v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Rental revenues (including $193 and $145 for the three months ended March 31, 2026 and 2025, respectively, from related parties) $ 11,656 $ 11,427
Other income 685 581
Total revenue 12,341 12,008
Expenses:    
Property operating expenses (including $98 and $86 for the three months ended March 31, 2026 and 2025, respectively, from related parties) 7,333 5,977
Depreciation and amortization 3,630 2,883
General and administrative (including $1,003 and $1,002 for the three months ended March 31, 2026 and 2025, respectively, from related parties) 1,486 1,492
Advisory fee to related party 2,083 2,469
Total operating expenses 14,532 12,821
Net operating loss (2,191) (813)
Interest income (including $1,770 and $1,899 for the three months ended March 31, 2026 and 2025, respectively, from related parties) 3,824 4,010
Interest expense (2,968) (1,820)
Equity in loss from unconsolidated joint ventures 0 (159)
Gain on sale or write down of assets, net 385 3,891
Income tax benefit (provision) 434 (1,146)
Net (loss) income (516) 3,963
Net income attributable to noncontrolling interests (35) (998)
Net (loss) income attributable to common shares $ (551) $ 2,965
Earnings per share - basic and diluted    
Basic (in dollars per share) $ (0.03) $ 0.18
Diluted (in dollars per share) $ (0.03) $ 0.18
Weighted average common shares used in computing earnings per share    
Basic (in shares) 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043