XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES:        
Rental and other property income $ 12,838 $ 12,897 $ 39,496 $ 41,416
Hotel income $ 5,212 $ 1,525 $ 10,074 $ 10,153
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Hotel [Member] Hotel [Member] Hotel [Member] Hotel [Member]
Interest and other income $ 6,199 $ 2,912 $ 16,231 $ 7,810
Total Revenues 24,249 17,334 65,801 59,379
EXPENSES:        
Rental and other property operating 9,958 8,822 27,363 28,829
Asset management and other fees to related parties           2,262 2,387 6,781 7,408
Interest 2,185 2,643 7,490 8,706
General and administrative 1,625 1,736 5,393 5,138
Depreciation and amortization 5,061 5,273 15,167 15,728
Loss on early extinguishment of debt (Note 6) 0 281 0 281
EXPENSES 21,679 22,682 65,005 70,737
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES 2,570 (5,348) 796 (11,358)
Provision (benefit) for income taxes 946 (18) 2,316 (731)
NET INCOME (LOSS) 1,624 (5,330) (1,520) (10,627)
Net (income) loss attributable to noncontrolling interests 0 7 4 1
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 1,624 (5,323) (1,516) (10,626)
Redeemable preferred stock dividends declared or accumulated (Note 9) (4,723) (4,267) (13,810) (13,613)
Redeemable preferred stock deemed dividends (Note 9) (90) (87) (253) (300)
Redeemable preferred stock redemptions (Note 9) (27) (1) (53) (67)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (3,216) $ (9,678) $ (15,632) $ (24,606)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (0.14) $ (0.65) $ (0.88) $ (1.67)
Diluted (in usd per share) $ (0.14) $ (0.65) $ (0.88) $ (1.67)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 23,349 14,805 17,784 14,729
Diluted (in shares) 23,350 14,805 17,784 14,729
Corporate        
EXPENSES:        
Expense reimbursement to related parties $ 533 $ 639 $ 1,592 $ 2,066
Lending Segment        
EXPENSES:        
Expense reimbursement to related parties $ 55 $ 901 $ 1,219 $ 2,581