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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES:      
Rental revenues $ 493,876 $ 513,957 $ 542,247
Management, development and leasing fees 7,609 7,917 7,158
Other 14,076 13,412 13,606
Total revenues [1],[2] 515,561 535,286 563,011
EXPENSES:      
Property operating (90,052) (90,996) (92,126)
Depreciation and amortization (140,591) (190,505) (256,310)
Real estate taxes (47,365) (54,807) (57,119)
Maintenance and repairs (37,732) (41,336) (42,485)
General and administrative (67,254) (64,066) (67,215)
Loss on impairment (1,461)   (252)
Litigation settlement 553 2,310 304
Other (230) (221) (834)
Total expenses (384,132) (439,621) (516,037)
OTHER INCOME (EXPENSES):      
Interest and other income 15,713 13,199 4,938
Interest expense (154,486) (172,905) (217,342)
(Loss) gain on extinguishment of debt (819) 3,270 7,344
Gain on deconsolidation   47,879 36,250
Gain on consolidation 26,727    
Loss on available-for-sale securities     (39)
Gain on sales of real estate assets 16,676 5,125 5,345
Reorganizations items, net     298
Income tax provision (1,055) (894) (3,079)
Equity in earnings of unconsolidated affiliates 22,932 11,865 19,796
Total other expenses, net (74,312) (92,461) (146,489)
Net income (loss) 57,117 3,204 (99,515)
Net (income) loss attributable to noncontrolling interests in:      
Operating Partnership (4) (2) 34
Other consolidated subsidiaries 1,857 3,344 5,999
Net income (loss) attributable to the Company 58,970 6,546 (93,482)
Dividends allocable to unvested restricted stock (1,206) (1,113) (2,537)
Net income (loss) attributable to common shareholders $ 57,764 $ 5,433 $ (96,019)
Basic and diluted per share data attributable to common shareholders:      
Basic earnings per share $ 1.87 $ 0.17 $ (3.2)
Diluted earnings per share [3] $ 1.87 $ 0.17 $ (3.2)
Weighted-average basic shares 30,905 31,303 30,046
Weighted-average diluted shares [3] 30,962 31,303 30,046
[1] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[2] Sales taxes are excluded from revenues.
[3] . For the year ended December 31, 2023, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,330,597, including 27,434 contingently issuable shares related to unvested restricted stock awards. Due to a net loss for the year ended December 31, 2022, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the Company reported net income for the year ended December 31, 2022, the denominator for diluted EPS would have been 30,206,521, including 160,098 contingently issuable shares related to PSUs and unvested restricted stock awards.