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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income        
Lease income, net $ 51,489 $ 56,596 $ 143,491 $ 167,708
Total income 52,545 57,997 146,622 172,146
Operating expenses        
Depreciation and amortization 22,170 24,253 66,697 71,807
Property operating 6,677 8,288 19,969 23,365
Real estate taxes 8,940 9,000 24,647 27,009
General and administrative 10,106 8,379 25,688 25,788
Total operating expenses 47,893 49,920 137,001 147,969
Other (expense) income        
Interest and other income, net 244 24 2,572 1,075
Interest expense, net (4,594) (6,077) (14,327) (17,182)
Loss on extinguishment of debt 0 (2,092) (2,543) (2,901)
Provision for asset impairment 0 (2,359) (9,002) (2,359)
Gain on sale of investment properties, net 424 26,781 668 32,443
Equity in earnings (losses) of unconsolidated entities 951 572 1,591 (48)
Total other (expense) income, net (2,975) 16,849 (21,041) 11,028
Net income (loss) from continuing operations 1,677 24,926 (11,420) 35,205
Net loss from discontinued operations 0 0 0 (25,500)
Net income (loss) $ 1,677 $ 24,926 $ (11,420) $ 9,705
Weighted-average number of common shares outstanding, basic (in shares) 718,934,723 728,722,763 720,198,772 728,645,975
Weighted-average number of common shares outstanding, diluted (in shares) 719,568,339 729,456,722 720,198,772 729,221,226
Net income (loss) per common share, from continuing operations, basic and diluted (in dollars per share) $ 0 $ 0.03 $ (0.02) $ 0.05
Net loss per common share, from discontinued operations, basic and diluted (in dollars per share) 0 0 0 (0.03)
Net income (loss) per common share, basic and diluted (in dollars per share) 0 0.03 (0.02) 0.02
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02 0.06 0.06
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.05
Comprehensive income (loss)        
Net income (loss) $ 1,677 $ 24,926 $ (11,420) $ 9,705
Unrealized loss on derivatives (25) (1,587) (16,498) (1,903)
Reclassification to net income (loss) 1,043 (343) 1,643 (1,202)
Comprehensive income (loss) 2,695 22,996 (26,275) 6,600
Other property income        
Income        
Income 177 333 576 1,605
Other fee income        
Income        
Income $ 879 $ 1,068 $ 2,555 $ 2,833