XML 46 R35.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share and Per Unit (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share The computation of basic and diluted net income (loss) per share attributable to common stockholders for earnings per share computation, for the Company, is presented below:

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Six Months Ended

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net income

$

1,556,424

 

 

$

4,664,232

 

 

$

6,289,950

 

 

$

5,987,053

 

Less: Net income allocated to participating share awards

 

(9,456

)

 

 

(52,283

)

 

 

(38,219

)

 

 

(76,480

)

Net income attributable to non-controlling interest

 

21,561

 

 

 

(48,151

)

 

 

(27,124

)

 

 

(36,033

)

Undeclared distributions to preferred stockholders

 

(1,994,313

)

 

 

(1,994,313

)

 

 

(3,988,625

)

 

 

(3,988,625

)

Net income (loss) attributable to common stockholders for EPS computation

$

(425,784

)

 

$

2,569,485

 

 

$

2,235,982

 

 

$

1,885,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average number common shares outstanding for basic EPS computation

 

20,268,717

 

 

 

19,431,455

 

 

 

20,069,216

 

 

 

19,395,528

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

Undistributed income (loss)

$

(0.02

)

 

$

0.13

 

 

$

0.11

 

 

$

0.10

 

Total basic and diluted

$

(0.02

)

 

$

0.13

 

 

$

0.11

 

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Basic and Diluted Net Income (Loss) Per Unit Per Unit – The computation of basic and diluted net income (loss) per unit, for the Operating Partnership, is presented below:

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Six Months Ended

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net income

$

1,556,424

 

 

$

4,664,232

 

 

$

6,289,950

 

 

$

5,987,053

 

Less: Net income allocated to participating unit awards

 

(9,456

)

 

 

(52,283

)

 

 

(38,219

)

 

 

(76,480

)

Undeclared distributions to preferred unitholders

 

(1,994,313

)

 

 

(1,994,313

)

 

 

(3,988,625

)

 

 

(3,988,625

)

Net income (loss) attributable to unitholders for EPU computation

$

(447,345

)

 

$

2,617,636

 

 

$

2,263,106

 

 

$

1,921,948

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of units outstanding for basic EPU computation

 

20,367,601

 

 

 

20,004,351

 

 

 

20,366,069

 

 

 

19,990,120

 

Effect of dilutive participating securities:

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per unit:

 

 

 

 

 

 

 

 

 

 

 

Undistributed (loss) income

$

(0.02

)

 

$

0.13

 

 

$

0.11

 

 

$

0.10

 

Total basic and diluted

$

(0.02

)

 

$

0.13

 

 

$

0.11

 

 

$

0.10