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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES:        
Rental and other property income $ 17,061 $ 14,194 $ 49,999 $ 42,484
Hotel income 7,485 7,965 29,590 24,476
Interest and other income 3,572 2,694 10,201 9,078
Total Revenues 28,118 24,853 89,790 76,038
EXPENSES:        
Rental and other property operating 15,509 13,334 47,713 37,557
Asset management and other fees to related parties           724 916 2,071 2,757
Interest 9,733 2,193 24,678 6,766
General and administrative 2,142 1,907 5,751 4,975
Transaction-related costs 38 201 3,398 201
Depreciation and amortization 16,082 5,093 46,056 15,071
Total Expenses 45,400 24,694 133,562 70,398
Income (loss) from unconsolidated entities 1,189 (204) 1,053 176
Gain on sale of real estate (Note 3) 0 0 1,104 0
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (16,093) (45) (41,615) 5,816
Provision for income taxes 554 187 969 815
NET (LOSS) INCOME (16,647) (232) (42,584) 5,001
Net loss (income) attributable to noncontrolling interests 874 (5) 2,501 (19)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY (15,773) (237) (40,083) 4,982
Redeemable preferred stock dividends declared or accumulated (Note 11) (6,809) (6,584) (18,341) (16,763)
Redeemable preferred stock deemed dividends (Note 11) 0 0 0 (19)
Redeemable preferred stock redemptions (Note 11) (352) (4,863) (1,040) (5,044)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (22,934) $ (11,684) $ (59,464) $ (16,844)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (1.01) $ (0.50) $ (2.62) $ (0.72)
Diluted (in usd per share) $ (1.01) $ (0.50) $ (2.62) $ (0.72)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 22,738 23,209 22,717 23,303
Diluted (in shares) 22,738 23,209 22,717 23,303
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 $ 524 $ 511 $ 1,729 $ 1,459
Lending Segment        
EXPENSES:        
Expense reimbursements to related parties $ 648 $ 539 $ 2,166 $ 1,612