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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Income Properties $ 132,156 $ 110,591 $ 96,663
Interest Income From Commercial Loans and Investments 12,540 7,357 4,084
Total Revenues 149,545 124,519 109,119
Direct Cost of Revenues      
Total Direct Cost of Revenues (37,923) (33,222) (30,178)
General and Administrative Expenses (18,527) (16,269) (14,249)
Provision for Impairment (68) (676) (1,556)
Depreciation and Amortization (60,015) (65,049) (44,173)
Total Operating Expenses (116,533) (115,216) (90,156)
Gain on Disposition of Assets 21,452 8,308 7,543
Loss on Extinguishment of Debt (20,449)    
Other Gain 1,003 8,308 7,543
Total Operating Income 34,015 17,611 26,506
Investment and Other Income 3,451 2,606 1,987
Interest Expense (26,928) (22,521) (22,359)
Income (Loss) Before Income Tax Benefit (Expense) 10,538 (2,304) 6,134
Income Tax Benefit (Expense) (446) 339 (604)
Net Income (Loss) Attributable to the Company 10,092 (1,965) 5,530
Distributions to Preferred Stockholders (7,512) (6,814) (4,772)
Net Income (Loss) Attributable to Common Stockholders $ 2,580 $ (8,779) $ 758
Per Share Information-See Note 13:      
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.08 $ (0.35) $ 0.03
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.08 $ (0.35) $ 0.03
Weighted Average Number of Common Shares - Basic (in shares) 32,267,365 25,361,379 22,529,703
Weighted Average Number of Common Shares - Diluted (in shares) 32,292,812 25,401,176 22,529,703
Income Properties      
Direct Cost of Revenues      
Total Direct Cost of Revenues $ (37,923) $ (31,785) $ (28,455)
Management Fee Income      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax $ 4,849 4,590 4,388
Real Estate Operations      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax   1,981 3,984
Direct Cost of Revenues      
Total Direct Cost of Revenues   $ (1,437) $ (1,723)