XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Rental and other revenues $ 179,096 $ 180,485 $ 164,041
Operating expenses:      
Property operating expenses 69,997 67,739 58,005
General and administrative 14,841 13,782 15,489
Depreciation and amortization 62,987 62,495 57,317
Impairment of real estate 0 13,444 0
Total operating expenses 147,825 157,460 130,811
Operating income 31,271 23,025 33,230
Interest expense:      
Contractual interest expense (31,876) (25,784) (23,268)
Amortization of deferred financing costs and debt fair value (1,296) (1,218) (1,332)
Interest expense, net (33,172) (27,002) (24,600)
Net (loss)/gain on disposition of real estate property (134) 21,658 476,651
Net (loss)/income (2,035) 17,681 485,281
Net income attributable to non-controlling interests in properties (647) (691) (886)
Net (loss)/income attributable to the Company (2,682) 16,990 484,395
Preferred stock distributions (7,420) (7,420) (7,420)
Net (loss)/income attributable to common stockholders $ (10,102) $ 9,570 $ 476,975
Net (loss)/income per common share:      
Basic $ (0.25) $ 0.23 $ 10.97
Diluted $ (0.25) $ 0.22 $ 10.8
Weighted average common shares outstanding:      
Basic 39,922 42,052 43,498
Diluted 39,922 42,866 44,145
Dividend distributions declared per common share $ 0.5 $ 0.8 $ 0.65