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, 2026
Mar. 31, 2025
Total revenues $ 36,271 $ 38,001
Operating expenses:    
Property operating 14,783 16,450
General and administrative 5,140 4,896
Depreciation and amortization 13,159 16,022
Impairments 6,296 1,709
Transaction related 259 64
Total operating expenses 39,637 39,141
Other (expenses) income:    
Interest expense, net (7,250) (8,156)
Loss on extinguishment of debt, net (244) 0
Other income 243 253
Other expenses (3,319) 0
Recovery of reserve on Member Loan 439 0
Equity in loss of unconsolidated joint venture, net 0 (246)
Total other (expenses) income, net (10,131) (8,149)
Loss before taxes (13,497) (9,289)
Provision for income taxes (71) (66)
Net loss (13,568) (9,355)
Net income attributable to non-controlling interest (10) (6)
Net loss attributable to common stockholders $ (13,578) $ (9,361)
Weighted average shares outstanding - basic (in shares) 56,565 56,043
Weighted average shares outstanding - diluted (in shares) 56,565 56,043
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.24) $ (0.17)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.24) $ (0.17)
Rental    
Total revenues $ 36,134 $ 37,797
Fee income from unconsolidated joint venture    
Total revenues $ 137 $ 204