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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenues $ 404,581,000 $ 445,815,000 $ 406,916,000
Interest income on loan and note receivable 43,819,000 46,610,000 49,542,000
Revenue from Related Parties 1,644,000 4,235,000 11,946,000
miscellaneous revenues 1,098,000 4,525,000 2,023,000
Total revenues 451,142,000 501,185,000 470,427,000
Operating expenses:      
Property operating and maintenance 61,517,000 69,992,000 59,906,000
property salaries related party 19,451,000 22,377,000 20,693,000
Property management fees 3,463,000 4,989,000 13,981,000
Real estate taxes 60,727,000 63,820,000 58,018,000
General and administrative 29,144,000 28,534,000 4,525,000
Share-based Compensation 3,289,000 1,644,000 1,223,000
Depreciation and amortization 169,193,000 201,677,000 185,065,000
Management fees 0 3,099,000 33,516,000
Loans and Leases Receivable, Allowance 874,000 6,103,000 2,038,000
Allowance for Loan and Lease Losses, Loans Acquired (874,000) (6,103,000) (2,038,000)
Other Expenses 970,000 180,116,000 2,988,000
Total operating expenses 348,628,000 582,351,000 381,953,000
manager's fees deferred 0 (1,136,000) (11,764,000)
Operating Expenses 348,628,000 581,215,000 370,189,000
Operating Income (Loss) 122,958,000 (56,888,000) 101,805,000
Interest Expense 102,414,000 118,558,000 111,964,000
Gain (Loss) on Extinguishment of Debt 0 6,674,000 84,000
Gain (Loss) on Sales of Loans, Net (12,000) 517,000 954,000
Disposal Group, Including Discontinued Operation, Operating Income (Loss) 102,514,000 (80,030,000) 100,238,000
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions (665,000) (314,000) 0
Gains (Losses) on Sales of Investment Real Estate 21,109,000 23,456,000 0
Gain (Loss) on Sales of Mortgage Backed Securities (MBS) 0 0 1,567,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 20,532,000 (181,603,000) (7,458,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 20,532,000 (181,603,000) (7,458,000)
net loss attributable to non-controlling interests (86,000) 3,815,000 214,000
Net loss attributable to the Company 20,446,000 (177,788,000) (7,244,000)
Dividends to preferred stockholders (153,418,000) (160,908,000) (113,772,000)
NetIncomeAllocatedToUnvestedRestrictedShares (514,000) (205,000) (17,000)
Net Income (Loss) Available to Common Stockholders, Basic $ (133,486,000) $ (338,901,000) $ (121,033,000)
Earnings Per Share, Basic $ (2.59) $ (6.95) $ (2.73)
Dividends, Common Stock, Cash $ 37,143,000 $ 38,868,000 $ 46,755,000
Common Stock, Dividends, Per Share, Declared $ 0.7875 $ 1.05 $ 1.02
Weighted Average Number of Shares Outstanding, Diluted 51,499,000 48,743,000 44,265,000
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) $ 0 $ 0 $ 1,831,000