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CONDENSED 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 and other property income $ 60,103 $ 100,450 $ 128,539 $ 205,212
Interest income 7,193 5,079 12,764 9,577
Total revenues 67,296 105,529 141,303 214,789
Operating expenses:        
General and administrative 4,235 3,293 7,917 6,740
Property operating 4,811 6,867 11,676 16,184
Real estate tax 6,748 9,444 13,726 18,862
Management and advisory fees and expenses 11,398 10,191 22,488 20,210
Transaction-related 330 1,517 582 1,708
Depreciation and amortization 19,696 30,142 40,519 62,134
Impairment 3,831 13,082 15,507 33,155
Provision for credit losses 7,905 0 25,682 0
Total operating expenses 58,954 74,536 138,097 158,993
Gain on disposition of real estate, net 3,791 3,460 16,901 13,400
Operating income 12,133 34,453 20,107 69,196
Other expense:        
Interest expense and other, net (15,509) (25,447) (31,276) (51,339)
Loss on extinguishment of debt (370) 0 (4,752) 0
Total other expense (15,879) (25,447) (36,028) (51,339)
Net (loss) income (3,746) 9,006 (15,921) 17,857
Net income allocated to noncontrolling interest 0 33 0 67
Net (loss) income attributable to the Company $ (3,746) $ 8,973 $ (15,921) $ 17,790
Weighted average number of common shares outstanding:        
Basic and diluted (shares) 310,558,499 311,306,447 310,903,460 311,349,760
Net (loss) income per common share        
Basic and diluted (USD per share) $ (0.01) $ 0.03 $ (0.05) $ 0.06