Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenues $ 35,433 $ 37,122 $ 106,008 $ 112,428
Operating expenses:        
Property operating 14,282 17,284 41,542 49,629
General and administrative 4,735 4,607 14,486 14,341
Depreciation and amortization 12,518 14,709 39,197 45,659
Impairments 0 63,698 6,296 84,910
Transaction related 120 114 691 253
Total operating expenses 31,655 100,412 102,212 194,792
Other (expenses) income:        
Interest expense, net (7,099) (7,880) (21,679) (24,052)
Gain on disposition of real estate assets 0 3,265 28,826 4,156
Loss on extinguishment of debt, net 0 0 (532) 0
Other income 117 317 423 974
Other expenses 0 (1,116) (3,320) (1,224)
Recovery of reserve on Member Loan 0 0 439 0
Equity in loss of Unconsolidated Joint Venture, net 0 (256) 0 (773)
Total other (expenses) income, net (6,982) (5,670) 4,157 (20,919)
(Loss) income before taxes (3,204) (68,960) 7,953 (103,283)
Provision for income taxes (69) (67) (211) (200)
Net (loss) income (3,273) (69,027) 7,742 (103,483)
Net income attributable to non-controlling interest (11) (8) (25) (16)
Net (loss) income attributable to common stockholders $ (3,284) $ (69,035) $ 7,717 $ (103,499)
Weighted average common shares outstanding - basic (in shares) 57,045 56,313 56,853 56,204
Weighted average common shares outstanding - diluted (in shares) 57,045 56,313 57,594 56,204
Net (loss) income per share attributable to common stockholders - basic (in dollars per share) $ (0.06) $ (1.23) $ 0.14 $ (1.84)
Net (loss) income per share attributable to common stockholders - diluted (in dollars per share) $ (0.06) $ (1.23) $ 0.13 $ (1.84)
Rental        
Total revenues $ 35,235 $ 36,918 $ 105,467 $ 111,817
Fee income from Unconsolidated Joint Venture        
Total revenues $ 198 $ 204 $ 541 $ 611