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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total Revenues $ 23,117 $ 16,577 $ 59,790 $ 45,572
Direct Cost of Revenues        
Direct Cost of Revenues (6,776) (4,236) (15,883) (10,555)
General and Administrative Expenses (3,253) (2,680) (8,972) (8,477)
Impairment Charges 0   0 (16,527)
Depreciation and Amortization (7,305) (5,567) (20,401) (15,428)
Total Operating Expenses (17,334) (12,483) (45,256) (50,987)
Gain on Disposition of Assets 4,973 22,666 4,728 28,106
Loss on Extinguishment of Debt       (641)
Other Gains and Income 4,973 22,666 4,728 27,465
Total Operating Income 10,756 26,760 19,262 22,050
Investment and Other Income (Loss) (3,065) (797) (6,270) 8,438
Interest Expense (3,037) (1,986) (7,216) (6,851)
Income Before Income Tax Benefit (Expense) 4,654 23,977 5,776 23,637
Income Tax Benefit (Expense) 163 (30) 461 4,371
Net Income Attributable to the Company 4,817 23,947 6,237 28,008
Distributions to Preferred Stockholders (1,195) (1,129) (3,586) (1,129)
Net Income Attributable to Common Stockholders $ 3,622 $ 22,818 $ 2,651 $ 26,879
Per Share Information-See Note 14:        
Basic Net Income Attributable to Common Stockholders (in dollars per share) $ 0.20 $ 1.29 $ 0.15 $ 1.52
Diluted Net Income Attributable to Common Stockholders (in dollars per share) $ 0.19 $ 1.29 $ 0.15 $ 1.52
Weighted Average Number of Common Shares - Basic (in shares) 18,386,435 17,703,284 18,044,299 17,678,701
Weighted Average Number of Common Shares - Diluted (in shares) 21,505,460 17,703,284 18,044,299 17,678,701
Income Properties        
Revenues        
Total Revenues $ 17,694 $ 13,734 $ 49,229 $ 36,757
Direct Cost of Revenues        
Direct Cost of Revenues (5,115) (3,984) (13,943) (9,688)
Management Fee Income        
Revenues        
Total Revenues 951 940 2,835 2,361
Interest Income From Commercial Loans and Investments        
Revenues        
Total Revenues 1,323 726 3,331 2,136
Real Estate Operations        
Revenues        
Total Revenues 3,149 1,177 4,395 4,318
Direct Cost of Revenues        
Direct Cost of Revenues $ (1,661) $ (252) $ (1,940) $ (867)