v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE    
Property rental $ 105,856 $ 101,499
Third-party real estate services, including reimbursements 17,208 14,914
Other revenue 4,538 4,273
Total revenue 127,602 120,686
EXPENSES    
Depreciation and amortization 45,305 47,587
Property operating 36,218 33,437
Real estate taxes 12,046 12,172
General and administrative:    
Corporate and other 15,287 15,557
Third-party real estate services 16,998 16,071
Transaction and other costs 9,841 1,911
Total expenses 135,695 126,735
OTHER INCOME (EXPENSE)    
Loss from unconsolidated real estate ventures, net (374) (592)
Interest and other income, net 1,400 525
Interest expense (35,548) (35,200)
Gain on the sale of real estate, net 21,075 537
Loss on the extinguishment of debt, net   (4,636)
Impairment loss (1,500) (8,483)
Total other income (expense) (14,947) (47,849)
LOSS BEFORE INCOME TAX (EXPENSE) BENEFIT (23,040) (53,898)
Income tax (expense) benefit (7) 200
NET LOSS (23,047) (53,698)
Net loss attributable to redeemable noncontrolling interests 4,350 7,978
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (18,697) $ (45,720)
LOSS PER COMMON SHARE:    
LOSS PER COMMON SHARE - BASIC $ (0.32) $ (0.56)
LOSS PER COMMON SHARE - DILUTED $ (0.32) $ (0.56)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 59,073 81,521
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 59,073 81,521