Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2016
Jun. 30, 2017
Revenues        
Rental income $ 1,788,881 $ 1,104,832 $ 1,998,768 $ 3,485,879
Other property related income 57,415 40,453 71,745 110,042
Total revenues 1,846,296 1,145,285 2,070,513 3,595,921
Expenses        
Property operations 723,462 489,442 924,239 1,412,946
General and administrative 438,446 354,207 661,453 849,000
Depreciation and amortization 452,685 189,008 358,975 901,920
Business development and property acquisition costs 8,358 154,798 159,033 14,190
Total expenses 1,622,951 1,187,455 2,103,700 3,178,056
Operating income (loss) 223,345 (42,170) (33,187) 417,865
Other income (expense)        
Dividend and interest income 14,953 46,516 86,654 26,374
Interest expense (220,209) (16,652) (16,652) (440,417)
Total other income (expense), net (205,256) 29,864 70,002 (414,043)
Net income (loss) $ 18,089 $ (12,306) $ 36,815 $ 3,822
Earnings per share - basic and diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average shares outstanding - basic and diluted 7,619,469 7,416,766 7,416,766 7,619,469