Financial Statements

As Reported Financials

Source Document Currency Code (in units) 2018 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2016 USD
Source Document Currency Code 2018 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2016 USD

ASSETS

Investments in single-family residential properties

Land 13,642,461 10,996,361 8,579,550 6,761,350
Buildings and improvements 64,781,322 49,399,791 39,419,038 31,744,657
Total 78,423,783 60,396,152 47,998,588 38,506,007
Accumulated depreciation (6,591,066) (4,542,707) (2,853,049) (1,630,873)
Investments in single-family residential properties, net 71,832,717 55,853,445 45,145,539 36,875,134
Cash 8,252,460 6,442,322 10,044,977 2,140,298
Restricted cash 1,179,126 0 NA NA
Rent and other receivables 730,345 645,441 246,378 239,928
Escrow deposits NA NA 105,500 143,901
Lease origination costs, net 473,739 317,359 329,395 218,789
Deferred stock issuance costs 0 553,296 0 742,757
Other assets, net 633,135 1,774,978 195,020 96,318
Total Assets 83,101,522 65,586,841 56,066,809 40,457,125

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued liabilities 1,572,713 1,453,142 1,283,235 1,143,438
Resident security deposits 825,233 697,379 552,698 435,267
Notes payable, net 50,132,147 30,493,124 19,454,377 19,409,454
Total Liabilities 52,530,093 32,643,645 21,290,310 20,988,159

Stockholders' Equity

Preferred stock 0 0 0 0
Common stock 10,952 10,734 10,734 7,017
Additional paid-in capital 42,569,520 41,677,465 41,677,465 24,601,295
Accumulated deficit (12,009,043) (8,745,003) (6,911,700) (5,139,346)
Total Stockholders' Equity 30,571,429 32,943,196 34,776,499 19,468,966
Total Liabilities and Stockholders' Equity 83,101,522 65,586,841 56,066,809 40,457,125
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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