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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental revenue $ 50,954 $ 46,041
Income from Investment in leases - Financing receivables 14,534 13,669
Total revenues 65,488 59,710
Expenses    
Rental property operating 6,087 7,289
General and administrative 3,980 3,308
Management fee 8,481 4,072
Performance participation allocation 6,829 0
Depreciation and amortization 23,037 13,108
Total expenses 48,414 27,777
Other income (expense)    
Income from unconsolidated real estate affiliates 33,300 3,594
Interest expense (37,265) (24,126)
Interest income 3,245 1,889
Other expense, net (236) (5)
Total other expense, net (956) (18,648)
Net income before income taxes 16,118 13,285
Income tax expense 304 0
Net income 15,814 13,285
Net income attributable to non-controlling interests (1,683) (2,975)
Net income attributable to ORENT shareholders $ 14,131 $ 10,310
Net income per common share– basic (in USD per share) $ 0.06 $ 0.11
Net income per common share – diluted (in USD per share) $ 0.06 $ 0.10
Weighted-average common shares outstanding - basic (in shares) 237,219,985 98,086,696
Weighted-average common shares outstanding - diluted (in shares) 265,957,560 127,139,959