Financial Statements

As Reported Financials

Source Document Currency Code (in units) 2017 Q3 YTD 9/30/2017 USD 2016 Y 9/30/2017 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2015 USD 2013 Y 9/30/2014 USD
Source Document Currency Code 2017 Q3 YTD 9/30/2017 USD 2016 Y 9/30/2017 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2015 USD 2013 Y 9/30/2014 USD

ASSETS

Investments in single-family residential properties

Land 10,429,647 8,579,550 6,761,350 5,422,647 2,514,009
Buildings and improvements 45,612,136 39,419,038 31,744,657 23,961,608 9,685,361
Total before accumulated depreciation 56,041,783 47,998,588 38,506,007 29,384,255 12,199,370
Accumulated depreciation (4,114,171) (2,853,049) (1,630,873) (592,114) (73,950)
Investments in single-family residential properties, net 51,927,612 45,145,539 36,875,134 28,792,141 12,125,420
Cash 6,980,464 10,044,977 2,140,298 3,343,236 2,134,510
Rent and other receivables 674,086 246,378 239,928 157,230 10,053
Property tax and insurance reserves NA NA NA 260,123 0
Escrow deposits 32,390 105,500 143,901 96,483 NA
Lease origination costs, net 363,873 329,395 218,789 168,145 75,038
Loan fees, net NA NA NA NA 0
Deferred loan fees, net NA NA NA 333,544 NA
Deferred stock issuance costs 556,604 0 742,757 535,450 35,000
Other assets, net 1,338,868 195,020 96,318 124,781 151,128
Total Assets 61,873,897 56,066,809 40,457,125 33,811,133 14,531,149

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued liabilities 1,475,643 1,283,235 1,143,438 718,162 347,179
Resident security deposits 679,409 552,698 435,267 306,004 156,985
Notes payable, net 26,904,604 19,454,377 19,409,454 11,522,140 0
Total Liabilities 29,059,656 21,290,310 20,988,159 12,546,306 504,164

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 10,734 10,734 7,017 7,017 4,393
Additional paid-in capital 41,677,465 41,677,465 24,601,295 24,601,295 16,036,648
Accumulated deficit (8,873,958) (6,911,700) (5,139,346) (3,343,485) (2,014,056)
Total Stockholders' Equity 32,814,241 34,776,499 19,468,966 21,264,827 14,026,985
Total Liabilities and Stockholders' Equity 61,873,897 56,066,809 40,457,125 33,811,133 14,531,149
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.
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