v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Rental income $ 25,664 $ 28,706
Expenses:    
Property operating expense 1,353 1,512
Property tax expense 1,920 2,053
General and administrative expenses 9,192 8,553
Corporate operating expenses to related parties 144 141
Real estate impairment provision 0 15,036
Depreciation and amortization 13,360 13,711
Total expenses 25,969 41,006
Loss before other income (expenses) (305) (12,300)
Other income (expenses):    
Interest expense (7,697) (14,306)
Other income, net 771 1,126
Loss from disposition of assets (38) (479)
Transaction expenses (12,072) (190)
Net loss from continuing operations (19,341) (26,149)
Discontinued Operations:    
Loss from discontinued operations (54) (27,252)
Gain from disposition of assets 618 0
Net income (loss) from discontinued operations 564 (27,252)
Net loss (18,777) (53,401)
Net loss attributable to noncontrolling interests from continuing operations 1,323 1,968
Net (income) loss attributable to noncontrolling interests from discontinued operations (39) 2,051
Net loss attributable to noncontrolling interests 1,284 4,019
Net loss attributable to common shareholders $ (17,493) $ (49,382)
Basis and diluted earnings per common share:    
Net loss per share from continuing operations, basic (in usd per share) $ (0.48) $ (0.66)
Net loss per share from continuing operations, diluted (in usd per share) (0.48) (0.66)
Net income (loss) per share from discontinued operations, basic (in usd per share) 0.01 (0.69)
Net income (loss) per share from discontinued operations, diluted (in usd per share) 0.01 (0.69)
Net loss per share attributable to common shareholders, basic (in usd per share) (0.47) (1.35)
Net loss per share attributable to common shareholders, diluted (in usd per share) $ (0.47) $ (1.35)
Weighted-average number of common shares outstanding, basic (in shares) 37,181,781 36,726,154
Weighted-average number of common shares outstanding, diluted (in shares) 37,181,781 36,726,154