QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (Unaudited)

QUARTERLY FINANCIAL DATA (Unaudited)

	2022
	1st Quarter Jan - March		2nd Quarter April - June		3rd Quarter July - September		4th Quarter Oct - Dec		Total For Year
Revenues:
Rental and other revenue	$	11,430	$	14,683	$	21,691	$	22,711	$	70,515
Other income	4		2		6		—		12
Total revenues	11,434		14,685		21,697		22,711		70,527
Expenses:
Real estate operating expenses	4,753		6,348		9,195		10,262		30,558
Interest expense	2,021		2,912		5,061		5,520		15,514
General and administrative	3,633		3,533		3,673		3,815		14,654
Depreciation	3,606		5,010		8,165		8,031		24,812
Total expenses	14,013		17,803		26,094		27,628		85,538
Total revenues less total expenses	(2,579)		(3,118)		(4,397)		(4,917)		(15,011)
Equity in earnings (loss) of unconsolidated joint ventures	1,230		(50)		135		580		1,895
Equity in earnings from sale of unconsolidated joint venture properties	12,961		40,098		11,472		—		64,531
Gain on sale of real estate	6		—		—		—		6
Casualty loss	—		—		—		(850)		(850)
Insurance recovery of casualty loss	—		—		—		850		850
Gain on sale of partnership interest			—		—		—		—
Gain on insurance recoveries			—		62		—		62
Loss on extinguishment of debt	—		(563)		—		—		(563)
Income (loss) from continuing operations	11,618		36,367		7,272		(4,337)		50,920
Provision for taxes	74		724		178		(155)		821
Net income (loss) from continuing operations, net of taxes	11,544		35,643		7,094		(4,182)		50,099
(Income) attributable to non-controlling interests	(36)		(36)		(35)		(37)		(144)
Net income (loss) attributable to common stockholders	$	11,508	$	35,607	$	7,059	$	(4,219)	49,955
Basic and diluted and per share amounts attributable to common stockholders
Basic income (loss) per share	$	0.62	$	1.91	$	0.37	$	(0.22)	$	2.67
Diluted income (loss) per share	$	0.62	$	1.91	$	0.37	$	(0.22)	$	2.66

NOTE 15—QUARTERLY FINANCIAL DATA (Unaudited) (Continued)

	2021
	1st Quarter Jan - March		2nd Quarter April - June		3rd Quarter July - September		4th Quarter Oct - Dec		Total For Year
Revenues:
Rental and other revenue	$	7,095	$	6,958	$	7,709	$	10,279	$	32,041
Other income	4		3		5		4		16
Total revenues	7,099		6,961		7,714		10,283		32,057
Expenses:
Real estate operating expenses	3,117		3,166		3,404		4,515		14,202
Interest expense	1,660		1,609		1,535		1,953		6,757
General and administrative	3,114		3,154		3,114		3,239		12,621
Impairment charge	—		520		—		—		520
Depreciation	1,537		1,416		1,787		3,285		8,025
Total expenses	9,428		9,865		9,840		12,992		42,125
Total revenues less total expenses	(2,329)		(2,904)		(2,126)		(2,709)		(10,068)
Equity in (loss) earnings of unconsolidated joint ventures	(1,345)		(492)		(4,196)		1,825		(4,208)
Equity in earnings from sale of unconsolidated joint venture properties	—		—		34,982		—		34,982
Gain on sale of real estate	—		7,279		414		—		7,693
Gain on sale of partnership interest	—		2,244		—		388		2,632
Loss on extinguishment of debt	—		—		(902)		(673)		(1,575)
(Loss) income from continuing operations	(3,674)		6,127		28,172		(1,169)		29,456
Provision for taxes	57		67		31		51		206
(Loss) income from continuing operations, net of taxes	(3,731)		6,060		28,141		(1,220)		29,250
(Income) attributable to non-controlling interests	(34)		(33)		(35)		(34)		(136)
Net (loss) income attributable to common stockholders	$	(3,765)	$	6,027	$	28,106	$	(1,254)	29,114
Basic and per share amounts attributable to common stockholders
Basic (loss) income per share	$	(0.22)	$	0.34	$	1.55	$	(0.08)	$	1.63
Diluted (loss) income per share	$	(0.22)	$	0.34	$	1.54	$	(0.08)	$	1.62