Financial Statements

As Reported Financials

Source Document Currency Code (in units) 2018 Q2 YTD 6/30/2018 USD 2017 Y 6/30/2018 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2015 USD
Source Document Currency Code 2018 Q2 YTD 6/30/2018 USD 2017 Y 6/30/2018 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2015 USD

ASSETS

Investments in single-family residential properties

Land 11,328,161 10,996,361 8,579,550 6,761,350 5,422,647
Buildings and improvements 52,259,599 49,399,791 39,419,038 31,744,657 23,961,608
Total 63,587,760 60,396,152 47,998,588 38,506,007 29,384,255
Accumulated depreciation (5,544,211) (4,542,707) (2,853,049) (1,630,873) (592,114)
Investments in single-family residential properties, net 58,043,549 55,853,445 45,145,539 36,875,134 28,792,141
Cash 6,700,475 6,442,322 10,044,977 2,140,298 3,343,236
Rent and other receivables 629,593 645,441 246,378 239,928 157,230
Property tax and insurance reserves NA NA NA NA 260,123
Escrow deposits 0 24,430 105,500 143,901 96,483
Lease origination costs, net 419,784 317,359 329,395 218,789 168,145
Deferred loan fees, net NA NA NA NA 333,544
Deferred stock issuance costs 0 553,296 0 742,757 535,450
Other assets, net 679,852 1,750,548 195,020 96,318 124,781
Total Assets 66,473,253 65,586,841 56,066,809 40,457,125 33,811,133

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued liabilities 1,214,547 1,453,142 1,283,235 1,143,438 718,162
Resident security deposits 754,192 697,379 552,698 435,267 306,004
Notes payable, net 32,662,881 30,493,124 19,454,377 19,409,454 11,522,140
Total Liabilities 34,631,620 32,643,645 21,290,310 20,988,159 12,546,306

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 10,770 10,734 10,734 7,017 7,017
Additional paid-in capital 41,841,805 41,677,465 41,677,465 24,601,295 24,601,295
Accumulated deficit (10,010,942) (8,745,003) (6,911,700) (5,139,346) (3,343,485)
Total Stockholders' Equity 31,841,633 32,943,196 34,776,499 19,468,966 21,264,827
Total Liabilities and Stockholders' Equity 66,473,253 65,586,841 56,066,809 40,457,125 33,811,133
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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