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Consolidated Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Rental income $ 60,970 $ 50,876
Fee and other 2,742 2,454
Total revenues 63,712 53,330
Operating expenses:    
Real estate taxes 8,549 7,168
Property operating expenses 6,825 5,625
General and administrative 14,654 13,110
Depreciation and amortization 19,688 17,727
Total operating expenses 49,716 43,630
Income from operations 13,996 9,700
Other income 679 1,029
Interest expense, net:    
Contractual interest expense (9,339) (5,378)
Write-off and amortization of deferred financing fees (686) (596)
Interest income 5 1
Total interest expense, net (10,020) (5,973)
Income before income tax expense 4,655 4,756
Income tax expense (72) (12)
Net income 4,583 4,744
Net income attributable to operating partnership unitholders’ non-controlling interests (874) (890)
Net income attributable to common stockholders $ 3,709 $ 3,854
Net income per share:    
Basic (in dollars per share) $ 0.12 $ 0.15
Diluted (in dollars per share) $ 0.12 $ 0.15
Weighted average common shares outstanding:    
Basic (in shares) 20,145,151 18,545,494
Diluted (in shares) 20,145,151 18,545,494
Comprehensive income:    
Net income $ 4,583 $ 4,744
Unrealized (loss) gain on derivative instruments (3,500) 8,249
Comprehensive income 1,083 12,993
Comprehensive income attributable to operating partnership unitholders’ non-controlling interests (239) (2,419)
Comprehensive income attributable to common stockholders $ 844 $ 10,574