XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 27,300 $ 29,682 $ 81,122 $ 91,737
Expenses:        
Real estate operating expenses 10,671 11,574 31,467 33,620
Real estate taxes and insurance 5,262 5,512 14,822 17,175
Depreciation and amortization 10,550 10,911 32,000 34,018
General and administrative 3,034 3,275 9,799 11,069
Interest 6,348 6,585 18,378 20,513
Total expenses 35,865 37,857 106,466 116,395
Loss on extinguishment of debt (7) (477) (12) (614)
Gain (loss) on sale of properties and impairment of assets held for sale, net   (7,254) (12,900) (20,459)
Interest income 249 340 756 1,696
Loss before taxes (8,323) (15,566) (37,500) (44,035)
Tax expense 3 56 137 162
Net loss $ (8,326) $ (15,622) $ (37,637) $ (44,197)
Weighted average number of shares outstanding, basic (in shares) 103,690 103,567 103,623 103,492
Weighted average number of shares outstanding, diluted (in shares) 103,690 103,567 103,623 103,492
Net loss per share, basic (in dollars per share) $ (0.08) $ (0.15) $ (0.36) $ (0.43)
Net loss per share, diluted (in dollars per share) $ (0.08) $ (0.15) $ (0.36) $ (0.43)
Rental        
Revenues:        
Rental $ 27,300 $ 29,662 $ 81,122 $ 91,705
Other        
Revenues:        
Other   $ 20   $ 32