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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental and other revenue from real estate properties $ 11,430 $ 7,095
Other income 4 4
Total revenues 11,434 7,099
Expenses:    
Real estate operating expenses - including $11 and $7 to related parties 4,753 3,117
Interest expense 2,021 1,660
General and administrative - including $246 and $172 to related parties 3,633 3,114
Depreciation and amortization 3,606 1,537
Total expenses 14,013 9,428
Total revenues less total expenses (2,579) (2,329)
Equity in earnings (loss) of unconsolidated joint ventures 1,230 (1,345)
Equity in earnings from sale of unconsolidated joint ventures properties 12,961 0
Gain on sale of real estate 6 0
Income (loss) from continuing operations 11,618 (3,674)
Income tax provision 74 57
Net income (loss) from continuing operations, net of taxes 11,544 (3,731)
Net income attributable to non-controlling interest (36) (34)
Net income (loss) attributable to common stockholders $ 11,508 $ (3,765)
Weighted average number of shares of common stock outstanding:    
Basic (in shares) 17,561,802 17,319,222
Diluted (in shares) 17,654,349 17,319,222
Per share amounts attributable to common stockholders:    
Basic (in dollars per share) $ 0.62 $ (0.22)
Diluted (in dollars per share) $ 0.62 $ (0.22)