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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income $ 70,608 $ 105,843 $ 142,226 $ 208,850
Interest income from real estate loan receivable 1,207 0 1,207 0
Other operating income 4,156 8,666 10,240 17,037
Total revenues 75,971 114,509 153,673 225,887
Expenses:        
Operating, maintenance and management 17,098 26,279 35,355 50,013
Real estate taxes and insurance 14,809 18,418 28,912 35,865
Asset management fees to affiliate 5,219 6,999 10,393 13,871
General and administrative expenses 1,519 1,907 3,196 3,942
Depreciation and amortization 27,358 41,632 54,750 83,040
Interest expense 13,753 47,403 62,542 85,350
Impairment charges on real estate 0 0 19,896 8,706
Total expenses 79,756 142,638 215,044 280,787
Other income (loss):        
Other income 0 9 0 22
Other interest income 14 192 47 264
Equity in loss of an unconsolidated entity (835) 0 (1,996) 0
Loss from extinguishment of debt 0 (196) (188) (196)
Gain on sale of real estate, net 50,938 0 50,938 0
Provision for credit loss (680) 0 (680) 0
Total other income, net 49,437 5 48,121 90
Net income (loss) 45,652 (28,124) (13,250) (54,810)
Net (income) loss attributable to noncontrolling interest (6,144) 9 (6,145) 17
Net income (loss) attributable to common stockholders $ 39,508 $ (28,115) $ (19,395) $ (54,793)
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.22 $ (0.16) $ (0.11) $ (0.31)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 182,388,463 174,783,611 181,988,121 175,154,320