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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental income $ 47,018 $ 48,087 $ 139,831 $ 141,077
Interest and other income 3,275 518 4,491 1,537
Total revenues 50,293 48,605 144,322 142,614
Expenses:        
Depreciation and amortization 12,256 13,968 38,390 41,284
Interest expense 8,355 5,692 20,400 17,988
Property taxes 691 1,004 3,365 2,466
Impairment of real estate investments 12,322 0 73,706 0
Provision for loan losses, net 0 0 3,844 0
Property operating expenses 3,808 0 4,344 0
General and administrative 5,159 5,196 15,352 16,136
Total expenses 42,591 25,860 159,401 77,874
Other loss:        
Loss on extinguishment of debt 0 (10,827) 0 (10,827)
Loss on sale of real estate, net (2,287) 0 (2,101) (192)
Unrealized loss on other real estate related investments (4,706) 0 (4,706) 0
Total other loss (6,993) (10,827) (6,807) (11,019)
Net income (loss) $ 709 $ 11,918 $ (21,886) $ 53,721
Earnings (loss) per common share:        
Basic (in usd per share) $ 0.01 $ 0.12 $ (0.23) $ 0.56
Diluted (in usd per share) $ 0.01 $ 0.12 $ (0.23) $ 0.56
Weighted-average number of common shares:        
Basic (in shares) 96,605 96,297 96,527 95,922
Diluted (in shares) 96,625 96,297 96,527 95,937