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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Rental and other property income $ 18,052 $ 14,194 $ 32,938 $ 28,290
Hotel income 11,182 9,107 22,105 16,511
Interest and other income 3,526 3,102 6,629 6,384
Total Revenues 32,760 26,403 61,672 51,185
EXPENSES:        
Rental and other property operating 16,979 12,731 32,204 24,223
Asset management and other fees to related parties           627 920 1,347 1,841
Interest 8,709 2,403 14,945 4,573
General and administrative 1,684 1,253 3,609 3,068
Transaction-related costs 0 0 3,360 0
Depreciation and amortization 20,472 4,974 29,974 9,978
Total Expenses 50,058 23,411 88,162 45,704
(Loss) income from unconsolidated entities (904) 260 (136) 380
Gain on sale of real estate (Note 3) 0 0 1,104 0
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (18,202) 3,252 (25,522) 5,861
Provision for income taxes 159 321 415 628
NET (LOSS) INCOME (18,361) 2,931 (25,937) 5,233
Net loss (income) attributable to noncontrolling interests 1,002 (9) 1,627 (14)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY (17,359) 2,922 (24,310) 5,219
Redeemable preferred stock dividends declared or accumulated (Note 11) (6,141) (5,161) (11,532) (10,179)
Redeemable preferred stock deemed dividends (Note 11) 0 (4) 0 (19)
Redeemable preferred stock redemptions (Note 11) (315) (106) (688) (181)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (23,815) $ (2,349) $ (36,530) $ (5,160)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (1.05) $ (0.10) $ (1.61) $ (0.22)
Diluted (in usd per share) $ (1.05) $ (0.10) $ (1.61) $ (0.22)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 22,707 23,353 22,707 23,351
Diluted (in shares) 22,707 23,353 22,707 23,351
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Hotel [Member] Hotel [Member] Hotel [Member] Hotel [Member]
Corporate        
EXPENSES:        
Expense reimbursements to related parties $ 677 $ 526 $ 1,205 $ 948
Lending Segment        
EXPENSES:        
Expense reimbursements to related parties $ 910 $ 604 $ 1,518 $ 1,073