v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member] Real Estate [Member]
Real estate rental revenue $ 209,380 $ 169,151 $ 176,004
Expenses      
Property operating and maintenance 47,530 38,741 39,625
Real estate taxes and insurance 26,471 22,041 23,357
Property management 7,436 6,133 6,145
General and administrative 28,258 27,538 23,951
Transformation costs 9,686 6,635 0
Depreciation and amortization 91,722 72,656 70,336
Total expenses 211,103 173,744 163,414
Loss on sale of real estate 0 0 (15,009)
Real estate operating loss (1,723) (4,593) (2,419)
Other income (expense)      
Interest expense (24,940) (34,063) (37,305)
Loss on interest rate derivatives 0 (5,866) (560)
Loss on extinguishment of debt, net (4,917) (12,727) (34)
Other income 712 4,109 0
Total other income (expense) (29,145) (48,547) (37,899)
Loss from continuing operations (30,868) (53,140) (40,318)
Discontinued operations:      
Income from operations of properties sold or held for sale 0 23,083 24,638
Gain on sale of real estate, net 0 46,441 0
Income from discontinued operations 0 69,524 24,638
Net (loss) income $ (30,868) $ 16,384 $ (15,680)
Basic net (loss) income per share      
Continuing operations (in dollars per share) $ (0.36) $ (0.63) $ (0.50)
Discontinued operations (in dollars per share) 0 0.82 0.30
Basic net income (loss) per share (in dollars per share) [1] (0.36) 0.19 (0.20)
Diluted net (loss) income per share      
Continuing operations (in dollars per share) (0.36) (0.63) (0.50)
Discontinued operations (in dollars per share) 0 0.82 0.30
Diluted net income (loss) per share (in dollars per share) [1] $ (0.36) $ 0.19 $ (0.20)
Weighted average shares outstanding – basic (in shares) 87,388 84,544 82,348
Weighted average shares outstanding – diluted (in shares) 87,388 84,544 82,348
[1] Earnings per share may not sum due to rounding

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