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v3.24.3

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Revenues |  |  |  |
Rental income | $ 20,021,133 | $ 18,804,320 | $ 59,573,125 | $ 54,338,011
Laundry and sundry income | 187,902 | 157,322 | 579,876 | 416,354
Total Revenues | 20,209,035 | 18,961,642 | 60,153,001 | 54,754,365
Expenses |  |  |  |
Administrative | 679,674 | 642,907 | 2,093,671 | 2,247,729
Depreciation and amortization | 4,224,211 | 4,426,701 | 12,729,275 | 12,234,394
Management fee | 802,908 | 810,436 | 2,374,371 | 2,173,272
Operating | 1,509,909 | 1,610,342 | 5,794,220 | 5,865,371
Renting | 407,911 | 391,093 | 946,282 | 827,112
Repairs and maintenance | 3,618,610 | 3,611,652 | 9,967,034 | 9,853,498
Taxes and insurance | 2,495,136 | 2,569,250 | 7,487,535 | 7,463,651
Total Expenses | 13,738,359 | 14,062,381 | 41,392,388 | 40,665,027
Income Before Other Income (Expense) | 6,470,676 | 4,899,261 | 18,760,613 | 14,089,338
Other Income (Expense) |  |  |  |
Interest income | 1,123,084 | 1,083,423 | 3,413,620 | 3,350,423
Interest expense | (3,831,009) | (3,956,181) | (11,637,720) | (11,781,285)
Income from investments in unconsolidated joint ventures | 146,647 | 148,723 | 909,207 | 496,092
Total Other Income (Expense) | (2,561,278) | (2,724,035) | (7,314,893) | (7,934,770)
Net Income | $ 3,909,398 | $ 2,175,226 | $ 11,445,720 | $ 6,154,568
Income per Unit |  |  |  |
Net Income per Unit | $ 33.44 | $ 18.38 | $ 97.72 | $ 51.83
Weighted Average Number of Units Outstanding number of shares to be reviewed | 116,905 | 118,326 | 117,132 | 118,754

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