v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenues $ 39,178 $ 49,076 $ 126,499 $ 151,290
Operating expenses:        
Property operating 16,643 15,506 48,399 46,337
General and administrative 4,468 4,367 13,961 13,241
Depreciation and amortization 19,913 27,013 83,031 83,056
Impairments 0 11,403 25,365 26,976
Transaction related 105 101 382 356
Total operating expenses 41,129 58,390 171,138 169,966
Other (expenses) income:        
Interest expense, net (8,170) (7,380) (24,374) (21,741)
Gain on disposition of real estate assets 0 18 0 18
Loss on extinguishment of debt, net 0 0 (1,078) (504)
Other income, net 208 437 580 638
Equity in loss of unconsolidated joint venture, net (218) (108) (497) (326)
Total other (expenses) income, net (8,180) (7,033) (25,369) (21,915)
Loss before taxes (10,131) (16,347) (70,008) (40,591)
Provision for income taxes (76) (160) (226) (505)
Net loss (10,207) (16,507) (70,234) (41,096)
Net income attributable to non-controlling interest (10) (12) (16) (38)
Net loss attributable to common stockholders $ (10,217) $ (16,519) $ (70,250) $ (41,134)
Weighted-average shares outstanding - basic (in shares) 55,948 56,543 55,887 56,621
Weighted-average shares outstanding - diluted (in shares) 55,948 56,543 55,887 56,621
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.18) $ (0.29) $ (1.26) $ (0.73)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.18) $ (0.29) $ (1.26) $ (0.73)
Rental        
Total revenues $ 38,976 $ 48,876 $ 125,894 $ 150,690
Fee income from unconsolidated joint venture        
Total revenues $ 202 $ 200 $ 605 $ 600

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