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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenue $ 256,716 $ 201,705 $ 177,994
EXPENSES      
Property operating expenses, excluding real estate taxes 80,070 57,753 51,625
Real estate taxes 28,567 24,104 21,533
Property management expense 9,895 8,752 5,801
Casualty loss 1,591 344 1,662
Depreciation and amortization 105,257 92,165 75,593
General and administrative expenses 17,516 16,213 13,440
TOTAL EXPENSES 242,896 199,331 169,654
Gain (loss) on sale of real estate and other investments 41 27,518 25,503
Operating income (loss) 13,861 29,892 33,843
Interest expense (32,750) (29,078) (27,525)
Interest and other income (loss) 1,248 (2,915) (1,575)
Net income (loss) (17,641) (2,101) 4,743
Dividends to preferred unitholders (640) (640) (640)
Net (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units 4,299 2,806 212
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities (127) (94) 126
Net income (loss) attributable to controlling interests (14,109) (29) 4,441
Dividends to preferred shareholders (6,428) (6,428) (6,528)
Redemption of preferred shares 0 0 297
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (20,537) $ (6,457) $ (1,790)
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC (in dollars per share) $ (1.35) $ (0.47) $ (0.15)
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share) $ (1.35) $ (0.47) $ (0.15)
Weighted average shares - basic (in shares) 15,216 13,803 12,564
Weighted average shares - diluted (in shares) 15,216 13,803 12,564