XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 50,802 $ 62,247 $ 165,986 $ 186,038
Expenses:        
Real estate operating expenses 14,373 16,730 45,664 49,498
Real estate taxes and insurance 10,200 12,279 34,461 36,348
Depreciation and amortization 18,862 22,076 62,379 66,659
General and administrative 3,749 3,817 11,857 11,159
Interest 7,928 8,953 26,582 26,996
Total expenses 55,112 63,855 180,943 190,660
Loss on extinguishment of debt (236)   (403)  
Gain on sale of properties, net 8,632   29,258  
Income (loss) before taxes and equity in income of non-consolidated REITs 4,086 (1,608) 13,898 (4,622)
Tax expense 51 71 174 203
Equity in income of non-consolidated REITs 421   421  
Net Income (loss) $ 4,456 $ (1,679) $ 14,145 $ (4,825)
Weighted average number of shares outstanding, basic 106,905 107,328 107,196 107,295
Weighted average number of shares outstanding, diluted 106,905 107,328 107,196 107,295
Net income per share, basic $ 0.04 $ (0.02) $ 0.13 $ (0.04)
Net income per share, diluted $ 0.04 $ (0.02) $ 0.13 $ (0.04)
Rental        
Revenues:        
Rental $ 50,326 $ 61,834 $ 164,671 $ 184,799
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue 419 400 1,246 1,208
Related party revenue: Other        
Revenues:        
Revenue $ 57 $ 13 $ 69 $ 31