Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of calculation of numerator and denominator in earnings per share

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2023 and 2022:

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Numerator
Net income (loss) from continuing operations	$	2,930,000	$	(36,219,000)	$	1,877,000	$	(77,374,000)
Preferred stock dividends	(2,688,000)		(2,688,000)		(8,064,000)		(8,064,000)
Net loss attributable to noncontrolling interests	—		147,000		—		299,000
Net earnings allocated to unvested shares	—		17,000		—		58,000
Income (loss) from continuing operations, net of noncontrolling interest, attributable to vested common shares	242,000		(38,743,000)		(6,187,000)		(85,081,000)
Income from discontinued operations, net of noncontrolling interests, attributable to vested common shares	—		125,381,000		—		122,742,000
Net income (loss) attributable to vested common shares	$	242,000	$	86,638,000	$	(6,187,000)	$	37,661,000
Denominator
Weighted average number of vested common shares outstanding, basic and diluted	13,718,000		13,494,000		13,718,000		13,357,000
Net income (loss) per common share attributable to common shareholders (basic and diluted):
Continuing operations	$	0.02	$	(2.87)	$	(0.45)	$	(6.37)
Discontinued operations	—		9.29		—		9.19
	$	0.02	$	6.42	$	(0.45)	$	2.82