XML 15 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Income and Comprehensive (Loss) Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Rental revenues $ 154,999 $ 117,058
Expenses:    
Depreciation 35,774 29,031
Amortization 10,475 4,657
General and administrative expenses 8,608 6,851
Property taxes 15,247 14,489
Facility rent expenses 609 727
Total expenses 70,713 55,755
Income from operations 84,286 61,303
Interest expense, net (48,612) (32,603)
Amortization of deferred financing costs (804) (657)
Mortgage insurance premium (1,536) (1,548)
Total interest expense (50,952) (34,808)
Other (loss) income:    
Other (loss) income (28) 10
Total other (loss) income (28) 10
Net income 33,306 26,505
Less:    
Net income attributable to non-controlling interest (25,731) (22,410)
Net income attributable to common shareholders 7,575 4,095
Other comprehensive (loss) income:    
(Loss) gain due to foreign currency translation (34,837) 431
Comprehensive income attributable to non-controlling interest 26,815 (620)
Comprehensive (loss) income (447) 3,906
Net income attributable to common stockholders $ 7,575 $ 4,095
Basic income per common share $ 0.60 $ 0.57
Diluted income per common share $ 0.60 $ 0.57
Weighted average number of common shares outstanding, Basic 12,696,831 7,124,158
Weighted average number of common shares outstanding, Diluted 12,696,831 7,124,158