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Consolidated Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Rental income $ 50,876 $ 38,276
Fee and other 2,454 1,662
Total revenues 53,330 39,938
Operating expenses:    
Real estate taxes 7,168 5,399
Property operating expenses 5,625 3,987
General and administrative 13,110 10,643
Depreciation and amortization 17,727 13,990
Total operating expenses 43,630 34,019
Income from operations 9,700 5,919
Other income 1,029 401
Interest expense, net:    
Contractual interest expense (5,378) (2,739)
Write-off and amortization of deferred financing fees (596) (714)
Loss on early extinguishment of debt 0 (202)
Interest income 1 2
Total interest expense, net (5,973) (3,653)
Income before income tax expense 4,756 2,667
Income tax expense (12) (111)
Net income 4,744 2,556
Net income attributable to Operating Partnership unitholders’ non-controlling interests (890) (501)
Net income attributable to common stockholders $ 3,854 $ 2,055
Net income per share:    
Basic (in dollars per share) $ 0.15 $ 0.10
Diluted (in dollars per share) $ 0.15 $ 0.10
Weighted average common shares outstanding:    
Basic (in shares) 18,545,494 13,689,251
Diluted (in shares) 18,545,494 13,689,251
Comprehensive income:    
Net income $ 4,744 $ 2,556
Unrealized gain on derivative instruments 8,249 960
Comprehensive income 12,993 3,516
Comprehensive income attributable to Operating Partnership unitholders’ non-controlling interests (2,419) (695)
Comprehensive income attributable to common stockholders $ 10,574 $ 2,821