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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental revenue $ 51,909 $ 46,231 $ 113,944
Other income 7,117 12,757 36,005
Total revenue 59,026 58,988 149,949
Expenses:      
Property operating expenses (including $990, $991 and $254 for 2020, 2019 and 2018, respectively, from related parties) 24,360 25,694 59,587
Depreciation and amortization 14,755 13,379 22,670
General and administrative (including $3,869, $4,429 and $1,267 for 2020, 2019 and 2018, respectively, from related parties) 10,614 11,089 12,708
Advisory fee to related party 9,409 9,216 12,106
Total operating expenses 59,138 59,378 107,071
Net operating (loss) income (112) (390) 42,878
Interest income (including $19,515, $23,670 and $5,406 for 2020, 2019 and 2018, respectively, from related parties) 23,098 25,955 21,645
Interest expense (including $6,632, $9,282 and $2,240 for 2020, 2019 and 2018, respectively, from related parties) (35,004) (39,860) (66,063)
(Loss) gain on foreign currency transactions (13,378) (15,108) 12,399
Loss on extinguishment of debt 0 (5,219) 0
Equity in (loss) income from unconsolidated joint ventures (379) (2,313) 1,513
Gain on sale or write-down of assets 36,895 15,192 171,530
Income tax provision 147 0 (1,210)
Net income (loss) 11,267 (21,743) 182,692
Net (income ) loss attributable to noncontrolling interest (2,237) 5,785 (8,993)
Net income (loss) attributable to the Company 9,030 (15,958) 173,699
Preferred dividend 0 (1) (901)
Net income (loss) applicable to common shares $ 9,030 $ (15,959) $ 172,798
Earnings per share - basic      
Basic (in dollars per share) $ 0.56 $ (1.00) $ 10.81
Diluted (in dollars per share) $ 0.56 $ (1.00) $ 10.35
Weighted average common shares used in computing earnings per share      
Basic (in shares) 16,045,796 15,997,076 15,982,528
Diluted (in shares) 16,045,796 15,997,076 16,697,966