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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total Revenues $ 31,805 $ 28,470 $ 88,777 $ 79,234
Direct Cost of Revenues        
Total Direct Cost of Revenues (8,156) (7,212) (24,067) (21,759)
General and Administrative Expenses (4,075) (3,439) (11,750) (10,493)
Provision for Impairment (538) (929) (653) (1,408)
Depreciation and Amortization (13,221) (11,669) (35,701) (32,814)
Total Operating Expenses (25,990) (23,249) (72,171) (66,474)
Gain (Loss) on Disposition of Assets (855) 2,464 8,308 3,565
Other Gain (Loss) (855) 2,464 8,308 3,565
Total Operating Income 4,960 7,685 24,914 16,325
Investment and Other Income (Loss) 7,031 1,184 5,201 (1,296)
Interest Expense (5,632) (6,318) (16,765) (16,161)
Income (Loss) Before Income Tax Benefit (Expense) 6,359 2,551 13,350 (1,132)
Income Tax Benefit (Expense) (132) 135 (98) (375)
Net Income (Loss) Attributable to the Company 6,227 2,686 13,252 (1,507)
Distributions to Preferred Stockholders (1,878) (1,195) (4,936) (3,585)
Net Income (Loss) Attributable to Common Stockholders $ 4,349 $ 1,491 $ 8,316 $ (5,092)
Per Share Information-See Note 13:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.17 $ 0.07 $ 0.35 $ (0.23)
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.17 $ 0.07 $ 0.35 $ (0.23)
Weighted Average Number of Common Shares - Basic (in shares) 25,445,411 22,484,561 23,601,389 22,556,642
Weighted Average Number of Common Shares - Diluted (in shares) 25,521,749 22,484,561 23,625,369 22,556,642
Income Properties        
Revenues        
Total Revenues $ 28,528 $ 25,183 $ 79,029 $ 70,373
Direct Cost of Revenues        
Total Direct Cost of Revenues (7,797) (7,060) (22,630) (20,883)
Provision for Impairment 0   0  
Management Fee Income        
Revenues        
Total Revenues 1,124 1,094 3,360 3,294
Interest Income From Commercial Loans and Investments        
Revenues        
Total Revenues 1,615 1,114 4,407 2,965
Direct Cost of Revenues        
Provision for Impairment     (700) (500)
Real Estate Operations        
Revenues        
Total Revenues 538 1,079 1,981 2,602
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (359) $ (152) $ (1,437) $ (876)