v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (GOING CONCERN BASIS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Revenue    
Real estate rental revenue $ 62,099 $ 123,592
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member]
Expenses    
Property operating and maintenance $ 14,624 $ 28,799
Real estate taxes and insurance 8,038 15,857
Property management 2,256 4,502
General and administrative 7,689 16,918
Depreciation and amortization 23,560 46,799
Total expenses 56,167 112,875
Real estate operating income 5,932 10,717
Other expense    
Interest expense (9,498) (18,958)
Total other income (expense) (9,498) (18,958)
Net loss $ (3,566) $ (8,241)
Basic net loss per common share (in dollars per share) $ (0.04) $ (0.10)
Diluted net loss per common share (in dollars per share) $ (0.04) $ (0.10)
Weighted average shares outstanding - basic (in shares) 88,093 88,078
Weighted average shares outstanding - diluted (in shares) 88,093 88,078

Source