XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
REVENUE $ 46,648 $ 44,406
EXPENSES    
Property operating expenses, excluding real estate taxes 13,449 13,468
Real estate taxes 5,792 5,465
Property management expense 1,767 1,554
Casualty loss 101 327
Depreciation and amortization 19,992 18,160
General and administrative expenses 3,906 3,428
TOTAL EXPENSES 45,007 42,402
Operating income 1,641 2,004
Interest expense (7,231) (6,911)
Interest and other income (loss) 431 (2,777)
NET INCOME (LOSS) (5,159) (7,684)
Dividends to preferred unitholders (160) (160)
Net (income) loss attributable to noncontrolling interests – Operating Partnership 469 692
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities (17) 145
Net income (loss) attributable to controlling interests (4,867) (7,007)
Dividends to preferred shareholders (1,607) (1,705)
Discount (premium) on redemption of preferred shares 0 273
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (6,474) $ (8,439)
BASIC    
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC (in dollars per share) $ (0.49) $ (0.69)
DILUTED    
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share) $ (0.49) $ (0.69)