v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member] Real Estate [Member] Real Estate [Member]
Real estate rental revenue $ 56,651 $ 54,603 $ 169,059 $ 153,787
Expenses        
Property operating and maintenance 12,747 13,092 38,510 35,404
Real estate taxes and insurance 7,050 6,469 21,066 19,893
Property management 1,935 1,916 5,882 5,462
General and administrative 6,370 6,403 19,891 20,998
Transformation costs 985 2,399 6,339 6,645
Depreciation and amortization 21,904 23,632 64,855 69,871
Real estate impairment 41,860 0 41,860 0
Expenses 92,851 53,911 198,403 158,273
Real estate operating (loss) income (36,200) 692 (29,344) (4,486)
Other income (expense)        
Interest expense (7,418) (6,582) (21,043) (18,388)
Loss on extinguishment of debt 0 (4,917) (54) (4,917)
Other income 0 68 569 454
Total other income (expense) (7,418) (11,431) (20,528) (22,851)
Net loss $ (43,618) $ (10,739) $ (49,872) $ (27,337)
Basic net loss per common share (in dollars per share) $ (0.50) $ (0.12) $ (0.57) $ (0.32)
Diluted net loss per common share (in dollars per share) $ (0.50) $ (0.12) $ (0.57) $ (0.32)
Weighted average shares outstanding - basic (in shares) 87,759 87,453 87,717 87,354
Weighted average shares outstanding - diluted (in shares) 87,759 87,453 87,717 87,354

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