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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 40,836 $ 50,802 $ 124,404 $ 165,986
Expenses:        
Real estate operating expenses 13,369 14,373 38,547 45,664
Real estate taxes and insurance 8,951 10,200 26,713 34,461
Depreciation and amortization 15,148 18,862 49,004 62,379
General and administrative 3,232 3,749 10,997 11,857
Interest 6,110 7,928 17,140 26,582
Total expenses 46,810 55,112 142,401 180,943
Loss on extinguishment of debt (78) (236) (78) (403)
Impairment and loan loss reserve (717)   (1,857)  
Gain on sale of properties, net 24,077 8,632 24,077 29,258
Income (loss) before taxes and equity in income of non-consolidated REIT 17,308 4,086 4,145 13,898
Tax expense 62 51 167 174
Equity in income of non-consolidated REITs   421   421
Net income $ 17,246 $ 4,456 $ 3,978 $ 14,145
Weighted average number of shares outstanding, basic 103,236 106,905 103,372 107,196
Weighted average number of shares outstanding, diluted 103,236 106,905 103,372 107,196
Net income per share, basic $ 0.17 $ 0.04 $ 0.04 $ 0.13
Net income per share, diluted $ 0.17 $ 0.04 $ 0.04 $ 0.13
Rental        
Revenues:        
Rental $ 40,366 $ 50,326 $ 122,994 $ 164,671
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue 466 419 1,393 1,246
Related party revenue: Other        
Revenues:        
Revenue $ 4 $ 57 $ 17 $ 69