XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rental revenue (including reimbursable) $ 29,707 $ 22,048 $ 58,180 $ 42,970
Interest income on loans receivable 1,923 586 2,901 997
Total revenues 31,630 22,634 61,081 43,967
Operating expenses        
Property 3,530 2,685 7,467 5,617
General and administrative 5,260 4,865 10,168 9,057
Depreciation and amortization 15,847 11,751 30,795 22,730
Provisions for impairment 2,836 1,114 2,836 1,114
Transaction costs 15 488 124 653
Total operating expenses 27,488 20,903 51,390 39,171
Other income (expense)        
Interest expense, net (5,521) (1,522) (9,465) (2,691)
Gain on sales of real estate, net 615 1,858 296 2,019
Loss on debt extinguishment (128) 0 (128) 0
Other income 68 36 220 36
Total other (expense) income, net (4,966) 372 (9,077) (636)
Net (loss) income before income taxes (824) 2,103 614 4,160
Income tax benefit (expense) 32 (93) 75 (184)
Net (loss) income (792) 2,010 689 3,976
Net (loss) income attributable to noncontrolling interests (1) 23 8 47
Net (loss) income attributable to common stockholders $ (791) $ 1,987 $ 681 $ 3,929
Amounts available to common stockholders per common share:        
Basic (in dollars per share) $ (0.01) $ 0.04 $ 0.01 $ 0.08
Diluted (in dollars per share) $ (0.01) $ 0.04 $ 0.01 $ 0.08
Weighted average common shares:        
Basic (in shares) 61,043,531 48,140,041 59,600,630 46,279,122
Diluted (in shares) 61,043,531 48,951,833 60,294,734 47,277,468
Other comprehensive income:        
Net (loss) income $ (792) $ 2,010 $ 689 $ 3,976
Change in value on derivatives, net 6,388 1,338 409 7,549
Total comprehensive income 5,596 3,348 1,098 11,525
Comprehensive income attributable to noncontrolling interests 48 38 8 138
Comprehensive income attributable to common stockholders $ 5,548 $ 3,310 $ 1,090 $ 11,387