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Consolidated Statements of Operations - USD ($)
$ in Thousands
5 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Revenues    
Total Rental revenue $ 36,547 $ 187,145
Income from investment in leases – Financing receivables 9,169 57,094
Total revenues 45,716 244,239
Expenses    
Rental property operating 5,583 20,659
General and administrative 5,694 29,261
Impairment of intangibles 0 9,033
Management fee 3,050 22,224
Performance participation allocation 4,189 12,467
Depreciation and amortization 10,859 73,375
Total expenses 29,375 167,019
Other income (expense)    
Income from unconsolidated real estate affiliates 300 13,965
Interest expense (18,649) (121,908)
Interest income 626 10,328
Other (expense) income, net 501 (379)
Total other expense, net (17,222) (97,994)
Net loss before income taxes (881) (20,774)
Income tax expense 0 230
Net loss (881) (21,004)
Net loss (income) attributable to non-controlling interests (503) 1,097
Net loss attributable to ORENT shareholders $ (1,384) $ (19,907)
Net loss per common share – basic (in USD per share) $ (0.03) $ (0.14)
Net loss per common share – diluted (in USD per share) $ (0.03) $ (0.12)
Weighted average number of common shares outstanding - basic (in shares) 45,918,641 143,668,975
Weighted average number of common shares outstanding - diluted (in shares) 45,918,641 172,162,445