v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member]    
Real estate rental revenue $ 54,603 $ 42,499 $ 153,787 $ 124,403
Expenses        
Property operating and maintenance 13,092 9,901 35,404 28,655
Real estate taxes and insurance 6,469 5,544 19,893 16,525
Property management 1,916 1,499 5,462 4,448
General and administrative 6,403 7,909 20,998 19,838
Transformation costs 2,399 1,016 6,645 4,796
Depreciation and amortization 23,632 18,252 69,871 52,542
Expenses 53,911 44,121 158,273 126,804
Real estate operating gain (loss) 692 (1,622) (4,486) (2,401)
Other income (expense)        
Interest expense (6,582) (8,106) (18,388) (28,387)
Loss on interest rate derivatives 0 (106) 0 (5,866)
Loss on extinguishment of debt (4,917) (12,727) (4,917) (12,727)
Other income 68 231 454 3,037
Total other income (expense) (11,431) (20,708) (22,851) (43,943)
Loss from continuing operations (10,739) (22,330) (27,337) (46,344)
Discontinued operations:        
Income from operations of properties sold or held for sale 0 7,208 0 23,083
Gain on sale of real estate, net 0 46,441 0 46,441
Income from discontinued operations 0 53,649 0 69,524
Net (loss) income $ (10,739) $ 31,319 $ (27,337) $ 23,180
Basic net (loss) income per common share:        
Continuing operations, basic (in dollars per share) $ (0.12) $ (0.26) $ (0.32) $ (0.55)
Discontinued operations, basic (in dollars per share) 0 0.63 0 0.82
Basic net income (loss) per common share (in dollars per share) (0.12) 0.37 (0.32) 0.27
Diluted net (loss) income per common share:        
Continuing operations, diluted (in dollars per share) (0.12) (0.26) (0.32) (0.55)
Discontinued operations, diluted (in dollars per share) 0 0.63 0 0.82
Diluted net income (loss) per common share (in dollars per share) $ (0.12) $ 0.37 $ (0.32) $ 0.27
Weighted average shares outstanding - basic (in shares) 87,453 84,496 87,354 84,457
Weighted average shares outstanding - diluted (in shares) 87,453 84,496 87,354 84,457

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