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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenue     $ 45,000 $ 121,000
Total revenues $ 60,808,000 $ 66,813,000 123,791,000 131,529,000
Expenses:        
Real estate operating expenses 15,470,000 17,116,000 32,768,000 34,842,000
Real estate taxes and insurance 12,307,000 12,801,000 24,069,000 24,903,000
Depreciation and amortization 22,245,000 22,109,000 44,583,000 45,354,000
General and administrative 3,817,000 3,702,000 7,342,000 7,211,000
Interest 8,980,000 9,371,000 18,043,000 18,739,000
Total expenses 62,819,000 65,099,000 126,805,000 131,049,000
Income (loss) before taxes (2,011,000) 1,714,000 (3,014,000) 480,000
Tax expense on income 64,000 81,000 132,000 52,000
Net income (loss) $ (2,075,000) $ 1,633,000 $ (3,146,000) $ 428,000
Weighted average number of shares outstanding, basic and diluted 107,287 107,231 107,278 107,231
Net loss per share, basic and diluted $ (0.02) $ 0.02 $ (0.03) $ 0.00
Rental        
Revenues:        
Rental $ 60,398,000 $ 65,485,000 $ 122,965,000 $ 128,844,000
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue 405,000 1,322,000 808,000 2,674,000
Related party revenue: Other        
Revenues:        
Revenue $ 5,000 $ 6,000 $ 18,000 $ 11,000