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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental revenues (including $652, $882 and $931 for 2024, 2023 and 2022, respectively, from related parties) $ 44,763 $ 47,023 $ 34,080
Other income 2,307 2,882 2,580
Total revenue 47,070 49,905 36,660
Expenses:      
Property operating expenses (including $346, $366 and $433 for 2024, 2023 and 2022, respectively, from related parties) 27,063 27,896 18,339
Depreciation and amortization 12,276 13,646 9,686
General and administrative (including $3,786, $3,701 and $3,899 for 2024, 2023 and 2022, respectively, from related parties) 5,447 9,199 9,943
Advisory fee to related party 8,058 9,156 7,974
Total operating expenses 52,844 59,897 45,942
Net operating loss (5,774) (9,992) (9,282)
Interest income (including $10,899, $16,432 and $16,714 for 2024, 2023 and 2022, respectively, from related parties) 21,886 30,020 24,248
Interest expense (7,642) (9,291) (17,316)
Gain on foreign currency transactions 0 993 20,067
Loss on early extinguishment of debt 0 (1,710) (2,805)
Equity in income from unconsolidated joint venture 708 1,060 468,086
(Loss) gain on sale, remeasurement or write down of assets, net (589) (1,891) 89,196
Income tax provision (1,930) (1,939) (103,190)
Net income 6,659 7,250 469,004
Net income attributable to noncontrolling interest (797) (1,313) (742)
Net income attributable to the Company $ 5,862 $ 5,937 $ 468,262
Earnings per share      
Basic (in dollars per share) $ 0.68 $ 0.69 $ 54.20
Diluted (in dollars per share) $ 0.68 $ 0.69 $ 54.20
Weighted average common shares used in computing earnings per share      
Basic (in shares) 8,639,316 8,639,316 8,639,316
Diluted (in shares) 8,639,316 8,639,316 8,639,316