v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues from operations:    
Rental income $ 31,450 $ 91,726
Fee and other income 11,173 2,326
Total revenue from operations 42,623 94,052
Rental operation expenses:    
Operating and maintenance 7,132 15,035
Real estate taxes 4,721 13,717
Impairment charges 0 66,600
General and administrative 9,395 13,546
Depreciation and amortization 13,252 33,950
Total rental operation expenses 34,500 142,848
Other income (expense):    
Interest expense (5,565) (18,663)
Interest income 361 7,294
Gain on debt retirement 0 760
Debt extinguishment costs 0 (665)
Loss on derivative instruments 0 (4,096)
Other income (expense), net (753) (296)
Total other income (expense) (5,957) (15,666)
Income (loss) before earnings from discontinued operations, equity method investments and other items 2,166 (64,462)
Equity in net income of joint ventures 39 17
Gain on disposition of real estate, net 1,029 31,714
Income (loss) before tax expense 3,234 (32,731)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (149) (252)
Income (loss) from continuing operations 3,085 (32,983)
Income from discontinued operations 0 9,431
Net income (loss) 3,085 (23,552)
Preferred dividends 0 (2,789)
Net income (loss) attributable to common shareholders $ 3,085 $ (26,341)
Basic and diluted earnings per share:    
Income (loss) from continuing operations, Basic $ 0.06 $ (0.69)
Income (loss) from continuing operations, Diluted 0.06 (0.69)
Income from discontinued operations, Basic 0 0.18
Income from discontinued operations, Diluted 0 0.18
Total, Basic 0.06 (0.51)
Total, Diluted $ 0.06 $ (0.51)