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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income        
Lease income, net $ 40,718 $ 55,613 $ 92,002 $ 111,112
Total income 41,639 57,294 94,077 114,149
Operating expenses        
Depreciation and amortization 22,405 24,692 44,527 47,554
Property operating 6,184 7,139 13,292 15,077
Real estate taxes 7,218 8,958 15,707 18,009
General and administrative 8,387 8,886 15,582 17,409
Total operating expenses 44,194 49,675 89,108 98,049
Other income (expense)        
Interest and other income, net 773 512 2,328 1,051
Interest expense, net (4,924) (5,627) (9,733) (11,105)
Loss on extinguishment of debt (2,543) (809) (2,543) (809)
Provision for asset impairment 0 0 (9,002) 0
(Loss) gain on sale of investment properties, net (213) 5,662 244 5,662
Equity in (losses) earnings of unconsolidated entities (149) (1,079) 640 (620)
Total other expense, net (7,056) (1,341) (18,066) (5,821)
Net (loss) income from continuing operations (9,611) 6,278 (13,097) 10,279
Net loss from discontinued operations 0 (12,000) 0 (25,500)
Net loss $ (9,611) $ (5,722) $ (13,097) $ (15,221)
Weighted-average number of common shares outstanding, basic (in shares) 720,849,620 728,654,374 720,837,742 728,606,945
Weighted-average number of common shares outstanding, diluted (in shares) 720,849,620 729,287,663 720,837,742 728,623,337
Net (loss) income per common share, from continuing operations, basic and diluted (in dollars per share) $ (0.01) $ 0.01 $ (0.02) $ 0.01
Net loss per common share, from discontinued operations, basic and diluted (in dollars per share) 0 (0.02) 0 (0.03)
Net loss per common share, basic and diluted (in dollars per share) (0.01) (0.01) (0.02) (0.02)
Distributions declared per common share outstanding (in dollars per share) 0.02 0.02 0.04 0.04
Distributions paid per common share outstanding (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04
Comprehensive loss        
Net loss $ (9,611) $ (5,722) $ (13,097) $ (15,221)
Unrealized loss on derivatives (2,332) (204) (16,473) (316)
Reclassification to net income 745 (427) 600 (859)
Comprehensive loss (11,198) (6,353) (28,970) (16,396)
Other property income        
Income        
Income 208 821 399 1,272
Other fee income        
Income        
Income $ 713 $ 860 $ 1,676 $ 1,765