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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental income $ 3,099,499 $ 3,070,871 $ 9,162,139 $ 8,967,371
Total revenues 3,225,671 3,200,276 9,546,353 9,343,354
Expenses        
Property operations 1,239,432 1,153,947 3,627,372 3,556,232
General and administrative 826,220 762,000 2,391,807 2,457,551
Depreciation and amortization 409,303 409,227 1,223,865 1,225,290
Business development 22,286 2,012 22,286 4,287
Total expenses 2,497,241 2,327,186 7,265,330 7,243,360
Operating income 728,430 873,090 2,281,023 2,099,994
Other income (expense)        
Dividend and interest income 75,675 68,703 217,404 211,030
Unrealized gain (loss) on marketable equity securities (98,704) 499,283 (135,497) 403,935
Interest expense (209,142) (259,419) (647,303) (675,622)
Total other income (expense), net (232,171) 308,567 (565,396) (60,657)
Net income and comprehensive income $ 496,259 $ 1,181,657 $ 1,715,627 $ 2,039,337
Earnings per share        
Basic $ 0.04 $ 0.11 $ 0.15 $ 0.18
Diluted $ 0.04 $ 0.1 $ 0.15 $ 0.18
Weighted average shares outstanding        
Basic 11,174,369 11,101,705 11,158,957 11,087,613
Diluted 11,232,624 11,159,187 11,218,892 11,127,016
Other property related income        
Revenues        
Revenues $ 107,911 $ 111,618 $ 328,789 $ 323,957
Management fees and other income        
Revenues        
Revenues $ 18,261 $ 17,787 $ 55,425 $ 52,026