XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Rental income  $ 133,997 $ 141,316 $ 266,419 $ 288,670
Expenses:        
Real estate taxes 15,901 16,583 31,234 33,228
Utility expenses 5,742 5,820 13,002 12,685
Other operating expenses 26,634 26,497 52,691 53,860
Depreciation and amortization 51,601 57,536 103,293 118,005
Loss on impairment of real estate 0 4,773 0 21,820
Acquisition and transaction related costs 11,181 224 14,399 224
General and administrative 5,785 7,083 11,710 12,789
Total expenses 116,844 118,516 226,329 252,611
Gain (loss) on sale of real estate (2,305) (11,637) 243 (9,488)
Interest and other income 337 16 501 17
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,327, $2,366, $4,532 and $4,770, respectively) (26,525) (26,515) (51,756) (53,954)
Loss on early extinguishment of debt 0 (77) 0 (77)
Loss before income tax (expense) benefit and equity in net losses of investees (11,340) (15,413) (10,922) (27,443)
Income tax (expense) benefit (211) 190 (241) (341)
Equity in net losses of investees (691) (833) (1,525) (1,679)
Net loss $ (12,242) $ (16,056) $ (12,688) $ (29,463)
Weighted average common shares outstanding (basic) (in shares) 48,354 48,249 48,345 48,246
Weighted average common shares outstanding (diluted) (in shares) 48,354 48,249 48,345 48,246
Per common share amounts (basic and diluted):        
Net loss (basic) (in dollars per share) $ (0.25) $ (0.33) $ (0.27) $ (0.61)
Net loss (diluted) (in dollars per share) $ (0.25) $ (0.33) $ (0.27) $ (0.61)