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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Rental revenues $ 99,805 $ 92,543
Expenses:    
Depreciation 26,207 25,530
Amortization 3,028 3,028
Loss on real estate investment impairment 2,451
General and administrative expenses 5,662 6,012
Property taxes 14,459 13,131
Facility rent expenses 559 532
Credit for doubtful accounts (5,636)
Total expenses 52,366 42,597
Income from operations 47,439 49,946
Interest expense, net (24,443) (20,507)
Amortization of deferred financing costs (560) (504)
Mortgage insurance premium (1,671) (1,704)
Total interest expense (26,674) (22,715)
Other income (loss):    
Foreign currency transaction gain (loss) 462 (10,932)
Other (loss) income (983) 120
Total other loss (521) (10,812)
Net income 20,244 16,419
Less:    
Net income attributable to non-controlling interest (17,748) (14,567)
Net income attributable to common shareholders 2,496 1,852
Other comprehensive income:    
Gain due to foreign currency translation 1,624 14,256
Reclassification of foreign currency transaction (gains) losses (462) 10,932
Comprehensive income attributable to non-controlling interest (1,019) (22,347)
Comprehensive income 2,639 4,693
Net income attributable to common stockholders $ 2,496 $ 1,852
Basic income per common share $ 0.39 $ 0.31
Diluted income per common share $ 0.39 $ 0.31
Weighted average number of common shares outstanding, Basic 6,365,196 6,008,953
Weighted average number of common shares outstanding, Diluted 6,365,196 6,008,953