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Condensed Consolidated Statements of Income and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Rental revenues $ 37,861 $ 29,272 $ 75,193 $ 57,106
Expenses:        
Depreciation 8,695 7,020 17,377 14,214
Amortization 2,629 1,207 5,217 2,111
General and administrative expenses 1,999 2,101 4,056 3,643
Property taxes 3,775 3,446 7,425 7,161
Facility rent expenses 147 200 294 393
Total expenses 17,245 13,974 34,369 27,522
Income from operations 20,616 15,298 40,824 29,584
Interest expense, net (11,365) (7,706) (24,001) (15,438)
Amortization of deferred financing costs (201) (161) (402) (323)
Mortgage insurance premium (388) (391) (776) (791)
Total interest expense (11,954) (8,258) (25,179) (16,552)
Other income:        
Other income 8
Net income 8,662 7,040 15,653 13,032
Less -        
Net income attributable to non-controlling interest (6,706) (6,102) (12,113) (11,348)
Net income attributable to common stockholders 1,956 938 3,540 1,684
Other comprehensive (loss) income:        
(Loss) gain due to foreign currency translation (20,820) 2,635 (16,746) 3,985
Comprehensive loss (gain) attributable to non-controlling interest 16,118 (2,284) 12,967 (3,466)
Comprehensive (loss) income (2,746) 1,289 (239) 2,203
Net income attributable to common stockholders $ 1,956 $ 938 $ 3,540 $ 1,684
Basic income per common share $ 0.16 $ 0.14 $ 0.28 $ 0.26
Diluted income per common share $ 0.16 $ 0.14 $ 0.28 $ 0.26
Weighted average number of common shares outstanding, Basic 12,457,560 6,478,058 12,327,563 6,478,173
Weighted average number of common shares outstanding, Diluted 12,457,560 6,478,058 12,327,563 6,478,173