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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUE        
Property rental $ 122,819 $ 115,459 $ 245,060 $ 235,839
Third-party real estate services, including reimbursements 26,745 27,167 64,852 56,883
Other revenue 5,080 2,326 10,021 10,337
Total revenue 154,644 144,952 319,933 303,059
EXPENSES        
Depreciation and amortization 56,678 52,616 121,404 101,105
Property operating 35,000 33,792 69,731 68,295
Real estate taxes 18,558 17,869 36,868 36,068
General and administrative:        
Corporate and other 13,895 13,216 26,370 26,392
Third-party real estate services 25,557 29,239 54,493 58,053
Share-based compensation related to Formation Transaction and special equity awards 4,441 8,858 9,386 18,299
Transaction and other costs 2,270 1,372 5,960 6,681
Total expenses 156,399 156,962 324,212 314,893
OTHER INCOME (EXPENSE)        
Income (loss) from unconsolidated real estate ventures, net 3,953 (13,485) 3,010 (16,177)
Interest and other income (loss), net (38) 114 (29) 1,021
Interest expense (16,773) (15,770) (33,069) (27,775)
Gain on sale of real estate 11,290   11,290 59,477
Loss on extinguishment of debt       (33)
Total other income (expense) (1,568) (29,141) (18,798) 16,513
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT (3,323) (41,151) (23,077) 4,679
Income tax (expense) benefit 5 888 (4,310) 3,233
NET INCOME (LOSS) (3,318) (40,263) (27,387) 7,912
Net (income) loss attributable to redeemable noncontrolling interests 345 3,483 2,575 (1,767)
Net loss attributable to noncontrolling interests     1,108  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,973) $ (36,780) $ (23,704) $ 6,145
EARNINGS (LOSS) PER COMMON SHARE:        
EARNINGS (LOSS) PER COMMON SHARE - BASIC $ (0.03) $ (0.28) $ (0.19) $ 0.04
EARNINGS (LOSS) PER COMMON SHARE - DILUTED $ (0.03) $ (0.28) $ (0.19) $ 0.04
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 131,480 133,613 131,510 134,078
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 131,480 133,613 131,510 134,078