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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Rental revenue $ 95,109 $ 85,899
Total revenues 210,226 190,580
EXPENSES    
Operating costs 65,555 58,598
Rental property real estate taxes 15,182 13,991
Provision for (recovery of) doubtful accounts 844 (578)
General and administrative 25,891 21,766
Depreciation and amortization 48,593 49,308
Other 2,409 1,644
Total expenses 197,340 215,348
OTHER    
Gain (loss) on sale or disposal of real estate and other assets, net (9) 0
Other income (loss), net (221) (10,308)
Total other (230) (10,308)
Operating income (loss) 12,656 (35,076)
Interest income 24 41
Interest expense (27,438) (34,210)
Gain (loss) on extinguishment of debt (282) (35,915)
Equity in earnings (losses) from real estate and other affiliates 17,912 15,796
Income (loss) before income taxes 2,872 (89,364)
Income tax expense (benefit) 701 (21,205)
Net income (loss) 2,171 (68,159)
Net (income) loss attributable to noncontrolling interests (49) 1,565
Net income (loss) attributable to common stockholders, basic 2,122 (66,594)
Net income (loss) attributable to common stockholders, diluted $ 2,122 $ (66,594)
Basic income (loss) per share (in dollars per share) $ 0.04 $ (1.20)
Diluted income (loss) per share (in dollars per share) $ 0.04 $ (1.20)
Condominium rights and unit sales    
REVENUES    
Revenues from contracts with customers $ 19,616 $ 37,167
EXPENSES    
Cost of sales 14,180 54,968
Master Planned Communities land sales    
REVENUES    
Revenues from contracts with customers 61,468 37,477
EXPENSES    
Cost of sales 24,686 15,651
Other land, rental and property revenues    
REVENUES    
Revenues from contracts with customers 19,537 23,243
Builder price participation    
REVENUES    
Revenues from contracts with customers $ 14,496 $ 6,794