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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2023
Revenues      
Rental revenue $ 5,613 $ 48,071 $ 139,066
Income from Investment in leases – Financing receivables 943 15,044 42,673
Total revenues 6,556 63,115 181,739
Expenses      
Rental property operating 613 6,818 17,504
General and administrative 2,064 15,976 23,548
Impairment of intangibles 0 9,033 9,033
Management fee 432 6,045 15,103
Performance participation allocation 1,685 5,791 13,925
Depreciation and amortization 1,152 21,707 50,377
Total expenses 5,946 65,370 129,490
Other expense      
Income from unconsolidated real estate affiliates 293 13,152 29,926
Interest expense (2,997) (34,629) (86,962)
Other income 0 3,081 7,054
Total other expense (2,704) (18,396) (49,982)
Net (loss) income (2,094) (20,651) 2,267
Net loss (income) attributable to non-controlling interests (718) 2,858 (1,904)
Net (loss) income attributable to ORENT shareholders $ (2,812) $ (17,793) $ 363
Net (loss) income per common share – basic (in USD per share) $ (0.16) $ (0.11) $ 0
Net (loss) income per common share – diluted (in USD per share) $ (0.16) $ (0.11) $ 0
Weighted average number of common shares outstanding - basic (in shares) 17,292,975 156,903,346 127,652,548
Weighted average number of common shares outstanding - diluted (in shares) 17,292,975 156,919,558 127,668,760