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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental and other property revenues $ 51,081 $ 50,353
Interest income from mezzanine loan and ground lease investments 4,721 5,888
Total revenues 55,802 56,241
Expenses    
Property operating 19,932 19,299
Property management fees 1,281 1,294
General and administrative 6,645 6,371
Acquisition and pursuit costs 11 1,269
Weather-related losses, net 400 0
Depreciation and amortization 20,322 20,921
Total expenses 48,591 49,154
Operating income 7,211 7,087
Other income (expense)    
Other income 152 40
Preferred returns on unconsolidated real estate joint ventures 2,287 2,415
Provision for credit losses (542) 0
Gain on sale of real estate investments 68,913 253
Loss on extinguishment of debt and debt modification costs (3,040) 0
Interest expense, net (13,835) (14,916)
Total other income (expense) 53,935 (12,208)
Net income (loss) 61,146 (5,121)
Preferred stock dividends (14,617) (13,547)
Preferred stock accretion (7,022) (3,925)
Net (loss) income attributable to noncontrolling interests    
Operating partnership units 10,160 (5,822)
Partially-owned properties 5,766 (278)
Net income (loss) attributable to noncontrolling interests 15,926 (6,100)
Net income (loss) attributable to common stockholders $ 23,581 $ (16,493)
Net income (loss) per common share - Basic $ 1.00 $ (0.70)
Net income (loss) per common share - Diluted $ 1.00 $ (0.70)
Weighted average basic common shares outstanding 23,089,364 24,087,811
Weighted average diluted common shares outstanding 23,288,089 24,087,811