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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 41,304 $ 56,145 $ 83,568 $ 115,184
Expenses:        
Real estate operating expenses 12,344 15,352 25,178 31,291
Real estate taxes and insurance 9,043 11,895 17,762 24,261
Depreciation and amortization 18,186 19,136 33,856 43,517
General and administrative 3,981 3,962 7,765 8,108
Interest 5,664 10,054 11,030 18,654
Total expenses 49,218 60,399 95,591 125,831
Loss on extinguishment of debt   (167)   (167)
Impairment and loan loss reserve (1,140)   (1,140)  
Gain on sale of properties, net   20,626   20,626
Income (loss) before taxes (9,054) 16,205 (13,163) 9,812
Tax expense 56 56 105 123
Net income (loss) $ (9,110) $ 16,149 $ (13,268) $ 9,689
Weighted average number of shares outstanding, basic 103,193 107,359 103,441 107,344
Weighted average number of shares outstanding, diluted 103,193 107,359 103,441 107,344
Net income per share, basic $ (0.09) $ 0.15 $ (0.13) $ 0.09
Net income per share, diluted $ (0.09) $ 0.15 $ (0.13) $ 0.09
Rental        
Revenues:        
Rental $ 40,831 $ 55,722 $ 82,628 $ 114,345
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue 467 417 927 827
Related party revenue: Other        
Revenues:        
Revenue $ 6 $ 6 $ 13 $ 12