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CONSOLIDATED AND COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues $ 82,535 $ 76,494
Expenses    
Total expenses 93,884 91,890
Other (expense) income    
Total other expense (37,143) (18,787)
Loss before income taxes (48,492) (34,183)
Net loss (50,297) (35,912)
Net loss attributable to stockholders $ (56,582) $ (40,589)
Loss per share:    
Basic (in dollars per share) $ (0.54) $ (0.39)
Diluted (in dollars per share) $ (0.54) $ (0.40)
Weighted average shares outstanding:    
Basic (in shares) 104,189,287 102,787,640
Diluted (in shares) 104,189,287 102,787,640
Operating expenses $ 64,575 $ 65,162
General and administrative 4,861 3,201
Transaction related costs 926 269
Management fees and incentive allocation to affiliate 3,001 2,982
Depreciation and amortization 20,521 20,135
Asset impairment 0 141
Equity in (losses) earnings of unconsolidated entities (11,902) 4,366
Loss on sale of assets, net (13) (124)
Interest expense (27,593) (23,250)
Other income 2,365 221
Provision for income taxes 1,805 1,729
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries (10,690) (9,893)
Less: Dividends and accretion of redeemable preferred stock $ 16,975 $ 14,570