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Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Class D
Common Stock
Common Stock Class I
Common Stock
Common Stock Class E
Additional Paid-In Capital
Accumulated Deficit
Total Stockholder's Equity
Non-Controlling Interests
Beginning balance at Dec. 31, 2021 $ 200       $ 200   $ 200  
Net loss [1] 0              
Ending balance at Mar. 31, 2022 200       200   200  
Beginning balance at Dec. 31, 2021 200       200   200  
Net loss [2],[3] (2)              
Ending balance at Jun. 30, 2022 9,280     $ 9 9,273 $ (2) 9,280  
Beginning balance at Mar. 31, 2022 200       200   200  
Net loss [1] (2) [3]         (2) (2)  
Common stock issued 9,082     9 9,073   9,082  
Ending balance at Jun. 30, 2022 9,280     9 9,273 (2) 9,280  
Beginning balance at Dec. 31, 2022 17,946   $ 1 24 19,426 (3,813) 15,638 $ 2,308
Net loss (6,471)         (6,418) (6,418) (53)
Common stock issued 24,852 $ 1 17 7 24,827   24,852  
Distributions declared on common stock (400)         (400) (400)  
Distribution reinvestments 60       60   60  
Distributions to non-controlling interests (4)             (4)
Offering costs (200)       (200)   (200)  
Stock based compensation 25       25   25  
Ending balance at Mar. 31, 2023 35,808 1 18 31 44,138 (10,631) 33,557 2,251
Beginning balance at Dec. 31, 2022 17,946   1 24 19,426 (3,813) 15,638 2,308
Net loss (9,079)              
Ending balance at Jun. 30, 2023 61,330 2 30 44 73,045 (13,973) 59,148 2,182
Beginning balance at Mar. 31, 2023 35,808 1 18 31 44,138 (10,631) 33,557 2,251
Net loss (2,608)         (2,582) (2,582) (26)
Common stock issued 29,130 1 12 13 29,104   29,130  
Distributions declared on common stock (760)         (760) (760)  
Distribution reinvestments 104       104   104  
Distributions to non-controlling interests (43)             (43)
Offering costs (326)       (326)   (326)  
Stock based compensation 25       25   25  
Ending balance at Jun. 30, 2023 $ 61,330 $ 2 $ 30 $ 44 $ 73,045 $ (13,973) $ 59,148 $ 2,182
[1] J.P. Morgan Real Estate Income Trust, Inc. was formed on November 5, 2021 and commenced operations on September 2, 2022, accordingly, there were minimal operations during the three ended March 31, 2022 and June 30, 2022.
[2] J.P. Morgan Real Estate Income Trust, Inc. was formed on November 5, 2021 and commenced operations on September 2, 2022, accordingly, there were minimal operations during the six months ended June 30, 2022.
[3] J.P. Morgan Real Estate Income Trust, Inc. was formed on November 5, 2021 and commenced operations on September 2, 2022, accordingly, there were minimal operations during the three and six months ended June 30, 2022.