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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenues $ 40,124 $ 52,024 $ 87,321 $ 102,214
Operating expenses:        
Property operating 15,757 15,487 31,756 30,831
General and administrative 4,544 4,565 9,493 8,874
Depreciation and amortization 38,614 27,877 63,118 56,043
Impairments 5,680 11,819 25,365 15,573
Transaction related 167 150 277 255
Total operating expenses 64,762 59,898 130,009 111,576
Other (expenses) income:        
Interest expense, net (8,058) (7,222) (16,204) (14,361)
Loss on extinguishment of debt, net (1,078) (504) (1,078) (504)
Other income, net 209 165 372 201
Equity in loss of unconsolidated joint venture, net (163) (95) (279) (218)
Total other (expenses) income, net (9,090) (7,656) (17,189) (14,882)
Loss before taxes (33,728) (15,530) (59,877) (24,244)
Provision for income taxes (73) (185) (150) (345)
Net loss (33,801) (15,715) (60,027) (24,589)
Net income attributable to non-controlling interest 0 (15) (6) (26)
Net loss attributable to common stockholders $ (33,801) $ (15,730) $ (60,033) $ (24,615)
Weighted-average shares outstanding - basic (in shares) 55,910,000 56,680,000 55,857,000 56,661,000
Weighted-average shares outstanding - diluted (in shares) 55,910,000 56,680,000 55,857,000 56,661,000
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.60) $ (0.28) $ (1.07) $ (0.43)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.60) $ (0.28) $ (1.07) $ (0.43)
Rental        
Total revenues $ 39,923 $ 51,824 $ 86,918 $ 101,814
Fee income from unconsolidated joint venture        
Total revenues $ 201 $ 200 $ 403 $ 400