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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental revenue $ 177,243,000 $ 174,628,000 $ 347,165,000 $ 347,774,000
Fee and other income 8,274,000 7,641,000 22,037,000 15,661,000
Total revenues 185,517,000 182,269,000 369,202,000 363,435,000
Expenses:        
Operating 67,814,000 64,072,000 134,475,000 130,690,000
Depreciation and amortization 57,398,000 59,925,000 113,022,000 118,230,000
General and administrative 16,706,000 18,418,000 32,351,000 32,782,000
Transaction related costs 159,000 135,000 276,000 416,000
Total expenses 142,077,000 142,550,000 280,124,000 282,118,000
Other income (expense):        
Loss from unconsolidated joint ventures (4,416,000) (15,717,000) (9,529,000) (21,033,000)
Income from unconsolidated real estate funds 155,000 148,000 325,000 328,000
Interest and other income, net 796,000 1,070,000 1,027,000 2,372,000
Interest and debt expense (35,578,000) (34,914,000) (69,855,000) (69,653,000)
Net income (loss) before income taxes 4,397,000 (9,694,000) 11,046,000 (6,669,000)
Income tax expense (359,000) (434,000) (886,000) (1,575,000)
Net income (loss) 4,038,000 (10,128,000) 10,160,000 (8,244,000)
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (4,779,000) (7,428,000) (8,204,000) (13,156,000)
Consolidated real estate fund 352,000 29,000 1,368,000 (56,000)
Operating Partnership 29,000 1,584,000 (313,000) 1,935,000
Net (loss) income attributable to common stockholders $ (360,000) $ (15,943,000) $ 3,011,000 $ (19,521,000)
(Loss) Income per Common Share - Basic:        
(Loss) income per common share $ (0.00) $ (0.07) $ 0.01 $ (0.09)
Weighted average shares outstanding 222,971,886 218,696,284 220,888,664 218,681,228
(Loss) Income per Common Share - Diluted:        
(Loss) income per common share $ (0.00) $ (0.07) $ 0.01 $ (0.09)
Weighted average shares outstanding 222,971,886 218,696,284 220,930,019 218,681,228