Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Revenues ($000)
Interest Income 135 659 1,075 405 429
Rental Revenue 57,870 118,395 118,855 125,959 104,437
Operating RE Revenue 0 0 0 0 0
Partnership Income 610 1,276 2,091 0 0
Property Management Revenue 311 856 1,008 NA 0
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 0 0 0 0
Other Noninterest Income 0 0 (20) 5 0
Revenue 58,926 121,186 123,009 126,369 104,866
Expenses ($000)
Interest Expense 13,161 26,285 25,177 23,651 19,239
Rental Operating Expense 18,913 36,904 37,431 42,110 34,092
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 13,818 26,468 25,401 27,022 22,232
Provision for Loan Losses 0 0 0 0 0
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 123 272 278 218 225
General & Administrative Expense 9,744 21,661 20,747 22,324 21,821
Property Acquisition Fees 0 0 0 1,625 2,101
Asset Writedowns 432 0 0 0 0
Other Nonrecurring Expense 0 0 2,534 0 0
Other Expense 0 0 0 278 NA
Expense 56,191 111,590 111,568 117,228 99,710
Net Income ($000)
Net Income before Gain on Sale of Real Estate 2,735 9,596 11,441 9,141 5,156
Gain on Sale of Real Estate (486) 14,438 10,887 (167) 3,261
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 183 400 347 386 289
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 2,066 23,634 21,981 8,588 8,128
Extraordinary Items 0 594 0 0 0
Net Income 2,066 24,228 21,981 8,588 8,128
Net Income Attributable to Noncontrolling Int 44 545 550 254 197
Net Income Attributable to Parent 2,022 23,683 21,431 8,334 7,931
Preferred Dividends 0 0 0 0 0
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 2,022 23,642 21,130 7,878 7,311
FFO 17,678 38,026 39,398 35,045 27,031
Adjusted FFO NA NA NA NA NA
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.05 0.57 0.52 0.22 0.26
FFO/ Share 0.41 0.90 0.94 0.93 0.91
AFFO per Share NA NA NA NA NA
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 0.39 1.14 1.14 1.14 1.14
Regular Dividends Declared 0.21 1.14 1.14 1.14 1.14
Total Dividends Paid 0.39 1.14 1.14 1.14 1.14
Common Dividends Declared per Share 0.21 1.14 1.14 1.14 1.14
Avg Diluted Shares Out(actual) 42,734,000 41,462,000 40,612,000 36,255,000 28,383,000
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.