Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
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| REVENUE | ||
| TOTAL REVENUES | $ 38,115 | $ 39,398 |
| OPERATING EXPENSES | ||
| Property operating expenses | 10,330 | 10,111 |
| Real estate taxes and insurance | 7,697 | 7,627 |
| General and administrative | 4,107 | 3,825 |
| Depreciation and amortization | 7,979 | 7,636 |
| Loss on impairment of Long-Lived Assets | 0 | 33,780 |
| TOTAL OPERATING EXPENSES | 30,113 | 62,979 |
| Litigation settlement and other | (3,600) | 0 |
| INCOME (LOSS) FROM OPERATIONS | 4,402 | (23,581) |
| Interest expense, net | (15,546) | (11,522) |
| Net loss | (11,144) | (35,103) |
| Net loss attributable to non-controlling interests | 6,906 | 21,756 |
| Net loss attributable to common stockholders | $ (4,238) | $ (13,347) |
| Basic and diluted net loss per share (in dollars per share) | $ (0.3) | $ (0.86) |
| Residential Rental [Member] | ||
| REVENUE | ||
| TOTAL REVENUES | $ 31,904 | $ 29,190 |
| Commercial Real Estate [Member] | ||
| REVENUE | ||
| TOTAL REVENUES | $ 6,211 | $ 10,208 |
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- Definition The aggregate amount of expenditures for property operating. No definition available.
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of real estate taxes and insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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