Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenues $ 52,024 $ 52,849 $ 102,214 $ 106,055
Operating expenses:        
Property operating 15,487 15,156 30,831 30,470
General and administrative 4,565 3,291 8,874 6,808
Depreciation and amortization 27,877 33,828 56,043 68,181
Impairments 11,819 7,758 15,573 9,360
Transaction related 150 141 255 204
Spin related 0 208 0 964
Total operating expenses 59,898 60,382 111,576 115,987
Other (expenses) income:        
Interest expense, net (7,222) (7,867) (14,361) (14,714)
Loss on extinguishment of debt, net (504) 0 (504) (468)
Other income, net 165 48 201 87
Equity in loss of unconsolidated joint venture, net (95) (54) (218) (95)
Total other (expenses) income, net (7,656) (7,873) (14,882) (15,190)
Loss before taxes (15,530) (15,406) (24,244) (25,122)
Provision for income taxes (185) (164) (345) (330)
Net loss (15,715) (15,570) (24,589) (25,452)
Net income attributable to non-controlling interest (15) (1) (26) (25)
Net loss attributable to common stockholders $ (15,730) $ (15,571) $ (24,615) $ (25,477)
Weighted-average shares outstanding - basic (in shares) 56,679,984 56,629,467 56,661,000 56,627,569
Weighted-average shares outstanding - diluted (in shares) 56,679,984 56,629,467 56,661,000 56,627,569
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.28) $ (0.27) $ (0.43) $ (0.45)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.28) $ (0.27) $ (0.43) $ (0.45)
Rental        
Total revenues $ 51,824 $ 52,659 $ 101,814 $ 105,676
Fee income from unconsolidated joint venture        
Total revenues $ 200 $ 190 $ 400 $ 379