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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Income Properties $ 110,591 $ 96,663 $ 68,857
Interest Income From Commercial Loans and Investments 7,357 4,084 4,172
Total Revenues 124,519 109,119 82,320
Direct Cost of Revenues      
Total Direct Cost of Revenues (33,222) (30,178) (22,857)
General and Administrative Expenses (16,269) (14,249) (12,899)
Provision for Impairment (676) (1,556) 0
Depreciation and Amortization (65,049) (44,173) (28,855)
Total Operating Expenses (115,216) (90,156) (64,611)
Gain (Loss) on Disposition of Assets 8,308 7,543 (7,042)
Other Gain (Loss) 8,308 7,543 (7,042)
Total Operating Income 17,611 26,506 10,667
Investment and Other Income 2,606 1,987 776
Interest Expense (22,521) (22,359) (11,115)
Income (Loss) Before Income Tax Benefit (Expense) (2,304) 6,134 328
Income Tax Benefit (Expense) 339 (604) 2,830
Net Income (Loss) Attributable to the Company (1,965) 5,530 3,158
Distributions to Preferred Stockholders (6,814) (4,772) (4,781)
Net Income (Loss) Attributable to Common Stockholders $ (8,779) $ 758 $ (1,623)
Per Share Information-See Note 14:      
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.35) $ 0.03 $ (0.09)
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.35) $ 0.03 $ (0.09)
Weighted Average Number of Common Shares - Basic (in shares) 25,361,379 22,529,703 18,508,201
Weighted Average Number of Common Shares - Diluted (in shares) 25,401,176 22,529,703 18,508,201
Income Properties      
Revenues      
Income Properties $ 110,591 $ 96,663 $ 68,857
Total Revenues 110,591 96,663 68,857
Direct Cost of Revenues      
Provision for Impairment 0 (929) 0
Gain (Loss) on Disposition of Assets 3,763 7,543 3,869
Management Fee Income      
Revenues      
Total Revenues 4,590 4,388 3,829
Interest Income From Commercial Loans and Investments      
Revenues      
Interest Income From Commercial Loans and Investments 7,357 4,084 4,172
Total Revenues 7,357 4,084 4,172
Direct Cost of Revenues      
Provision for Impairment (676) (627) 0
Gain (Loss) on Disposition of Assets     802
Real Estate Operations      
Revenues      
Total Revenues 1,981 3,984 5,462
Direct Cost of Revenues      
Gain (Loss) on Disposition of Assets 4,545   (11,713)
Income Properties      
Direct Cost of Revenues      
Total Direct Cost of Revenues (31,785) (28,455) (20,364)
Income Properties | Income Properties      
Direct Cost of Revenues      
Total Direct Cost of Revenues (31,785) (28,455) (20,364)
Management Fee Income      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax 4,590 4,388 3,829
Management Fee Income | Management Fee Income      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax 4,590 4,388 3,829
Real Estate Operations      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,981 3,984 5,462
Direct Cost of Revenues      
Total Direct Cost of Revenues (1,437) (1,723) (2,493)
Real Estate Operations | Real Estate Operations      
Revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,981 3,984 5,462
Direct Cost of Revenues      
Total Direct Cost of Revenues $ (1,437) $ (1,723) $ (2,493)