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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income      
Lease income, net $ 192,957 $ 220,653 $ 236,560
Total income 197,833 226,490 242,674
Operating expenses      
Depreciation and amortization 87,755 97,429 100,593
Property operating 27,909 31,944 34,822
Real estate taxes 30,845 34,232 35,205
General and administrative 33,141 35,361 35,267
Total operating expenses 179,650 198,966 205,887
Other (expense) income      
Interest expense, net (18,749) (22,717) (24,943)
(Loss) gain on extinguishment of debt, net (2,543) (2,901) 9,103
Provision for asset impairment (9,002) (2,359) (3,510)
Gain on sale and transfer of investment properties, net 1,752 62,011 95,097
Equity in (losses) earnings and (impairment), net, of unconsolidated entities (3,141) 957 (31,393)
Other income and expense, net 3,326 1,384 2,708
Total other (expense) income, net (28,357) 36,375 47,062
Net (loss) income from continuing operations (10,174) 63,899 83,849
Net loss from discontinued operations 0 (25,500) 0
Net (loss) income $ (10,174) $ 38,399 $ 83,849
Weighted average number of common shares outstanding, basic (in shares) 719,882,476 728,620,309 761,139,011
Weighted average number of common shares outstanding, diluted (in shares) 719,882,476 729,384,149 762,065,474
Net (loss) income per common share, from continuing operations, basic and diluted (in dollars per share) $ (0.01) $ 0.09 $ 0.11
Net loss per common share, from discontinued operations, basic and diluted 0 (0.04) 0
Net (loss) income per common share, basic and diluted (in dollars per share) (0.01) 0.05 0.11
Distributions declared per common share outstanding (in dollars per share) 0.08 0.07 0.07
Distributions paid per common share outstanding (in dollars per share) $ 0.08 $ 0.07 $ 0.07
Comprehensive (loss) income      
Net (loss) income $ (10,174) $ 38,399 $ 83,849
  Unrealized (loss) gain on derivatives (16,199) 816 923
Reclassification for amounts recognized in net (loss) income 2,693 (1,396) (956)
Comprehensive (loss) income (23,680) 37,819 83,816
Other property income      
Income      
Income 1,229 1,981 1,724
Other fee income      
Income      
Income $ 3,647 $ 3,856 $ 4,390