v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental income $ 74,520 $ 90,840 $ 153,476 $ 181,224
Other income 6,825 3,364 15,278 5,741
Total revenues 81,345 94,204 168,754 186,965
Expenses        
Property operating expenses 23,683 21,402 42,883 43,155
Real estate taxes and insurance 16,736 17,912 33,888 35,111
Property management fees 2,349 633 4,843 1,243
Advisory fees 4,946 4,970 9,926 9,954
General and administrative expenses 13,353 55,302 26,999 76,351
Depreciation and amortization 27,813 32,192 57,195 62,197
Interest expense 41,609 35,117 83,164 70,459
Total expenses 130,489 167,528 258,898 298,470
Loss on extinguishment of debt (664) (195) (1,177) (353)
Loss on sales and impairment of real estate, net 8,104 2,845 5,611 2,381
Investment income 556 716 1,203 1,271
Reversal of loan losses 0 0 0 500
Loss on forfeited deposits (39) (6) (41) (1,409)
Net loss (41,187) (69,964) (84,548) (109,115)
Net loss attributable to stockholders (31,264) (58,685) (64,732) (89,155)
Other comprehensive loss        
Unrealized loss on interest rate hedges (0) (3,809) 0 (8,197)
Total comprehensive loss (41,187) (73,773) (84,548) (117,312)
Comprehensive income attributable to Series B Preferred stock 1,513 1,513 3,026 3,026
Comprehensive loss attributable to stockholders $ (31,264) $ (61,923) $ (64,732) $ (96,122)
Weighted average common shares outstanding - basic (in shares) 26,113 25,724 26,113 25,594
Weighted average common shares outstanding - diluted (in shares) 26,113 25,724 26,113 25,594
Loss per share - basic (in dollars per share) $ (1.2) $ (2.28) $ (2.48) $ (3.48)
Loss per share - diluted (in dollars per share) $ (1.2) $ (2.28) $ (2.48) $ (3.48)
Series A Preferred Stock        
Expenses        
Preferred Stock Dividends, Income Statement Impact $ 2,198 $ 2,198 $ 4,396 $ 4,397
Series B Preferred Stock        
Expenses        
Preferred Stock Dividends, Income Statement Impact 1,513 1,513 3,026 3,026
VineBrook Homes OP, LP        
Expenses        
Net loss attributable to redeemable noncontrolling interests in the OP (8,884) (10,494) (18,170) (16,369)
Other comprehensive loss        
Comprehensive (loss) attributable to redeemable noncontrolling interests (8,884) (11,065) (18,170) (17,599)
Variable Interest Entity, Primary Beneficiary        
Expenses        
Net loss attributable to redeemable noncontrolling interests in the OP (4,177) (3,968) (7,977) (9,671)
Net loss attributable to noncontrolling interests in consolidated VIEs (573) (528) (1,091) (1,343)
Other comprehensive loss        
Comprehensive (loss) attributable to redeemable noncontrolling interests (4,177) (3,968) (7,977) (9,671)
Comprehensive loss attributable to noncontrolling interests in consolidated VIEs $ (573) $ (528) $ (1,091) $ (1,343)