Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity

Schedule of common stock purchases under Common Stock Repurchase Plan

Purchase (Trade) Date	Shares Purchased	Price Per Share		Total Cost (1)
August 6, 2024	2,830	$	11.45	$	32,467
Total	2,830	$	11.45	$	32,467

(1) Total cost including transaction fees.

Schedule of earnings (loss) per common share

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Basic and diluted shares outstanding
Weighted average Common Shares – basic		1,116,391		1,109,405		1,117,099		1,109,631
Effect of conversion of Operating Partnership Units		6,150		13,346		6,150		13,346
Weighted average Common Shares – diluted		1,122,541		1,122,751		1,123,249		1,122,977
Calculation of loss per share – basic and diluted
Net loss attributable to common stockholders	$	(526,996)	$	(1,948,827)			$	(4,047,786)
Weighted average Common Shares – basic and diluted		1,116,391		1,109,405				1,109,631
Loss per share – basic and diluted	$	(0.47)	$	(1.76)			$	(3.65)
Calculation of earnings per share – basic
Net income attributable to common stockholders					$	308,700
Weighted average Common Shares – basic						1,117,099
Earnings per share – basic					$	0.28
Calculation of earnings per share – diluted
Net income attributable to common stockholders					$	308,700
Weighted average Common Shares – diluted						1,123,249
Earnings per share – diluted					$	0.28

Schedule of dividends and distributions to common shareholders and noncontrolling interests

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Common stockholders (dividends)	$	55,904	$	—	$	122,978	$	354,394
Hanover Square Property noncontrolling interest (distributions)		7,940		—		516,596		16,000
Parkway Property noncontrolling interest (distributions)		—		—		24,300		—
Operating Partnership Unit holders (distributions)		11,710		—		21,785		4,271
Total dividends and distributions	$	75,554	$	—	$	685,659	$	374,665