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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Revenues    
Rental revenue $ 44,954 $ 90,995
Interest income 13,960 27,629
Total revenues 58,914 118,624
Expenses    
Rental property operating 3,397 10,686
General and administrative 4,264 7,572
Management fee 4,986 9,058
Performance participation allocation 8,134 8,134
Depreciation and amortization 15,562 28,670
Total expenses 36,343 64,120
Other expense    
Income from unconsolidated real estate affiliates 13,180 16,774
Interest expense (28,207) (52,333)
Other income 2,089 3,973
Total other expense (12,938) (31,586)
Net income 9,633 22,918
Net income attributable to non-controlling interests (1,787) (4,762)
Net income attributable to ORENT shareholders $ 7,846 $ 18,156
Net income per common share - basic (in USD per share) $ 0.06 $ 0.16
Net income per common share - diluted (in USD per share) $ 0.06 $ 0.16
Weighted average number of common shares outstanding - basic (in shares) 127,321,209 112,784,711
Weighted average number of common shares outstanding - diluted (in shares) 127,337,421 112,800,923