XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
TOTAL REVENUES $ 37,346 $ 34,543 $ 73,106 $ 68,210
OPERATING EXPENSES        
Property operating expenses 8,996 6,782 17,618 14,881
Real estate taxes and insurance 7,438 8,700 14,574 17,236
General and administrative 3,459 3,396 7,010 6,689
Transaction pursuit costs 0 357 0 357
Depreciation and amortization 7,455 7,269 14,834 14,094
TOTAL OPERATING EXPENSES 27,348 26,504 54,036 53,257
INCOME FROM OPERATIONS 9,998 8,039 19,070 14,953
Interest expense, net (11,741) (11,334) (23,480) (21,469)
Loss on extinguishment of debt     0 (3,868)
Net loss (1,743) (3,295) (4,410) (10,384)
Net loss attributable to non-controlling interests 1,083 2,046 2,737 6,448
Net loss attributable to common stockholders $ (660) $ (1,249) $ (1,673) $ (3,936)
Basic and diluted net loss per share (in dollars per share) $ (0.06) $ (0.1) $ (0.15) $ (0.29)
Residential Rental [Member]        
REVENUES        
TOTAL REVENUES $ 27,748 $ 25,040 $ 53,854 $ 48,980
Commercial Real Estate [Member]        
REVENUES        
TOTAL REVENUES $ 9,598 $ 9,503 $ 19,252 $ 19,230