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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental and other revenue from real estate properties $ 23,778 $ 23,255 $ 47,076 $ 46,194
Interest and other income 84 63 189 63
Total revenues 23,862 23,318 47,265 46,257
Expenses:        
Real estate operating expenses - including $8 and $10 to related parties for the three months ended and $17 and $16 for the six months ended 10,846 10,548 21,425 20,982
Interest expense 5,500 5,513 11,023 10,996
General and administrative - including $141 and $165 to related parties for the three months ended and $361 and $337 for the six months ended 3,813 3,848 7,965 7,903
Depreciation and amortization 6,466 7,543 12,901 15,551
Total expenses 26,625 27,452 53,314 55,432
Total revenues less total expenses (2,763) (4,134) (6,049) (9,175)
Equity in earnings of unconsolidated joint ventures 389 464 617 1,279
Equity in earnings from sale of unconsolidated joint ventures properties 0 14,744 0 14,744
Insurance recovery of casualty loss 0 215 0 215
Gain on insurance recoveries 0 0 0 240
(Loss) income from continuing operations (2,374) 11,289 (5,432) 7,303
Income tax (benefit) provision (65) 51 13 127
(Loss) income from continuing operations, net of taxes (2,309) 11,238 (5,445) 7,176
Net income attributable to non-controlling interest (36) (36) (71) (72)
Net (loss) income attributable to common stockholders $ (2,345) $ 11,202 $ (5,516) $ 7,104
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 17,737,452 18,155,062 17,681,514 18,110,508
Diluted (in shares) 17,737,452 18,220,814 17,681,514 18,157,804
Per share amounts attributable to common stockholders:        
Basic (in dollars per share) $ (0.13) $ 0.59 $ (0.30) $ 0.37
Diluted (in dollars per share) $ (0.13) $ 0.58 $ (0.30) $ 0.37