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Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Base rent income $ 3,132,000 $ 5,036,000 $ 11,525,000 $ 15,126,000
Management income 303,000 596,000
Percentage rent income 75,000 1,045,000 402,000 1,756,000
Total revenues 3,510,000 6,081,000 12,523,000 16,882,000
Operating expenses        
Property taxes 955,000 734,000 2,460,000 2,254,000
Property operating expense 263,000 421,000 1,374,000 1,157,000
Asset management expense - related party 854,000
General and administrative 1,452,000 1,625,000 4,681,000 3,737,000
Professional fees, net of reimbursement of insurance proceeds 384,000 3,869,000 592,000 5,598,000
Management Internalization 32,004,000
Acquisition expenses 1,000 3,000 251,000
Depreciation and amortization 1,305,000 1,285,000 3,948,000 3,876,000
Impairment 6,475,000 500,000 14,115,000 1,452,000
Total operating expenses 10,834,000 8,435,000 27,173,000 51,183,000
Loss from operations (7,324,000) (2,354,000) (14,650,000) (34,301,000)
Other income (expense)        
Interest expense (2,326,000) (2,375,000) (6,910,000) (7,164,000)
Gain from sale of investment in real estate 2,294,000 694,000 2,294,000
Other Income 50,000 151,000 81,000
Income from DST 44,000 52,000 143,000 170,000
Total other income (expense) (2,282,000) 21,000 (5,922,000) (4,619,000)
Net loss (9,606,000) (2,333,000) (20,572,000) (38,920,000)
Less net income (expense) attributable to non-controlling interest (530,000) 62,000 (563,000) 62,000
Net loss attributable to The Parking REIT, Inc.'s stockholders (9,076,000) (2,395,000) (20,009,000) (38,982,000)
Preferred stock distributions declared - Series A (54,000) (54,000) (162,000) (162,000)
Preferred stock distributions declared - Series 1 (696,000) (696,000) (2,088,000) (2,088,000)
Net loss attributable to The Parking REIT, Inc.'s common stockholders $ (9,826,000) $ (3,145,000) $ (22,259,000) $ (41,232,000)
Basic and diluted loss per weighted average common share:        
Net loss per share attributable to The Parking REIT, Inc.'s common stockholders - basic and diluted $ (1.34) $ (0.45) $ (3.04) $ (6.06)
Distributions declared per common share
Weighted average common shares outstanding, basic and diluted 7,327,697 6,933,520 7,329,499 6,804,228