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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total Revenues $ 109,119 $ 82,320 $ 70,272
Direct Cost of Revenues      
Total Direct Cost of Revenues (30,178) (22,857) (22,430)
General and Administrative Expenses (14,249) (12,899) (11,202)
Provision for Impairment (1,556) 0 (17,599)
Depreciation and Amortization (44,173) (28,855) (20,581)
Total Operating Expenses (90,156) (64,611) (71,812)
Gain (Loss) on Disposition of Assets 7,543 (7,042) 28,316
Loss on Extinguishment of Debt     3,431
Other Gain (Loss) 7,543 (7,042) 24,885
Total Operating Income 26,506 10,667 23,345
Investment and Other Income (1,987) (776) (12,445)
Interest Expense (22,359) (11,115) (8,929)
Income Before Income Tax Benefit (Expense) 6,134 328 26,861
Income Tax Benefit (Expense) (604) 2,830 3,079
Net Income Attributable to the Company 5,530 3,158 29,940
Distributions to Preferred Stockholders (4,772) (4,781) (2,325)
Net Income (Loss) Attributable to Common Stockholders $ 758 $ (1,623) $ 27,615
Per Share Information-See Note 14:      
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.03 $ (0.09) $ 1.56
Diluted Net Income ( Loss) Attributable to Common Stockholders (in dollars per share) $ 0.03 $ (0.09) $ 1.56
Weighted Average Number of Common Shares - Basic (in shares) 22,529,703 18,508,201 17,676,809
Weighted Average Number of Common Shares - Diluted (in shares) 22,529,703 18,508,201 17,676,809
Income Properties      
Revenues      
Total Revenues $ 96,663 $ 68,857 $ 50,679
Direct Cost of Revenues      
Total Direct Cost of Revenues (28,455) (20,364) (13,815)
Provision for Impairment   0 0
Management Fee Income      
Revenues      
Total Revenues 4,388 3,829 3,305
Interest Income From Commercial Loans and Investments      
Revenues      
Total Revenues 4,084 4,172 2,861
Direct Cost of Revenues      
Provision for Impairment (600) 0 0
Real Estate Operations      
Revenues      
Total Revenues 3,984 5,462 13,427
Direct Cost of Revenues      
Total Direct Cost of Revenues $ (1,723) $ (2,493) $ (8,615)