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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Rental revenues $ 425 $ 274 $ 724 $ 578
Other income 256 128 302 151
Total revenues 681 402 1,026 729
Operating Expenses        
Property operating expenses 1,460 1,162 3,114 2,755
Real estate taxes 20 20 40 40
General and administrative 1,235 1,431 2,438 2,765
Pension related costs 162 165 325 330
Transaction related costs 3 89 4 104
Depreciation and amortization 715 785 1,430 1,386
Total operating expenses 3,595 3,652 7,351 7,380
Gain on sale of school condominium   24,196 0 24,196
Operating (loss) income (2,914) 20,946 (6,325) 17,545
Equity in net loss from unconsolidated joint ventures (264) (135) (636) (1,126)
Unrealized gain (loss) on warrants 67 188 (1,910) 1,388
Interest expense, net (881) (254) (1,482) (250)
Interest expense - amortization of deferred finance costs (623) (108) (816) (108)
(Loss) income before taxes (4,615) 20,637 (11,169) 17,449
Tax expense (99) (102) (134) (167)
Net (loss) income attributable to common stockholders (4,714) 20,535 (11,303) 17,282
Other comprehensive gain:        
Unrealized gain on pension liability 118 113 237 225
Comprehensive (loss) income attributable to common stockholders $ (4,596) $ 20,648 $ (11,066) $ 17,507
(Loss) income per share - basic and diluted $ (0.14) $ 0.64 $ (0.35) $ 0.54
Weighted average number of common shares - basic and diluted 32,694 32,303 32,643 32,286