Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Rental Income $ 11,639 $ 8,048 $ 30,317 $ 19,083
Interest Income from Loans 434 0 2,301 0
Total Revenue 12,073 8,048 32,618 19,083
Expenses:        
Depreciation and Amortization Expense 3,630 2,464 9,113 5,601
General and Administrative Expenses:        
Compensation expense 760 805 3,898 2,209
Stock-Based Compensation 280 816 1,201 1,820
Professional fees 279 574 1,486 1,351
Other general and administrative expenses 414 631 1,249 1,009
Total general and administrative expenses 1,733 2,826 7,834 6,389
Total Expenses 5,363 5,290 16,947 11,990
Loss on Sale of Real Estate 0 0 (60) 0
Income From Operations 6,710 2,758 15,611 7,093
Other Income (Expenses):        
Interest Income 7 21 103 40
Interest Expense (94) 0 (167) 0
Total Other Income (Expense) (87) 21 (64) 40
Net Income 6,623 2,779 15,547 7,133
Preferred Stock Dividends 0 0 0 (4)
Net Income Attributable to Noncontrolling Interests (113) (82) (262) (236)
Net Income Attributable to Common Stockholders and Participating Securities $ 6,510 $ 2,697 $ 15,285 $ 6,893
Net Income per Common Share - Basic (in dollars per share) $ 0.30 $ 0.14 $ 0.71 $ 0.44
Net Income per Common Share - Diluted (in dollars per share) $ 0.30 $ 0.14 $ 0.71 $ 0.44
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 21,428,905 19,410,307 21,417,149 15,588,544
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 21,802,487 19,555,867 21,815,763 15,637,064