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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income from rental operations        
Real estate rental income $ 34,531 $ 33,053 $ 101,264 $ 96,736
Expenses from rental operations        
Operating expenses 14,363 14,184 42,209 37,956
Real estate taxes 3,565 3,489 10,700 10,123
Depreciation and amortization 6,120 5,551 17,865 16,634
Interest 5,081 4,671 14,882 13,261
Total expenses from rental operations 29,129 27,895 85,656 77,974
Administration of REIT        
Administration of REIT 1,471 1,007 4,087 3,267
Total expenses 30,600 28,902 89,743 81,241
Income from operations 3,931 4,151 11,521 15,495
Other income        
Equity in losses of unconsolidated affiliates (499) (67) (1,923) (183)
Other income 271 1,085 714 1,574
Gain on sale or conversion of real estate investments 6,557   9,897 1,710
Gain on involuntary conversion 56 549 603 1,236
Total other income 6,385 1,567 9,291 4,337
Net income 10,316 5,718 20,812 19,832
Net income attributable to noncontrolling interest in operating partnership 6,601 3,753 13,277 12,861
Net income attributable to noncontrolling interest in partially owned properties (53) (139) (15) (148)
Net income attributable to Sterling Real Estate Trust $ 3,768 $ 2,104 $ 7,550 $ 7,119
Net income attributable to Sterling Real Estate Trust per common share, basic $ 0.35 $ 0.21 $ 0.71 $ 0.71
Net income attributable to Sterling Real Estate Trust per common share, diluted $ 0.35 $ 0.21 $ 0.71 $ 0.71
Comprehensive income:        
Net income $ 10,316 $ 5,718 $ 20,812 $ 19,832
Other comprehensive gain (loss) - change in fair value of interest rate swaps 4,967 (66) 15,306 1,473
Comprehensive income 15,283 5,652 36,118 21,305
Comprehensive income attributable to noncontrolling interest 9,707 3,571 23,021 13,661
Comprehensive income attributable to Sterling Real Estate Trust $ 5,576 $ 2,081 $ 13,097 $ 7,644
Weighted average Common Shares outstanding, basic 10,685,000 10,215,000 10,572,000 10,095,000
Weighted average Common Shares outstanding, diluted 10,685,000 10,215,000 10,572,000 10,095,000