| Dec'18 | Dec'17 | Dec'16 | ||||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental income | ||||||
240,410 | 226,586 | 236,801 | ||||
Interest income on loans receivable | ||||||
3,080 | 768 | 2,207 | ||||
Other income | ||||||
2,817 | 4,448 | 6,295 | ||||
Total revenues | ||||||
246,307 | 231,802 | 245,303 | ||||
Expenses: | ||||||
General and administrative | ||||||
13,425 | 20,491 | 18,956 | ||||
Related party fees | ||||||
19,533 | 5,500 | 5,427 | ||||
Transaction costs | ||||||
8,700 | 4,400 | - | ||||
Restructuring charges | ||||||
- | - | 2,465 | ||||
Transaction costs | ||||||
- | - | 0 | ||||
Property costs (including reimbursable) | ||||||
12,758 | 12,496 | 5,258 | ||||
Interest | ||||||
114,997 | 76,733 | - | ||||
Interest | ||||||
- | - | 77,895 | ||||
Depreciation and amortization | ||||||
84,678 | 80,386 | 85,761 | ||||
Impairment, net of recoveries for loan losses | ||||||
221,349 | 33,548 | - | ||||
Impairment and allowance for loan losses | ||||||
- | - | 26,565 | ||||
Total expenses | ||||||
475,416 | 233,508 | 222,327 | ||||
Loss on debt extinguishment | ||||||
-366 | -2,223 | -1,372 | ||||
Gain on disposition of real estate assets | ||||||
9,458 | 22,393 | 26,499 | ||||
Total other (loss) income | ||||||
9,092 | 20,170 | 25,127 | ||||
(Loss) income before income tax expense | ||||||
-220,017 | 18,464 | 48,103 | ||||
Income tax expense | ||||||
221 | 179 | 181 | ||||
Net (loss) income and total comprehensive (loss) income | ||||||
-220,238 | 18,285 | 47,922 | ||||
Total comprehensive (loss) income | ||||||
- | - | 47,922 | ||||
Preferred dividends | ||||||
9,275 | - | 0 | ||||
Net (loss) income attributable to common shareholders | ||||||
-229,513 | 18,285 | 47,922 | ||||
Net (loss) income per share attributable to common shareholders: | ||||||
Basic | ||||||
-5.36 | 0.43 | 1.12 | ||||
Diluted | ||||||
-5.36 | 0.43 | 1.12 | ||||
Weighted average common shares outstanding: | ||||||
Basic | ||||||
42,851 | 42,851 | 42,851 | ||||
Diluted | ||||||
42,851 | 42,851 | 42,851 | ||||