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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income from rental operations        
Real estate rental income $ 41,477 $ 36,201 $ 118,035 $ 106,930
Expenses from rental operations        
Operating expenses 17,667 16,237 49,960 50,711
Real estate taxes 4,120 3,792 13,047 11,395
Depreciation and amortization 7,622 5,990 20,564 19,026
Interest 6,577 5,377 17,455 16,064
Total expenses from rental operations 35,986 31,396 101,026 97,196
Administration of REIT 1,197 1,229 4,083 3,680
Total expenses 37,183 32,625 105,109 100,876
Income from operations 4,294 3,576 12,926 6,054
Other (loss) income        
Equity in losses of unconsolidated affiliates (826) (666) (2,239) (2,538)
Other income 276 506 1,057 1,255
Gain on sale or conversion of real estate investments 241   3,069 2,596
Gain on involuntary conversion 96   95 89
Total other (loss) income (213) (160) 1,982 1,402
Net income 4,081 3,416 14,908 7,456
Net income (loss) attributable to noncontrolling interest:        
Operating partnership 2,742 2,119 9,428 4,717
Partially owned properties (357) 30 (274) (59)
Net income attributable to Sterling Real Estate Trust $ 1,696 $ 1,267 $ 5,754 $ 2,798
Net income attributable to Sterling Real Estate Trust per common share, basic $ 0.15 $ 0.11 $ 0.50 $ 0.25
Net income attributable to Sterling Real Estate Trust per common share, diluted $ 0.15 $ 0.11 $ 0.50 $ 0.25
Comprehensive income        
Net income $ 4,081 $ 3,416 $ 14,908 $ 7,456
Other comprehensive (loss) gain - change in fair value of interest rate swaps (4,897) 2,339 (471) 1,984
Other comprehensive (loss) gain (816) 5,755 14,437 9,440
Comprehensive (loss) income attributable to noncontrolling interest (644) 3,611 8,861 5,904
Comprehensive (loss) income attributable to Sterling Real Estate Trust $ (172) $ 2,144 $ 5,576 $ 3,536
Weighted average common shares outstanding, basic 11,512,000 11,157,000 11,403,000 11,050,000
Weighted average common shares outstanding, diluted 11,512,000 11,157,000 11,403,000 11,050,000