v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Rental Income $ 12,564 $ 12,253 $ 25,151 $ 24,380
Interest Income from Loans 137 134 271 265
Fees and Reimbursables 231 68 720 418
Total Revenue 12,932 12,455 26,142 25,063
Expenses:        
Reimbursable Property Expenses 41 28 668 50
Property Carrying Costs 5 0 5 0
Depreciation and Amortization Expense 3,877 3,626 7,760 7,194
General and Administrative Expenses:        
Compensation Expense 670 1,150 1,875 2,385
Professional Fees 197 243 803 645
Other General and Administrative Expenses 554 455 964 873
Total General and Administrative Expenses 1,421 1,848 3,642 3,903
Total Expenses 5,344 5,502 12,075 11,147
Loss on Sale of Real Estate (34) 0 (34) 0
Provision for Current Expected Credit Loss 10 12 23 26
Income From Operations 7,564 6,965 14,056 13,942
Other Income (Expense):        
Other Income 91 81 177 181
Interest Expense (210) (128) (384) (211)
Total Other Income (Expense) (119) (47) (207) (30)
Net Income 7,445 6,918 13,849 13,912
Net Income Attributable to Noncontrolling Interests (126) (122) (234) (247)
Net Income Attributable to Common Stockholders $ 7,319 $ 6,796 $ 13,615 $ 13,665
Net income attributable to common stockholders per share - basic (in dollars per share) $ 0.36 $ 0.33 $ 0.66 $ 0.66
Net income attributable to common stockholders per share - diluted (in dollars per share) $ 0.35 $ 0.33 $ 0.66 $ 0.66
Weighted average shares of common stock outstanding - basic (in shares) 20,613,866 20,555,362 20,602,635 20,548,601
Weighted average shares of common stock outstanding - diluted (in shares) 20,974,923 20,951,379 20,971,160 20,946,805

Source