XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental revenues $ 92,794 $ 28,978 $ 174,352 $ 53,046
Total revenues 92,794 28,978 174,352 53,046
Operating expenses:        
Rental expenses 22,040 7,250 42,728 12,825
Real estate-related depreciation and amortization 63,279 16,382 119,024 30,241
General and administrative expenses 3,645 2,121 6,759 4,370
Advisory fees 16,641 5,525 30,257 9,460
Performance participation allocation 39,146 11,842 122,446 16,022
Acquisition costs and reimbursements 1,689 1,148 2,893 2,125
Total operating expenses 146,440 44,268 324,107 75,043
Other (income) expenses:        
Equity in loss (income) from unconsolidated joint venture partnership(s) 76 404 (35) (1,165)
Interest expense 33,078 4,571 55,545 8,295
Gain on derivative instruments (3,937)   (14,839)  
Other income and expenses (572) (93) (846) (129)
Total expenses 175,085 49,150 363,932 82,044
Net loss (82,291) (20,172) (189,580) (28,998)
Net loss attributable to redeemable noncontrolling interests 1,273 148 3,041 225
Net income attributable to noncontrolling interests (10) (4) (19) (8)
Net loss attributable to common stockholders $ (81,028) $ (20,028) $ (186,558) $ (28,781)
Weighted-average shares outstanding - basic 289,797 177,754 280,185 163,355
Weighted-average shares outstanding - diluted 289,797 177,754 280,185 163,355
Net loss per common share - basic $ (0.28) $ (0.11) $ (0.67) $ (0.18)
Net loss per common share - diluted $ (0.28) $ (0.11) $ (0.67) $ (0.18)