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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Rental revenue $ 97,864 $ 95,109
Total revenues 196,289 210,226
EXPENSES    
Operating costs 72,387 65,555
Rental property real estate taxes 15,419 15,182
Provision for (recovery of) doubtful accounts (2,420) 844
General and administrative 23,553 25,891
Depreciation and amortization 52,009 48,593
Other 3,571 2,409
Total expenses 191,058 197,340
OTHER    
Gain (loss) on sale or disposal of real estate and other assets, net 4,730 (9)
Other income (loss), net 4,981 (221)
Total other 9,711 (230)
Operating income (loss) 14,942 12,656
Interest income 4,092 24
Interest expense (38,137) (27,438)
Gain (loss) on extinguishment of debt 0 (282)
Equity in earnings (losses) from unconsolidated ventures (4,802) 17,912
Income (loss) before income taxes (23,905) 2,872
Income tax expense (benefit) (1,278) 701
Net income (loss) (22,627) 2,171
Net (income) loss attributable to noncontrolling interests (118) (49)
Net income (loss) attributable to common stockholders, basic (22,745) 2,122
Net income (loss) attributable to common stockholders, diluted $ (22,745) $ 2,122
Basic income (loss) per share (in dollars per share) $ (0.46) $ 0.04
Diluted income (loss) per share (in dollars per share) $ (0.46) $ 0.04
Condominium rights and unit sales    
REVENUES    
Revenues from contracts with customers $ 6,087 $ 19,616
EXPENSES    
Cost of sales 4,536 14,180
Master Planned Communities land sales    
REVENUES    
Revenues from contracts with customers 59,361 61,468
EXPENSES    
Cost of sales 22,003 24,686
Other land, rental, and property revenues    
REVENUES    
Revenues from contracts with customers 18,968 19,537
Builder price participation    
REVENUES    
Revenues from contracts with customers $ 14,009 $ 14,496