v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 3 Months Ended
Mar. 31, 2025
Mar. 31, 2025
Mar. 31, 2024
Revenue      
Rental revenue   $ 34,595 $ 35,069
Other income   23 49
Total revenue   34,618 35,118
Expenses      
General and administrative   3,620 4,446
Operating expenses   7,585 7,384
Depreciation expense   10,307 10,113
Amortization expense   3,520 3,971
Interest expense   7,167 6,890
Total expenses   32,199 32,804
Income before other income (expense)   2,419 2,314
Gain on sale of investment property   1,358  
Equity loss from unconsolidated joint venture   (40)  
Net income   3,737 2,314
Less: Preferred stock dividends   (1,455) (1,455)
Less: Net income attributable to noncontrolling interest   (178) (65)
Net income (loss) attributable to common stockholders   $ 2,104 $ 794
Net income (loss) attributable to common stockholders per share - basic   $ 0.03 $ 0.01
Net income (loss) attributable to common stockholders per share - diluted $ 0.03   $ 0.01
Weighted average shares outstanding - basic   66,873 65,573
Weighted average shares outstanding - diluted 66,873   65,573

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