XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental income $ 47,745 $ 46,806 $ 93,908 $ 92,813
Interest and other income 3,808 747 8,251 1,216
Total revenues 51,553 47,553 102,159 94,029
Expenses:        
Depreciation and amortization 12,716 12,559 24,954 26,134
Interest expense 11,040 6,303 20,867 12,045
Property taxes 1,390 1,254 2,270 2,674
Impairment of real estate investments 21,392 1,701 23,278 61,384
Provision for loan losses, net 0 0 0 3,844
Property operating expenses 658 89 1,621 536
General and administrative 4,718 4,978 9,779 10,193
Total expenses 51,914 26,884 82,769 116,810
Other (loss) income:        
Gain on sale of real estate, net 2,028 0 1,958 186
Unrealized losses on other real estate related investments, net (2,151) 0 (2,605) 0
Total other (loss) income (123) 0 (647) 186
Net (loss) income $ (484) $ 20,669 $ 18,743 $ (22,595)
(Loss) earnings per common share:        
Basic (in usd per share) $ (0.01) $ 0.21 $ 0.19 $ (0.24)
Diluted (in usd per share) $ (0.01) $ 0.21 $ 0.19 $ (0.24)
Weighted-average number of common shares:        
Basic (in shares) 99,117 96,564 99,090 96,487
Diluted (in shares) 99,117 96,598 99,194 96,487