dollars per share) | |
Income from discontinued operations - diluted (in dollars per share) | |
Net loss available to common stockholders per weighted average common share - diluted (in dollars per share) | |
Weighted average number of common shares outstanding - basic (in shares) | -200.03M |
Weighted average number of common shares outstanding - diluted (in shares) | -200.87M |