XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Rental and other property income $ 14,194 $ 13,309 $ 28,290 $ 26,658
Hotel income 9,107 3,130 16,511 4,862
Interest and other income 3,102 6,234 6,384 10,032
Total Revenues 26,403 22,673 51,185 41,552
EXPENSES:        
Rental and other property operating 12,731 9,115 24,223 17,405
Asset management and other fees to related parties           920 2,260 1,841 4,519
Interest 2,403 2,673 4,573 5,305
General and administrative 1,253 1,146 3,068 3,768
Depreciation and amortization 4,974 5,069 9,978 10,106
Total Expenses 23,411 21,150 45,704 43,326
Income from unconsolidated entity 260 0 380 0
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 3,252 1,523 5,861 (1,774)
Provision for income taxes 321 996 628 1,370
NET INCOME (LOSS) 2,931 527 5,233 (3,144)
Net (income) loss attributable to noncontrolling interests (9) 3 (14) 4
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 2,922 530 5,219 (3,140)
Redeemable preferred stock dividends declared or accumulated (Note 10) (5,161) (4,621) (10,179) (9,087)
Redeemable preferred stock deemed dividends (Note 10) (4) (106) (19) (163)
Redeemable preferred stock redemptions (Note 10) (106) (13) (181) (26)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,349) $ (4,210) $ (5,160) $ (12,416)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (0.10) $ (0.28) $ (0.22) $ (0.83)
Diluted (in usd per share) $ (0.10) $ (0.28) $ (0.22) $ (0.83)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 23,353 15,102 23,351 14,956
Diluted (in shares) 23,353 15,102 23,351 14,956
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Hotel income Hotel income Hotel income Hotel income
Corporate        
EXPENSES:        
Expense reimbursement to related parties $ 526 $ 454 $ 948 $ 1,059
Lending Segment        
EXPENSES:        
Expense reimbursement to related parties $ 604 $ 433 $ 1,073 $ 1,164