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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total Revenues $ 28,845 $ 26,047 $ 56,972 $ 50,764
Direct Cost of Revenues        
Total Direct Cost of Revenues (8,339) (7,309) (15,911) (14,547)
General and Administrative Expenses (3,459) (3,327) (7,675) (7,054)
Provision for Impairment (67)   (115) (479)
Depreciation and Amortization (11,549) (10,829) (22,480) (21,145)
Total Operating Expenses (23,414) (21,465) (46,181) (43,225)
Gain on Disposition of Assets   1,101 9,163 1,101
Other Gain   1,101 9,163 1,101
Total Operating Income 5,431 5,683 19,954 8,640
Investment and Other Income (Loss) 1,429 1,811 (1,830) (2,480)
Interest Expense (5,604) (5,211) (11,133) (9,843)
Income Before Income Tax Benefit (Expense) 1,256 2,283 6,991 (3,683)
Income Tax Benefit (Expense) (73) (483) 34 (510)
Net Income (Loss) Attributable to the Company 1,183 1,800 7,025 (4,193)
Distributions to Preferred Stockholders (1,871) (1,195) (3,058) (2,390)
Net Income (Loss) Attributable to Common Stockholders $ (688) $ 605 $ 3,967 $ (6,583)
Per Share Information-See Note 13:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.03) $ 0.03 $ 0.17 $ (0.29)
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.03) $ 0.03 $ 0.17 $ (0.29)
Weighted Average Number of Common Shares - Basic (in shares) 22,787,252 22,482,957 22,669,246 22,593,280
Weighted Average Number of Common Shares - Diluted (in shares) 22,828,148 22,482,957 22,674,796 22,593,280
Income Properties        
Revenues        
Total Revenues $ 25,878 $ 22,758 $ 50,501 $ 45,190
Direct Cost of Revenues        
Total Direct Cost of Revenues (8,080) (6,670) (14,833) (13,823)
Provision for Impairment 0 0 0 0
Management Fee Income        
Revenues        
Total Revenues 1,131 1,102 2,236 2,200
Interest Income From Commercial Loans and Investments        
Revenues        
Total Revenues 1,441 1,056 2,792 1,851
Direct Cost of Revenues        
Provision for Impairment     (100) (500)
Real Estate Operations        
Revenues        
Total Revenues 395 1,131 1,443 1,523
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (259) $ (639) $ (1,078) $ (724)