Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Real estate rental revenue $ 72,870 $ 76,820 $ 149,662 $ 148,254
Expenses        
Real estate expenses 26,885 28,134 55,524 54,277
Depreciation and amortization 29,599 33,044 59,319 60,101
General and administrative expenses 5,296 5,535 11,633 13,342
Real estate impairment 0 0 0 8,374
Expenses 61,780 66,713 126,476 136,094
Loss on sale of real estate (7,539) (1,046) (7,539) (1,046)
Real estate operating income 3,551 9,061 15,647 11,114
Other expense        
Interest expense (8,751) (15,252) (19,596) (27,748)
(Loss) gain on extinguishment of debt (206) 0 262 0
Total other expense (8,957) (15,252) (19,334) (27,748)
Loss from continuing operations (5,406) (6,191) (3,687) (16,634)
Discontinued operations:        
Income from operations of properties sold or held for sale 0 7,178 0 13,216
Income from discontinued operations 0 7,178 0 13,216
Net (loss) income (5,406) 987 (3,687) (3,418)
Less: Net income attributable to noncontrolling interests in subsidiaries 0 0 0 0
Net (loss) income attributable to the controlling interests $ (5,406) $ 987 $ (3,687) $ (3,418)
Basic net (loss) income attributable to the controlling interests per share:        
Continuing operations, basic (in dollars per share) $ (0.07) $ (0.08) $ (0.05) $ (0.21)
Discontinued operations, basic (in dollars per share) 0 0.09 0 0.17
Basic net income (loss) attributable to the controlling interests per common share (in dollars per share) [1] (0.07) 0.01 (0.05) (0.05)
Diluted net (loss) income attributable to the controlling interests per share:        
Continuing operations, diluted (in dollars per share) (0.07) (0.08) (0.05) (0.21)
Discontinued operations, diluted (in dollars per share) 0 0.09 0 0.17
Diluted net income (loss) attributable to the controlling interests per common share (in dollars per share) [1] $ (0.07) $ 0.01 $ (0.05) $ (0.05)
Weighted average shares outstanding - basic (in shares) 82,153 79,934 82,120 79,908
Weighted average shares outstanding - diluted (in shares) 82,153 79,934 82,120 79,908
Dividends declared per common share (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60
Revenue, type [Extensible List] us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember
Expenses, type [Extensible List] us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember us-gaap:RealEstateMember
[1] Earnings per share may not sum due to rounding