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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental income $ 19,346 $ 18,579 $ 39,318 $ 37,138
Total revenues 19,346 18,579 39,318 37,138
Operating Expenses:        
Property operating expenses 3,732 3,611 7,626 7,227
General and administrative 8,341 4,143 11,120 6,640
Depreciation and amortization 3,477 3,459 6,966 6,808
Total operating expenses 15,550 11,213 25,712 20,675
Operating income 3,796 7,366 13,606 16,463
Interest expense (6,665) (5,981) (13,338) (11,848)
Equity in earnings of unconsolidated affiliate 55 34 110 73
Other income 700 210 1,051 643
Net (loss) income (2,114) 1,629 1,429 5,331
Less: Net (loss) income attributable to noncontrolling interest (381) 466 182 1,568
Net (loss) income attributable to common stockholders $ (1,733) $ 1,163 $ 1,247 $ 3,763
Net (loss) income per common share attributable to common stockholders - basic earnings per share $ (0.13) $ 0.09 $ 0.09 $ 0.28
Net (loss) income per common share attributable to common stockholders - diluted earnings per share $ (0.13) $ 0.09 $ 0.09 $ 0.28
Weighted average common shares outstanding – basic 13,328,389 13,327,529 13,327,677 13,330,626
Weighted average common shares outstanding – diluted 13,328,389 13,363,179 13,512,566 13,366,275