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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Rental revenues $ 131,642 $ 145,539 $ 398,806 $ 405,030
Management, development and leasing fees 1,783 1,780 5,338 4,888
Other 2,855 3,056 9,256 10,202
Total revenues [1] 136,280 150,375 413,400 420,120
EXPENSES:        
Property operating (24,390) (23,818) (69,046) (65,243)
Depreciation and amortization (61,050) (46,479) (194,469) (142,090)
Real estate taxes (13,880) (13,957) (42,569) (45,618)
Maintenance and repairs (10,272) (9,482) (31,068) (29,047)
General and administrative (14,625) (13,502) (51,149) (37,383)
Loss on impairment   (63,160) (252) (120,342)
Litigation settlement 36 89 182 890
Other   (104) (834) (391)
Total expenses (124,181) (170,413) (389,205) (439,224)
OTHER INCOME (EXPENSES):        
Interest and other income 152 510 1,216 2,038
Interest expense (37,652) (19,039) (183,428) (65,468)
Gain on deconsolidation     36,250 55,131
Loss on available-for-sale securities (39)   (39)  
Gain on sales of real estate assets 3,528 8,684 3,547 8,492
Reorganization items, net 1,220 (12,008) 262 (52,014)
Income tax (provision) benefit (2,422) 1,234 (2,751) (222)
Equity in earnings (losses) of unconsolidated affiliates 5,702 (2,224) 16,308 (9,575)
Total other expenses (29,511) (22,843) (128,635) (61,618)
Net loss (17,412) (42,881) (104,440) (80,722)
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership (25) 1,085 34 2,013
Other consolidated subsidiaries 3,143 76 8,002 1,344
Net loss attributable to the Company (14,294) (41,720) (96,404) (77,365)
Dividends allocable to unvested restricted stock (216)   (426)  
Net loss attributable to common shareholders $ (14,510) $ (41,720) $ (96,830) $ (77,365)
Basic and diluted per share data attributable to common shareholders:        
Net loss attributable to common shareholders, basic $ (0.47) $ (0.21) $ (3.26) $ (0.39)
Net loss attributable to common shareholders, diluted $ (0.47) $ (0.21) $ (3.26) $ (0.39)
Weighted-average common and potential dilutive common shares outstanding, basic 30,973 196,454 29,725 196,474
Weighted-average common and potential dilutive common shares outstanding, diluted 30,973 196,454 29,725 196,474
[1] Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments.