XML 32 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental income $ 69,159 $ 76,348 $ 211,385 $ 285,198
Interest income from real estate loan receivable 2,029 0 3,236 0
Other operating income 4,315 6,633 14,555 23,670
Total revenues 75,503 82,981 229,176 308,868
Expenses:        
Operating, maintenance and management 17,198 22,119 52,553 72,132
Real estate taxes and insurance 14,140 13,813 43,052 49,677
Asset management fees to affiliate 5,311 5,541 15,704 19,412
General and administrative expenses 1,560 1,491 4,756 5,433
Depreciation and amortization 27,879 29,862 82,629 112,902
Interest expense 8,918 20,350 71,460 105,701
Impairment charges on real estate 0 0 19,896 8,706
Total expenses 75,006 93,176 290,050 373,963
Other income (loss):        
Other income 0 4,068 0 4,090
Other interest income 13 282 60 546
Equity in income (loss) of an unconsolidated entity 588 (2,556) (1,408) (2,556)
Loss from extinguishment of debt 0 (2,033) (188) (2,229)
Gain on sale of real estate, net 21 327,311 50,959 327,311
Provision for credit loss 0 0 (680) 0
Total other income, net 622 327,072 48,743 327,162
Net income (loss) 1,119 316,877 (12,131) 262,067
Net loss (income) attributable to noncontrolling interest 0 7 (6,145) 24
Net income (loss) attributable to common stockholders $ 1,119 $ 316,884 $ (18,276) $ 262,091
Net income (loss) per common share, basic and diluted (in dollars per share) $ 0.01 $ 1.82 $ (0.10) $ 1.50
Weighted-average number of common shares outstanding, basic and diluted (in shares) 183,174,688 174,447,810 182,386,530 174,916,229