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CONDENSED 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 and other property income $ 66,011 $ 99,552 $ 194,550 $ 304,764
Interest income 6,631 5,927 19,395 15,504
Total revenues 72,642 105,479 213,945 320,268
Operating expenses:        
General and administrative 3,762 3,634 11,679 10,374
Property operating 5,214 7,199 16,890 23,383
Real estate tax 6,566 8,933 20,292 27,795
Management and advisory fees and expenses 10,934 10,852 33,422 31,062
Merger-related 1,207 0 1,207 0
Transaction-related 148 383 730 2,091
Depreciation and amortization 19,967 26,766 60,486 88,900
Impairment 476 24,008 15,983 57,163
Provision for credit losses 7,355 0 33,037 0
Total operating expenses 55,629 81,775 193,726 240,768
Gain on disposition of real estate, net 3,219 5,790 20,120 19,190
Operating income 20,232 29,494 40,339 98,690
Other expense:        
Interest expense and other, net (15,964) (24,619) (47,240) (75,958)
Loss on extinguishment of debt (89) (2,302) (4,841) (2,302)
Total other expense (16,053) (26,921) (52,081) (78,260)
Net income (loss) 4,179 2,573 (11,742) 20,430
Net income allocated to noncontrolling interest 0 32 0 99
Net income (loss) attributable to the Company $ 4,179 $ 2,541 $ (11,742) $ 20,331
Weighted average number of common shares outstanding:        
Basic and diluted (shares) 309,694,214 311,267,395 310,497,436 311,322,003
Net income (loss) per common share        
Basic and diluted (USD per share) $ 0.01 $ 0.01 $ (0.04) $ 0.07