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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenues:                    
Rental and other revenue from real estate properties $ 22,711 $ 21,691 $ 14,683 $ 11,430 $ 10,279 $ 7,709 $ 6,958 $ 7,095 $ 70,515 $ 32,041
Other income 0 6 2 4 4 5 3 4 12 16
Total revenues 22,711 21,697 14,685 11,434 10,283 7,714 6,961 7,099 70,527 32,057
Expenses:                    
Real estate operating expenses—including $36 and $31 to related parties 10,262 9,195 6,348 4,753 4,515 3,404 3,166 3,117 30,558 14,202
Interest expense 5,520 5,061 2,912 2,021 1,953 1,535 1,609 1,660 15,514 6,757
General and administrative—including $739 and $641 to related party 3,815 3,673 3,533 3,633 3,239 3,114 3,154 3,114 14,654 12,621
Impairment charge         0 0 520 0 0 520
Depreciation and amortization 8,031 8,165 5,010 3,606 3,285 1,787 1,416 1,537 24,812 8,025
Total expenses 27,628 26,094 17,803 14,013 12,992 9,840 9,865 9,428 85,538 42,125
Total revenues less total expenses (4,917) (4,397) (3,118) (2,579) (2,709) (2,126) (2,904) (2,329) (15,011) (10,068)
Equity in earnings (loss) of unconsolidated joint ventures 580 135 (50) 1,230 1,825 (4,196) (492) (1,345) 1,895 (4,208)
Equity in earnings from sale of unconsolidated joint venture properties 0 11,472 40,098 12,961 0 34,982 0 0 64,531 34,982
Gain on sale of real estate 0 0 0 6 0 414 7,279 0 6 7,693
Casualty loss (850) 0 0 0         (850) 0
Insurance recovery of casualty loss 850 0 0 0         850 0
Gain on insurance recovery 0 62 0         62 0
Gain on sale of partnership interest 0 0 0 388 0 2,244 0 0 2,632
Loss on extinguishment of debt 0 0 (563) 0 (673) (902) 0 0 (563) (1,575)
Income (loss) from continuing operations (4,337) 7,272 36,367 11,618 (1,169) 28,172 6,127 (3,674) 50,920 29,456
Provision for taxes (155) 178 724 74 51 31 67 57 821 206
Net income (loss) from continuing operations, net of taxes (4,182) 7,094 35,643 11,544 (1,220) 28,141 6,060 (3,731) 50,099 29,250
Income attributable to non-controlling interests (37) (35) (36) (36) (34) (35) (33) (34) (144) (136)
Net income (loss) attributable to common stockholders $ (4,219) $ 7,059 $ 35,607 $ 11,508 $ (1,254) $ 28,106 $ 6,027 $ (3,765) $ 49,955 $ 29,114
Weighted average number of shares of common stock outstanding:                    
Basic (in shares)                 17,793,035 17,017,690
Diluted (in shares)                 17,852,951 17,084,642
Per share amounts attributable to common stockholders                    
Basic (in dollars per share) $ (0.22) $ 0.37 $ 1.91 $ 0.62 $ (0.08) $ 1.55 $ 0.34 $ (0.22) $ 2.67 $ 1.63
Diluted (in dollars per share) $ (0.22) $ 0.37 $ 1.91 $ 0.62 $ (0.08) $ 1.54 $ 0.34 $ (0.22) $ 2.66 $ 1.62