v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Real estate rental revenue $ 41,297 $ 43,757 $ 81,904 $ 89,500
Revenue, type [Extensible List] us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember
Expenses        
Real estate expenses $ 16,230 $ 16,588 $ 32,684 $ 34,046
Expenses, type [Extensible List] us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember
Depreciation and amortization $ 17,303 $ 17,372 $ 34,290 $ 34,619
General and administrative expenses 6,325 5,296 11,929 11,633
Transformation costs 3,780 0 3,780 0
Expenses 43,638 39,256 82,683 80,298
Loss on sale of real estate 0 (7,539) 0 (7,539)
Real estate operating income (2,341) (3,038) (779) 1,663
Other income (expense)        
Interest expense (10,158) (8,751) (20,281) (19,596)
(Loss) gain on extinguishment of debt 0 (206) 0 262
Loss on interest rate derivatives (5,760) 0 (5,760) 0
Other income 1,522 0 2,806 0
Total other income (expense) (14,396) (8,957) (23,235) (19,334)
Loss from continuing operations (16,737) (11,995) (24,014) (17,671)
Discontinued operations:        
Income from operations of properties sold or held for sale 9,745 6,589 15,875 13,984
Net loss $ (6,992) $ (5,406) $ (8,139) $ (3,687)
Basic net (loss) income per share:        
Continuing operations, basic (in dollars per share) $ (0.20) $ (0.15) $ (0.29) $ (0.22)
Discontinued operations, basic (in dollars per share) 0.12 0.08 0.19 0.17
Basic net loss per common share (in dollars per share) (0.08) (0.07) (0.10) (0.05)
Diluted net (loss) income per share:        
Continuing operations, diluted (in dollars per share) (0.20) (0.15) (0.29) (0.22)
Discontinued operations, diluted (in dollars per share) 0.12 0.08 0.19 0.17
Diluted net loss per common share (in dollars per share) $ (0.08) $ (0.07) $ (0.10) $ (0.05)
Weighted average shares outstanding - basic (in shares) 84,461 82,153 84,437 82,120
Weighted average shares outstanding - diluted (in shares) 84,461 82,153 84,437 82,120

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