v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues $ 37,305 $ 40,124 $ 75,306 $ 87,321
Operating expenses:        
Property operating 15,895 15,757 32,345 31,756
General and administrative 4,838 4,544 9,734 9,493
Depreciation and amortization 14,928 38,614 30,950 63,118
Impairments 19,503 5,680 21,212 25,365
Transaction related 75 167 139 277
Total operating expenses 55,239 64,762 94,380 130,009
Other (expenses) income:        
Interest expense, net (8,016) (8,058) (16,172) (16,204)
Gain on disposition of real estate assets 891 0 891 0
Loss on extinguishment of debt, net 0 (1,078) 0 (1,078)
Other income, net 296 209 549 372
Equity in loss of unconsolidated joint venture, net (271) (163) (517) (279)
Total other (expenses) income, net (7,100) (9,090) (15,249) (17,189)
Loss before taxes (25,034) (33,728) (34,323) (59,877)
Provision for income taxes (67) (73) (133) (150)
Net loss (25,101) (33,801) (34,456) (60,027)
Net income attributable to non-controlling interest (2) 0 (8) (6)
Net loss attributable to common stockholders $ (25,103) $ (33,801) $ (34,464) $ (60,033)
Weighted average shares outstanding - basic (in shares) 56,254 55,910 56,149 55,857
Weighted average shares outstanding - diluted (in shares) 56,254 55,910 56,149 55,857
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.45) $ (0.60) $ (0.61) $ (1.07)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.45) $ (0.60) $ (0.61) $ (1.07)
Rental        
Total revenues $ 37,102 $ 39,923 $ 74,899 $ 86,918
Fee income from unconsolidated joint venture        
Total revenues $ 203 $ 201 $ 407 $ 403