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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rental revenue (including reimbursable) $ 36,864 $ 29,707 $ 72,053 $ 58,180
Interest income on loans receivable 2,703 1,923 5,187 2,901
Total revenues 39,567 31,630 77,240 61,081
Operating expenses        
Property 3,982 3,530 8,084 7,467
General and administrative 5,268 5,260 10,978 10,168
Depreciation and amortization 18,544 15,847 36,084 30,795
Provisions for impairment 3,836 2,836 7,498 2,836
Transaction costs 47 15 175 124
Total operating expenses 31,677 27,488 62,819 51,390
Other (expense) income        
Interest expense, net (7,604) (5,521) (13,784) (9,465)
Gain on sales of real estate, net 8 615 1,006 296
Loss on debt extinguishment 0 (128) 0 (128)
Total other (expense) income, net (2,588) 68 (2,868) 220
Total other (expense) income, net (10,184) (4,966) (15,646) (9,077)
Net (loss) income before income taxes (2,294) (824) (1,225) 614
Income tax (expense) benefit (12) 32 (29) 75
Net (loss) income (2,306) (792) (1,254) 689
Net (loss) income attributable to noncontrolling interests (15) (1) (8) 8
Net (loss) income attributable to common stockholders $ (2,291) $ (791) $ (1,246) $ 681
Amounts available to common stockholders per common share:        
Basic (in dollars per share) $ (0.03) $ (0.01) $ (0.02) $ 0.01
Diluted (in dollars per share) $ (0.03) $ (0.01) $ (0.02) $ 0.01
Weighted average common shares:        
Basic (in shares) 73,588,605 61,043,531 73,419,198 59,600,630
Diluted (in shares) 73,588,605 61,043,531 73,419,198 60,294,734
Other comprehensive income:        
Net (loss) income $ (2,306) $ (792) $ (1,254) $ 689
Change in value on derivatives, net (420) 6,388 8,708 409
Total comprehensive (loss) income (2,726) 5,596 7,454 1,098
Comprehensive (loss) income attributable to noncontrolling interests (15) 48 43 8
Comprehensive (loss) income attributable to common stockholders $ (2,711) $ 5,548 $ 7,411 $ 1,090