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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Property rental $ 125,900 $ 118,680 $ 370,960 $ 354,519
Third-party real estate services, including reimbursements 25,842 26,987 90,694 83,870
Other revenue 5,280 5,368 15,301 15,705
Total revenue 157,022 151,035 476,955 454,094
EXPENSES        
Depreciation and amortization 56,726 56,481 178,130 157,586
Property operating 40,198 37,572 109,929 105,867
Real estate taxes 18,259 17,354 55,127 53,422
General and administrative:        
Corporate and other 12,105 11,086 38,475 37,478
Third-party real estate services 25,542 28,207 80,035 86,260
Share-based compensation related to Formation Transaction and special equity awards 3,480 7,133 12,866 25,432
Transaction and other costs 2,951 845 8,911 7,526
Total expenses 159,261 158,678 483,473 473,571
OTHER INCOME (EXPENSE)        
Income (loss) from unconsolidated real estate ventures, net 20,503 (965) 23,513 (17,142)
Interest and other income, net 192   163 1,021
Interest expense (17,243) (16,885) (50,312) (44,660)
Gain on sale of real estate     11,290 59,477
Loss on extinguishment of debt       (33)
Total other income (expense) 3,452 (17,850) (15,346) (1,337)
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT 1,213 (25,493) (21,864) (20,814)
Income tax (expense) benefit (217) 488 (4,527) 3,721
NET INCOME (LOSS) 996 (25,005) (26,391) (17,093)
Net (income) loss attributable to redeemable noncontrolling interests (103) 2,212 2,472 445
Net loss attributable to noncontrolling interests     1,108  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 893 $ (22,793) $ (22,811) $ (16,648)
EARNINGS (LOSS) PER COMMON SHARE:        
EARNINGS (LOSS) PER COMMON SHARE - BASIC $ 0.00 $ (0.18) $ (0.18) $ (0.14)
EARNINGS (LOSS) PER COMMON SHARE - DILUTED $ 0.00 $ (0.18) $ (0.18) $ (0.14)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 131,351 133,620 131,456 133,924
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 131,351 133,620 131,456 133,924