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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental and other revenue from real estate properties $ 6,958 $ 6,657 $ 14,053 $ 13,402
Other income 3 159 7 338
Total revenues 6,961 6,816 14,060 13,740
Expenses:        
Real estate operating expenses - including $7 and $8 to related parties for the three months ended and $14 and $16 for the six months ended 3,166 3,004 6,283 6,062
Interest expense 1,609 1,809 3,269 3,669
General and administrative - including $179 and $238 to related parties for the three months ended and $351 and $464 for the six months ended 3,154 2,957 6,268 6,324
Impairment charge 520 0 520 0
Depreciation 1,416 1,809 2,953 3,370
Total expenses 9,865 9,579 19,293 19,425
Total revenues less total expenses (2,904) (2,763) (5,233) (5,685)
Equity in loss of unconsolidated joint ventures (492) (1,387) (1,837) (3,202)
Gain on sale of real estate 7,279 0 7,279 0
Gain on sale of partnership interest 2,244 0 2,244 0
Income (loss) from continuing operations 6,127 (4,150) 2,453 (8,887)
Income tax provision 67 65 124 127
Net income (loss) from continuing operations, net of taxes 6,060 (4,215) 2,329 (9,014)
Net income attributable to non-controlling interests (33) (31) (67) (63)
Net income (loss) attributable to common stockholders $ 6,027 $ (4,246) $ 2,262 $ (9,077)
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 17,720,488 17,176,401 17,520,963 17,054,327
Diluted (in shares) 17,720,488 17,176,401 17,520,963 17,054,327
Per share amounts attributable to common stockholders:        
Basic (in dollars per share) $ 0.34 $ (0.25) $ 0.13 $ (0.53)
Diluted (in dollars per share) $ 0.34 $ (0.25) $ 0.13 $ (0.53)