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Note 10 - Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

Three months ended September 30, 2023

 

Commercial

   

Residential

   

Total

 

Rental income

  $ 9,627     $ 25,501     $ 35,128  

Total revenues

  $ 9,627     $ 25,501     $ 35,128  

Property operating expenses

    1,248       6,682       7,930  

Real estate taxes and insurance

    2,540       4,834       7,374  

General and administrative

    606       2,734       3,340  

Depreciation and amortization

    1,457       5,825       7,282  

Total operating expenses

    5,851       20,075       25,926  

Income from operations

  $ 3,776     $ 5,426     $ 9,202  

Three months ended September 30, 2022

 

Commercial

   

Residential

   

Total

 

Rental income

  $ 9,692     $ 23,108     $ 32,800  

Total revenues

  $ 9,692     $ 23,108     $ 32,800  

Property operating expenses

    1,240       6,027       7,267  

Real estate taxes and insurance

    2,228       6,024       8,252  

General and administrative

    598       2,611       3,209  

Transaction pursuit costs

          (10 )     (10 )

Depreciation and amortization

    1,386       5,398       6,784  

Total operating expenses

    5,452       20,050       25,502  

Income from operations

  $ 4,240       3,058       7,298  

Nine months ended September 30, 2023

 

Commercial

   

Residential

   

Total

 

Rental income

  $ 28,857     $ 74,481     $ 103,338  

Total revenues

    28,857       74,481       103,338  

Property operating expenses

    3,511       19,300       22,811  

Real estate taxes and insurance

    7,069       17,541       24,610  

General and administrative

    1,792       8,237       10,029  

Transaction pursuit costs

          357       357  

Depreciation and amortization

    4,346       17,030       21,376  

Total operating expenses

    16,718       62,465       79,183  

Income from operations

  $ 12,139     $ 12,016     $ 24,155  

Nine months ended September 30, 2022

 

Commercial

   

Residential

   

Total

 

Rental income

  $ 29,570     $ 67,167     $ 96,737  

Total revenues

    29,570       67,167       96,737  

Property operating expenses

    3,567       18,167       21,734  

Real estate taxes and insurance

    6,264       17,805       24,069  

General and administrative

    1,745       7,603       9,348  

Transaction pursuit costs

    81       425       506  

Depreciation and amortization

    4,108       16,113       20,221  

Total operating expenses

    15,765       60,113       75,878  

Income from operations

  $ 13,805     $ 7,054     $ 20,859  
   

Commercial

   

Residential

   

Total

 

September 30, 2023 (unaudited)

  $ 312,029     $ 927,730     $ 1,239,759  

December 31, 2022

    312,404       917,227       1,229,631  
   

Commercial

   

Residential

   

Total

 

Three months ended September 30,

                       

2023

  $ 2,577     $ 8,950     $ 11,527  

2022

  $ 2,533     $ 7,553     $ 10,086  
                         

Nine months ended September 30,

                       

2023

  $ 7,584     $ 25,412     $ 32,996  

2022

  $ 7,537     $ 22,539     $ 30,076  
   

Commercial

   

Residential

   

Total

 

Three months ended September 30,

                       

2023

  $ 689     $ 10,067     $ 10,756  

2022

  $ 917     $ 8,883     $ 9,800  
                         

Nine months ended September 30,

                       

2023

  $ 2,929     $ 25,414     $ 28,343  

2022

  $ 2,545     $ 39,859     $ 42,404