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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income    
Lease income, net $ 51,284 $ 55,499
Total income 52,438 56,855
Operating expenses    
Depreciation and amortization 22,122 22,862
Property operating 7,108 7,938
Real estate taxes 8,489 9,051
General and administrative 7,195 8,523
Total operating expenses 44,914 48,374
Other income (expense)    
Interest and other income, net 1,555 539
Interest expense, net (4,809) (5,478)
Gain on sale of investment properties 457 0
Equity in earnings of unconsolidated entities 789 459
Provision for asset impairment (9,002) 0
Total other expense, net (11,010) (4,480)
Net (loss) income from continuing operations (3,486) 4,001
Net loss from discontinued operations 0 (13,500)
Net loss $ (3,486) $ (9,499)
Weighted-average number of common shares outstanding, basic (in shares) 720,825,864 728,558,989
Weighted-average number of common shares outstanding, diluted (in shares) 720,825,864 728,827,861
Net (loss) income from continuing operations per share - basic and diluted (in dollars per share) $ 0 $ 0.01
Net loss per common share, from discontinued operations, basic and diluted (in dollars per share) 0 (0.02)
Net loss per common share, basic and diluted (in dollars per share) 0 (0.01)
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.02
Comprehensive loss    
Net loss $ (3,486) $ (9,499)
Unrealized loss on derivatives (14,141) (112)
Reclassification to interest expense, net (145) (432)
Comprehensive loss (17,772) (10,043)
Other property income    
Income    
Income 191 451
Other fee income    
Income    
Income $ 963 $ 905