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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Rental revenues $ 37,333 $ 27,834
Expenses:    
Depreciation 8,682 7,194
Amortization 2,588 904
General and administrative expenses 2,201 1,544
Property taxes 3,651 3,714
Facility rent expenses 149 193
Provision for doubtful accounts (144)
Total expenses 17,127 13,549
Income from operations 20,206 14,285
Interest expense, net (12,636) (7,732)
Amortization of deferred financing costs (200) (161)
Mortgage insurance premium (387) (400)
Total interest expense (13,223) (8,293)
Other Income 8
Net income 6,991 5,992
Less:    
Net income attributable to non-controlling interest 5,407 5,246
Net income attributable to common stockholders 1,584 746
Other comprehensive income:    
Gain due to foreign currency translation 4,074 1,350
Comprehensive income attributable to non-controlling interest (3,151) (1,182)
Comprehensive income 2,507 914
Net income attributable to common stockholders $ 1,584 $ 746
Basic income per common share $ 0.13 $ 0.12
Diluted income per common share $ 0.13 $ 0.12
Weighted average number of common shares outstanding, Basic 12,196,122 6,478,288
Weighted average number of common shares outstanding, Diluted 12,196,122 6,478,288