v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Rental Income $ 11,786 $ 12,564 $ 23,548 $ 25,151
Interest Income from Loans 140 137 277 271
Fees and Reimbursables 161 231 570 720
Total Revenue 12,087 12,932 24,395 26,142
Expenses:        
Reimbursable Property Expenses 50 41 385 668
Property Carrying Costs 135 5 367 5
Depreciation and Amortization Expense 3,864 3,877 7,731 7,760
General and Administrative Expenses:        
Compensation Expense 976 670 1,958 1,875
Professional Fees 396 197 910 803
Other General and Administrative Expenses 540 554 916 964
Total General and Administrative Expenses 1,912 1,421 3,784 3,642
Total Expenses 5,961 5,344 12,267 12,075
Loss on Sale of Real Estate 0 (34) 0 (34)
Provision for Current Expected Credit Loss 9 10 20 23
Income From Operations 6,135 7,564 12,148 14,056
Other Income (Expense):        
Other Income 78 91 152 177
Interest Expense (216) (210) (431) (384)
Total Other Income (Expense) (138) (119) (279) (207)
Net Income 5,997 7,445 11,869 13,849
Net Income Attributable to Noncontrolling Interests (101) (126) (199) (234)
Net Income Attributable to Common Stockholders $ 5,896 $ 7,319 $ 11,670 $ 13,615
Net Income Attributable to Common Stockholders Per Share - Basic (in dollars per share) $ 0.29 $ 0.36 $ 0.57 $ 0.66
Net Income Attributable to Common Stockholders Per Share - Diluted (in dollars per share) $ 0.29 $ 0.35 $ 0.56 $ 0.66
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 20,642,907 20,613,866 20,644,458 20,602,635
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 21,013,124 20,974,923 21,016,198 20,971,160

Source