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Consolidated Statements of Operations
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
REVENUES:      
Rental and other property income $ 88,331 $ 147,095 $ 175,534
Hotel income 35,633 35,672 35,576
Interest and other income 16,025 14,703 24,949
REVENUES 139,989 197,470 236,059
EXPENSES:      
Rental and other property operating 62,928 79,917 101,268
Asset management and other fees to related parties 18,303 24,451 30,251
Interest 12,175 26,894 34,484
General and administrative 6,354 9,167 5,479
Transaction costs (Note 15) 574 938 11,862
Depreciation and amortization 27,374 53,228 58,364
Loss on early extinguishment of debt (Note 7) 29,982 808 8,215
Impairment of real estate (Note 2) 69,000 0 13,100
EXPENSES 226,690 195,403 263,023
Gain on sale of real estate (Note 3) 433,104 0 408,098
INCOME BEFORE PROVISION FOR INCOME TAXES 346,403 2,067 381,134
Provision for income taxes 882 925 1,376
NET INCOME 345,521 1,142 379,758
Net loss (income) attributable to noncontrolling interests 152 (21) (21)
NET INCOME ATTRIBUTABLE TO THE COMPANY 345,673 1,121 379,737
Redeemable preferred stock dividends declared or accumulated (Note 10) (17,095) (15,423) (1,926)
Redeemable preferred stock redemptions (Note 10) (5,882)    
Redeemable preferred stock redemptions (Note 10)   4 2
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 322,696 $ (14,298) $ 377,813
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE      
Basic (in usd per share) | $ / shares [1] $ 22.11 $ (0.98) $ 16.41
Diluted (in usd per share) | $ / shares [1] $ 19.74 $ (0.98) $ 16.41
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING      
Basic (in shares) | shares [1] 14,598 14,597 23,021
Diluted (in shares) | shares [1] 16,493 14,597 23,023
[1] All share and per share amounts have been adjusted to give retroactive effect to the one-for-three reverse stock split of our common stock effected on September 3, 2019.