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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental revenues $ 27,834 $ 24,247
Expenses:    
Depreciation 7,194 6,231
Amortization 904 757
Loss on real estate investment impairment 2,451
General and administrative expenses 1,544 1,462
Property taxes 3,714 3,718
Facility rent expenses 193 136
Total expenses 13,549 14,755
Income from operations 14,285 9,492
Interest expense, net (7,732) (4,808)
Amortization of deferred financing costs (161) (130)
Mortgage insurance premium (400) (415)
Total interest expense (8,293) (5,353)
Net income 5,992 4,139
Less:    
Net income attributable to non-controlling interest 5,246 3,644
Net income attributable to common stockholders 746 495
Other comprehensive income:    
Gain due to foreign currency translation 1,350 2,318
Comprehensive income attributable to non-controlling interest (1,182) (2,041)
Comprehensive income 914 772
Net income attributable to common stockholders $ 746 $ 495
Basic income per common share $ 0.12 $ 0.08
Diluted income per common share $ 0.12 $ 0.08
Weighted average number of common shares outstanding, Basic 6,478,288 6,365,856
Weighted average number of common shares outstanding, Diluted 6,478,288 6,365,856