v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Rental Income $ 11,828 $ 12,335 $ 35,376 $ 37,485
Interest Income from Loans 138 137 415 408
Fees and Reimbursables 58 115 629 835
Total Revenue 12,024 12,587 36,420 38,728
Expenses:        
Reimbursable Property Expenses 48 46 434 713
Property Carrying Costs 276 145 643 150
Depreciation and Amortization Expense 5,724 3,874 13,454 11,634
General and Administrative Expenses:        
Compensation Expense 943 933 2,902 2,808
Professional Fees 337 334 1,247 1,137
Other General and Administrative Expenses 367 350 1,284 1,314
Total General and Administrative Expenses 1,647 1,617 5,433 5,259
Total Expenses 7,695 5,682 19,964 17,756
Loss on Sale of Real Estate 0 0 0 (34)
Provision for Current Expected Credit Loss 9 11 29 34
Income From Operations 4,338 6,916 16,485 20,972
Other Income (Expense):        
Other Income 56 97 208 274
Interest Expense (146) (232) (576) (616)
Total Other Income (Expense) (90) (135) (368) (342)
Net Income 4,248 6,781 16,117 20,630
Net Income Attributable to Noncontrolling Interests (72) (115) (271) (348)
Net Income Attributable to Common Stockholders $ 4,176 $ 6,666 $ 15,846 $ 20,282
Net Income Attributable to Common Stockholders Per Share - Basic (in dollars per share) $ 0.20 $ 0.32 $ 0.77 $ 0.98
Net Income Attributable to Common Stockholders Per Share - Diluted (in dollars per share) $ 0.20 $ 0.32 $ 0.77 $ 0.98
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 20,674,980 20,629,562 20,662,352 20,613,788
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 21,047,217 20,995,800 21,034,257 20,981,539

Source