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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental income $ 519,495 $ 485,483 $ 522,270
Fees and management income 10,335 9,820 11,680
Other property income 3,016 2,714 2,756
Total revenues 532,846 498,017 536,706
Operating Expenses:      
Property operating 92,914 87,490 90,900
Real estate taxes 65,381 67,016 70,164
General and administrative 48,820 41,383 48,525
Depreciation and amortization 221,433 224,679 236,870
Impairment of real estate assets 6,754 2,423 87,393
Total operating expenses 435,302 422,991 533,852
Other:      
Interest expense, net (76,371) (85,303) (103,174)
Gain on disposal of property, net 30,421 6,494 28,170
Other (expense) income, net (34,361) 9,245 (676)
Net income (loss) 17,233 5,462 (72,826)
Net (income) loss attributable to noncontrolling interests (2,112) (690) 9,294
Net income (loss) attributable to stockholders $ 15,121 $ 4,772 $ (63,532)
Earnings per share of common stock:      
Net income (loss) per share attributable to stockholders - basic (in dollars per share) $ 0.15 $ 0.05 $ (0.67)
Net income (loss) per share attributable to stockholders - diluted (in dollars per share) $ 0.15 $ 0.05 $ (0.67)
Comprehensive income (loss):      
Net income (loss) $ 17,233 $ 5,462 $ (72,826)
Other comprehensive income (loss):      
Change in unrealized value on interest rate swaps 32,000 (33,820) (38,274)
Comprehensive income (loss) 49,233 (28,358) (111,100)
Net (income) loss attributable to noncontrolling interests (2,112) (690) 9,294
Change in unrealized value on interest rate swaps attributable to noncontrolling interests (4,500) 4,351 5,150
Reallocation of comprehensive loss upon conversion of noncontrolling interests (13) (2,075) 0
Comprehensive income (loss) attributable to stockholders $ 42,608 $ (26,772) $ (96,656)