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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 revenues $ 56,944 $ 50,768 $ 166,400 $ 154,946
Total revenues 56,944 50,768 166,400 154,946
Expenses:        
Residential property operating expenses 20,048 20,775 57,735 58,180
Property management expenses 3,569 4,187 11,367 11,400
Depreciation and amortization 20,229 19,662 60,837 61,983
Acquisition and integration costs 771 202 913 3,064
Impairment 105 495 994 3,091
Mortgage loan servicing costs 0 246 0 827
Interest expense 17,378 21,135 55,790 63,810
Share-based compensation 1,616 1,457 4,039 4,387
General and administrative 6,637 5,519 23,280 19,277
Management fees to AAMC 3,584 3,584 10,752 10,715
Termination fee to AAMC 46,000 0 46,000 0
Total expenses 119,937 77,262 271,707 236,734
Net gain on real estate and mortgage loans 176 354 1,546 12,973
Operating loss (62,817) (26,140) (103,761) (68,815)
Casualty losses (292) (287) (924) (864)
Insurance recoveries 10 48 85 586
Other (loss) income (78) (9,989) 25,231 (10,786)
Net loss before income taxes (63,177) (36,368) (79,369) (79,879)
Income tax expense 0 0 28 14
Net loss $ (63,177) $ (36,368) $ (79,397) $ (79,893)
Loss per share of common stock - basic:        
Loss per basic share (usd per share) $ (1.08) $ (0.68) $ (1.41) $ (1.49)
Weighted average common stock outstanding – basic (in shares) 58,747,146 53,857,616 56,329,863 53,735,106
Loss per share of common stock - diluted:        
Loss per diluted share (usd per share) $ (1.08) $ (0.68) $ (1.41) $ (1.49)
Weighted average common stock outstanding – diluted (in shares) 58,747,146 53,857,616 56,329,863 53,735,106
Dividends declared per common share (usd per share) $ 0 $ 0.15 $ 0.15 $ 0.45