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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental and other revenue from real estate properties $ 23,619 $ 23,298
Loan interest and other income 487 105
Total revenues 24,106 23,403
Expenses:    
Real estate operating expenses 10,550 10,579
Interest expense 5,676 5,523
General and administrative - including $178 and $182 to related parties 4,070 4,152
Depreciation and amortization 6,541 6,435
Total expenses 26,837 26,689
Total revenues less total expenses (2,731) (3,286)
Equity in earnings of unconsolidated joint ventures 413 228
Insurance recovery of casualty loss 68 0
Loss from continuing operations (2,250) (3,058)
Income tax provision 58 78
Loss from continuing operations, net of taxes (2,308) (3,136)
Net income attributable to non-controlling interest (44) (35)
Net loss attributable to common stockholders $ (2,352) $ (3,171)
Weighted average number of shares of common stock outstanding:    
Basic (in shares) 17,987,092 17,625,577
Diluted (in shares) 17,987,092 17,625,577
Per share amounts attributable to common stockholders:    
Basic (in dollars per share) $ (0.12) $ (0.17)
Diluted (in dollars per share) $ (0.12) $ (0.17)