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v3.25.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Revenues |  |
Rental income | $ 20,496,120 | $ 19,710,432
Laundry and sundry income | 192,774 | 182,967
Total Revenues | 20,688,894 | 19,893,399
Expenses |  |
Administrative | 621,266 | 762,019
Depreciation and amortization | 3,904,983 | 4,227,582
Management fee | 818,409 | 788,607
Operating | 3,278,374 | 2,645,493
Renting | 278,329 | 387,599
Repairs and maintenance | 2,858,269 | 2,847,957
Taxes and insurance | 2,695,817 | 2,482,368
Total Expenses | 14,455,447 | 14,141,625
Income Before Other Income (Expense) | 6,233,447 | 5,751,774
Other Income (Expense) |  |
Interest income | 991,075 | 1,177,547
Interest expense | (3,791,432) | (3,907,016)
Income from investments in unconsolidated joint ventures | 362,629 | 441,291
Total Other Income (Expense) | (2,437,728) | (2,288,178)
Net Income | $ 3,795,719 | $ 3,463,596
Income per Unit |  |
Net Income per Unit | $ 32.53 | $ 29.51
Weighted Average Number of Units Outstanding | 116,674 | 117,354

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