XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Oct. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:        
Rental revenues $ 103,252 $ 450,922 $ 554,064 $ 736,878
Management, development and leasing fees 1,500 5,642 6,800 9,350
Other 4,094 11,465 14,997 22,468
Total revenues [1] 108,846 468,029 575,861 768,696
EXPENSES:        
Property operating (15,258) (72,735) (84,061) (108,905)
Depreciation and amortization (49,504) (158,574) (215,030) (257,746)
Real estate taxes (9,598) (50,787) (69,686) (75,465)
Maintenance and repairs (7,581) (32,487) (34,132) (46,282)
General and administrative (9,175) (43,160) (53,425) (64,181)
Loss on impairment   (146,781) (213,358) (239,521)
Litigation settlement 118 932 7,855 (61,754)
Prepetition charges     (23,883)  
Other (3) (745) (953) (91)
Total expenses (91,001) (504,337) (686,673) (853,945)
OTHER INCOME (EXPENSES):        
Interest and other income 510 2,055 6,396 2,764
Interest expense (195,488) (72,415) (200,663) (206,261)
Gain on extinguishment of debt     32,521 71,722
Gain on deconsolidation 19,126 55,131   67,242
Gain (loss) on sales of real estate assets (3) 12,187 4,696 16,274
Reorganization items, net (1,403) (435,162) (35,977)  
Income tax benefit (provision) 5,885 (1,078) (16,836) (3,153)
Equity in earnings (losses) of unconsolidated affiliates 797 (10,823) (14,854) 4,940
Total other expenses (170,576) (450,105) (224,717) (46,472)
Net loss (152,731) (486,413) (335,529) (131,721)
Net loss attributable to noncontrolling interests in:        
Operating Partnership   2,473 19,762 23,683
Other consolidated subsidiaries 1,186 13,313 20,683 (739)
Net loss attributable to the Company (151,545) (470,627) (295,084) (108,777)
Preferred dividends declared       (33,669)
Preferred dividends undeclared     (37,410) (11,223)
Net loss attributable to common shareholders $ (151,545) $ (470,627) $ (332,494) $ (153,669)
Basic and diluted per share data attributable to common shareholders:        
Net loss attributable to common shareholders $ (7.50) $ (2.39) $ (1.75) $ (0.89)
Weighted-average common and potential dilutive common shares outstanding 20,208 196,591 190,277 173,445
[1] Management, development and leasing fees are included in All Other category. See Note 5 for information on the Company’s revenues disaggregated by revenue source for each of the above segments.