v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member] Real Estate [Member]
Real estate rental revenue $ 227,911 $ 209,380 $ 169,151
Expenses      
Property operating and maintenance 50,985 47,384 38,573
Real estate taxes and insurance 28,845 26,617 22,209
Property management 8,108 7,436 6,133
General and administrative 25,887 28,258 27,538
Transformation costs 6,339 9,686 6,635
Depreciation and amortization 88,950 91,722 72,656
Real estate impairment 41,860 0 0
Total expenses 250,974 211,103 173,744
Real estate operating loss (23,063) (1,723) (4,593)
Other income (expense)      
Interest expense (30,429) (24,940) (34,063)
Loss on interest rate derivatives 0 0 (5,866)
Loss on extinguishment of debt, net (54) (4,917) (12,727)
Other income 569 712 4,109
Total other income (expense) (29,914) (29,145) (48,547)
Loss from continuing operations (52,977) (30,868) (53,140)
Discontinued operations:      
Income from operations of properties sold or held for sale 0 0 23,083
Gain on sale of real estate, net 0 0 46,441
Income from discontinued operations 0 0 69,524
Net (loss) income $ (52,977) $ (30,868) $ 16,384
Basic net (loss) income per share      
Continuing operations (in dollars per share) $ (0.61) $ (0.36) $ (0.63)
Discontinued operations (in dollars per share) 0 0 0.82
Basic net (loss) income per share (in dollars per share) [1] (0.61) (0.36) 0.19
Diluted net (loss) income per share      
Continuing operations (in dollars per share) (0.61) (0.36) (0.63)
Discontinued operations (in dollars per share) 0 0 0.82
Diluted net (loss) income per share (in dollars per share) [1] $ (0.61) $ (0.36) $ 0.19
Weighted average shares outstanding – basic (in shares) 87,735 87,388 84,544
Weighted average shares outstanding – diluted (in shares) 87,735 87,388 84,544
[1] Earnings per share may not sum due to rounding

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