XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Income Properties $ 33,439 $ 28,528 $ 98,486 $ 79,029
Interest Income From Commercial Loans and Investments 3,142 1,615 9,119 4,407
Total Revenues 37,757 31,805 111,206 88,777
Direct Cost of Revenues        
Total Direct Cost of Revenues (9,274) (8,156) (28,343) (24,067)
General and Administrative Expenses (4,780) (4,075) (13,911) (11,750)
Provision for Impairment (68) (538) (68) (653)
Depreciation and Amortization (14,929) (13,221) (44,587) (35,701)
Total Operating Expenses (29,051) (25,990) (86,909) (72,171)
Gain (Loss) on Disposition of Assets 1,373 (855) 1,373 8,308
Loss on Extinguishment of Debt (53)   (20,449)  
Other Gain (Loss) 1,320 (855) (19,076) 8,308
Total Operating Income 10,026 4,960 5,221 24,914
Investment and Other Income (Loss) (221) 7,031 (3,333) 5,201
Interest Expense (6,833) (5,632) (19,828) (16,765)
Income (Loss) Before Income Tax Benefit (Expense) 2,972 6,359 (17,940) 13,350
Income Tax Expense (58) (132) (303) (98)
Net Income (Loss) Attributable to the Company 2,914 6,227 (18,243) 13,252
Distributions to Preferred Stockholders (1,878) (1,878) (5,634) (4,936)
Net Income (Loss) Attributable to Common Stockholders $ 1,036 $ 4,349 $ (23,877) $ 8,316
Per Share Information-See Note 13:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.03 $ 0.17 $ (0.74) $ 0.35
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.03 $ 0.17 $ (0.74) $ 0.35
Weighted Average Number of Common Shares - Basic (in shares) 32,651,101 25,445,411 32,298,304 23,601,389
Weighted Average Number of Common Shares - Diluted (in shares) 32,682,775 25,521,749 32,313,895 23,625,369
Income Properties        
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (9,274) $ (7,797) $ (28,343) $ (22,630)
Management Fee Income        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax $ 1,176 1,124 $ 3,601 3,360
Real Estate Operations        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax   538   1,981
Direct Cost of Revenues        
Total Direct Cost of Revenues   $ (359)   $ (1,437)