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Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental income $ 48,513 $ 59,644 $ 101,565 $ 119,252
Interest income on loans receivable 893 752 2,129 833
Other income 929 562 2,122 941
Total revenues 50,335 60,958 105,816 121,026
Expenses:        
General and administrative 1,145 3,571 4,773 9,222
Related party fees 6,392 3,351 13,342 5,081
Transaction costs 4,354 5,525 4,960 8,542
Shopko-related expenses 10,689   13,113  
Property costs (including reimbursable) 1,888 2,251 3,461 3,664
Interest 27,575 27,743 59,910 55,755
Depreciation and amortization 17,321 21,109 36,696 42,102
(Recoveries of) allowance for loan losses and impairment (1,463) 1,247 4,574 6,072
Total expenses 67,901 64,797 140,829 130,438
Other income (loss):        
Loss on debt extinguishment   (108) (21,267) (363)
Gain on disposition of real estate assets 1,041 4,948 1,519 3,254
Total other income (loss) 1,041 4,840 (19,748) 2,891
(Loss) income before income tax expense (16,525) 1,001 (54,761) (6,521)
Income tax expense (41) (22) (75) (79)
Net (loss) income and total comprehensive (loss) income (16,566) 979 (54,836) (6,600)
Preferred dividends (3,983) (1,325) (7,958) (1,325)
Net loss attributable to common shareholders $ (20,549) $ (346) $ (62,794) $ (7,925)
Net loss per share attributable to common shareholders:        
Basic $ (0.48) $ (0.01) $ (1.47) $ (0.18)
Diluted $ (0.48) $ (0.01) $ (1.47) $ (0.18)
Weighted average common shares outstanding:        
Basic 42,964,179 42,851,010 42,912,589 42,851,010
Diluted 42,964,179 42,851,010 42,912,589 42,851,010
Dividends declared per common share issued $ 0.33   $ 0.66