Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 49,076 $ 51,769 $ 151,290 $ 157,824
Operating expenses:        
Property operating 15,506 15,303 46,337 45,773
General and administrative 4,367 4,672 13,241 11,480
Depreciation and amortization 27,013 32,693 83,056 100,874
Impairments 11,403 44,801 26,976 54,161
Transaction related 101 194 356 398
Spin related 0 0 0 964
Total operating expenses 58,390 97,663 169,966 213,650
Other (expenses) income:        
Interest expense, net (7,380) (7,904) (21,741) (22,618)
Gain on disposition of real estate assets 18 1,059 18 1,059
Loss on extinguishment of debt, net 0 0 (504) (468)
Other income, net 437 31 638 118
Equity in loss of unconsolidated joint venture, net (108) (157) (326) (252)
Total other (expenses) income, net (7,033) (6,971) (21,915) (22,161)
Loss before taxes (16,347) (52,865) (40,591) (77,987)
Provision for income taxes (160) (164) (505) (494)
Net loss (16,507) (53,029) (41,096) (78,481)
Net income attributable to non-controlling interest (12) (18) (38) (43)
Net loss attributable to common stockholders $ (16,519) $ (53,047) $ (41,134) $ (78,524)
Weighted-average shares outstanding - basic (in shares) 56,543,379 56,635,038 56,621,362 56,630,086
Weighted-average shares outstanding - diluted (in shares) 56,543,379 56,635,038 56,621,362 56,630,086
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.29) $ (0.94) $ (0.73) $ (1.39)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.29) $ (0.94) $ (0.73) $ (1.39)
Rental        
Total revenues $ 48,876 $ 51,580 $ 150,690 $ 157,256
Fee income from unconsolidated joint venture        
Total revenues $ 200 $ 189 $ 600 $ 568