Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenues $ 38,001 $ 47,197
Operating expenses:    
Property operating 16,450 15,999
General and administrative 4,896 4,949
Depreciation and amortization 16,022 24,504
Impairments 1,709 19,685
Transaction related 64 110
Total operating expenses 39,141 65,247
Other (expenses) income:    
Interest expense, net (8,156) (8,146)
Other income, net 253 163
Equity in loss of unconsolidated joint venture, net (246) (116)
Total other (expenses) income, net (8,149) (8,099)
Loss before taxes (9,289) (26,149)
Provision for income taxes (66) (77)
Net loss (9,355) (26,226)
Net income attributable to non-controlling interest (6) (6)
Net loss attributable to common stockholders $ (9,361) $ (26,232)
Weighted average shares outstanding - basic (in shares) 56,043 55,803
Weighted average shares outstanding - diluted (in shares) 56,043 55,803
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.17) $ (0.47)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.17) $ (0.47)
Rental    
Total revenues $ 37,797 $ 46,995
Fee income from unconsolidated joint venture    
Total revenues $ 204 $ 202