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Consolidated Statements of Operations - USD ($)
$ in Thousands
5 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental revenue $ 36,547 $ 206,995 $ 187,145
Income from investment in leases – Financing receivables 9,169 61,626 57,094
Total revenues 45,716 268,621 244,239
Expenses      
Rental property operating 5,583 26,612 20,659
General and administrative 5,694 26,893 29,261
Impairment charges 0 24,053 9,033
Management fee 3,050 45,383 22,224
Performance participation allocation 4,189 38,321 12,467
Depreciation and amortization 10,859 96,111 73,375
Total expenses 29,375 257,373 167,019
Other income (expense)      
Income from unconsolidated real estate affiliates 300 221,916 13,965
Net gain on dispositions 0 43,620 0
Interest expense (18,649) (117,433) (121,908)
Interest income 626 20,784 10,328
Other (expense) income, net 501 (3,230) (379)
Total other income (expense), net (17,222) 165,657 (97,994)
Net income (loss) before income taxes (881) 176,905 (20,774)
Income tax expense 0 3,820 230
Net income (loss) (881) 173,085 (21,004)
Net (income) loss attributable to non-controlling interests (503) (12,793) 1,097
Net income (loss) attributable to ORENT shareholders $ (1,384) $ 160,292 $ (19,907)
Net income (loss) per common share – basic (in usd per share) $ (0.03) $ 0.49 $ (0.14)
Net income (loss) per common share – diluted (in usd per share) $ (0.03) $ 0.49 $ (0.12)
Weighted-average common shares outstanding, basic (in shares) 45,918,641 325,419,692 143,668,975
Weighted-average common shares outstanding, diluted (in shares) 45,918,641 354,595,618 172,162,445