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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental revenues (including $268 and $256 for the three months ended March 31, 2023 and 2022, respectively, from related parties) $ 11,009 $ 7,481
Other income 679 306
Total revenue 11,688 7,787
Expenses:    
Property operating expenses (including $100 and $117 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 6,106 4,028
Depreciation and amortization 3,102 2,349
General and administrative (including $1,539 and $1,390 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 3,161 2,720
Advisory fee to related party 2,405 3,185
Total operating expenses 14,774 12,282
Net operating loss (3,086) (4,495)
Interest income (including $7,811 and $4,930 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 11,503 6,782
Interest expense (including $3,208 and $1,505 for the three months ended March 31, 2023 and 2022, respectively, from related parties) (6,348) (6,167)
Gain on foreign currency transactions 971 3,772
Loss on early extinguishment of debt 0 (1,639)
Equity in income from unconsolidated joint ventures 2,419 5,194
Gain on sale or write-down of assets, net 0 11,148
Income tax provision (1,240) (28)
Net income (loss) 4,219 14,567
Net income attributable to noncontrolling interests (1,241) (3,253)
Net income attributable to the Company $ 2,978 $ 11,314
Earnings per share - basic and diluted    
Basic (in dollars per share) $ 0.18 $ 0.70
Diluted (in dollars per share) $ 0.18 $ 0.70
Weighted average common shares used in computing earnings per share    
Basic (in shares) 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043