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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental revenue $ 323,182,000 $ 278,806,000  
Rental revenue     $ 257,308,000
Total revenues 699,489,000 1,300,539,000 1,064,537,000
EXPENSES      
Operating costs 226,791,000 294,486,000 248,029,000
Rental property real estate taxes 52,815,000 36,861,000 32,183,000
Provision for (recovery of) doubtful accounts 6,009,000 (414,000) 6,078,000
Demolition costs 0 855,000 17,329,000
Development-related marketing costs 8,166,000 23,067,000 29,249,000
General and administrative 109,402,000 162,506,000 110,582,000
Depreciation and amortization 217,467,000 155,798,000 126,565,000
Total expenses 830,384,000 1,184,770,000 956,791,000
OTHER      
Provision for impairment (48,738,000) 0 0
Gain (loss) on sale or disposal of real estate and other assets, net 59,942,000 22,362,000 (4,000)
Other income (loss), net 130,000 12,179,000 (936,000)
Total other 11,334,000 34,541,000 (940,000)
Operating income (loss) (119,561,000) 150,310,000 106,806,000
Selling profit from sales-type leases 0 13,537,000  
Interest income 2,368,000 9,797,000 8,486,000
Interest expense (132,257,000) (105,374,000) (82,028,000)
Gain (loss) on extinguishment of debt (13,169,000) 4,641,000 0
Equity in earnings (losses) from real estate and other affiliates 271,099,000 30,629,000 39,954,000
Income (loss) before income taxes 8,480,000 103,540,000 73,218,000
Income tax expense (benefit) 11,653,000 29,245,000 15,492,000
Net income (loss) (3,173,000) 74,295,000 57,726,000
Net (income) loss attributable to noncontrolling interests (22,981,000) (339,000) (714,000)
Net income (loss) attributable to common stockholders $ (26,154,000) $ 73,956,000 $ 57,012,000
Basic income per share: (in dollars per share) $ (0.50) $ 1.71 $ 1.32
Diluted income per share: (in dollars per share) $ (0.50) $ 1.71 $ 1.32
Condominium rights and unit sales      
Revenues:      
Revenue $ 1,143,000 $ 448,940,000 $ 357,720,000
EXPENSES      
Cost of goods and services sold 108,229,000 369,759,000 262,562,000
Master Planned Communities land sales      
Revenues:      
Revenue 233,044,000 330,146,000 261,905,000
EXPENSES      
Cost of goods and services sold 101,505,000 141,852,000 124,214,000
Other land, rental and property revenues      
Revenues:      
Revenue 105,048,000 206,966,000 160,519,000
Builder price participation      
Revenues:      
Revenue $ 37,072,000 $ 35,681,000 $ 27,085,000