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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE:        
Rental and other property revenue $ 154,643 $ 57,286 $ 304,621 $ 112,097
Other revenue 120 158 505 459
Total revenue 154,763 57,444 305,126 112,556
EXPENSES:        
Property operating expenses 58,976 22,298 114,858 43,136
Property management expenses 6,139 2,176 11,696 4,119
General and administrative expenses 6,968 4,241 14,896 10,183
Depreciation and amortization expense 72,793 16,763 150,966 33,315
Casualty gains (losses), net 5,592 0 6,985 (359)
Total expenses 139,284 45,478 285,431 91,112
Interest Expense (20,994) (8,559) (41,525) (16,944)
Gain on sale of real estate assets, net 0 0 94,712 0
Merger and integration costs (1,307) 0 (3,202) 0
Other income (expense) 294 0 736 0
Loss from investments in unconsolidated real estate entities (871) 0 (934) 0
Net (loss) income: (7,399) 3,407 69,482 4,500
Loss (income) allocated to noncontrolling interest 194 (21) (2,087) (28)
Net (loss) income allocable to common shares $ (7,205) $ 3,386 $ 67,395 $ 4,472
(Loss) earnings per share:        
Basic (in dollars per share) $ (0.03) $ 0.03 $ 0.30 $ 0.04
Diluted (in dollars per share) $ (0.03) $ 0.03 $ 0.30 $ 0.04
Weighted-average shares:        
Basic (in shares) 221,164,284 102,023,204 220,982,714 101,847,876
Diluted (in shares) 221,164,284 102,923,924 222,033,857 102,822,099