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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 29,682 $ 36,903 $ 91,737 $ 110,936
Expenses:        
Real estate operating expenses 11,574 12,797 33,620 37,627
Real estate taxes and insurance 5,512 7,115 17,175 21,257
Depreciation and amortization 10,911 13,408 34,018 42,780
General and administrative 3,275 3,265 11,069 10,849
Interest 6,585 6,209 20,513 18,099
Total expenses 37,857 42,794 116,395 130,612
Loss on extinguishment of debt (477) (39) (614) (106)
Gain on consolidation of Sponsored REIT       394
Loss on sale of properties and impairment of assets held for sale, net (7,254) (39,671) (20,459) (32,085)
Interest income 340   1,696  
Loss before taxes (15,566) (45,601) (44,035) (51,473)
Tax expense 56 70 162 212
Net loss $ (15,622) $ (45,671) $ (44,197) $ (51,685)
Weighted average number of shares outstanding, basic (in shares) 103,567 103,430 103,492 103,333
Weighted average number of shares outstanding, diluted (in shares) 103,567 103,430 103,492 103,333
Net loss per share, basic (in dollars per share) $ (0.15) $ (0.44) $ (0.43) $ (0.50)
Net loss per share, diluted (in dollars per share) $ (0.15) $ (0.44) $ (0.43) $ (0.50)
Rental        
Revenues:        
Rental $ 29,662 $ 36,903 $ 91,705 $ 110,927
Other        
Revenues:        
Other $ 20   $ 32 $ 9