XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Rental revenues $ 135,332 $ 128,175
Management, development and leasing fees 1,769 1,659
Other 3,001 3,350
Total revenues [1] 140,102 133,184
EXPENSES:    
Property operating (23,344) (21,802)
Depreciation and amortization (68,943) (48,112)
Real estate taxes (14,435) (16,551)
Maintenance and repairs (10,566) (10,781)
General and administrative (18,074) (12,612)
Loss on impairment   (57,182)
Litigation settlement 81 858
Total expenses (135,281) (166,182)
OTHER INCOME (EXPENSES):    
Interest and other income 155 776
Interest expense (90,659) (24,130)
Gain on deconsolidation 36,250 55,131
Gain (loss) on sales of real estate assets 16 (299)
Reorganization items, net (1,571) (22,933)
Income tax provision (801) (751)
Equity in earnings (losses) of unconsolidated affiliates 8,566 (3,076)
Total other income (expenses) (48,044) 4,718
Net loss (43,223) (28,280)
Net loss attributable to noncontrolling interests in:    
Operating Partnership 15 698
Other consolidated subsidiaries 2,486 819
Net loss attributable to common shareholders $ (40,722) $ (26,763)
Basic and diluted per share data attributable to common shareholders:    
Net loss attributable to common shareholders $ (1.45) $ (0.14)
Weighted-average common and potential dilutive common shares outstanding 27,998 196,509
[1] Management, development and leasing fees are included in All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments.