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Consolidated Statements of Operations - USD ($)
shares in Millions
3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2022
Revenues:        
Lease income $ 27,114,000 $ 40,627,000 $ 109,260,000 $ 82,510,000
Expenses:        
Operating expenses 3,597,000 3,861,000 10,472,000 10,580,000
Depreciation and amortization 5,149,000 9,956,000 26,866,000 15,820,000
Provision for impairment of investment properties 0 0   0
General and administrative expenses 2,180,000 2,186,000 5,985,000 6,806,000
Total expenses 10,926,000 16,003,000 44,073,000 33,206,000
Other income (expense):        
Gain on sales of investment properties, net 4,402,000 42,007,000 42,007,000 8,053,000
Other income 79,000 0 0 333,000
Formation expenses 0 0 (364,000) 0
Total other income (expense) 4,481,000 42,007,000 41,643,000 8,386,000
Net income $ 20,669,000 $ 66,631,000 $ 106,830,000 $ 57,690,000
Earnings per certificate – basic and diluted:        
Net income per certificate - basic (in usd per share) $ 0.28 $ 0.89 $ 1.42 $ 0.77
Net income per certificate - diluted (in usd per share) $ 0.28 $ 0.89 $ 1.42 $ 0.77
Weighted average number of certificates outstanding – basic (shares) 75.0 75.0 75.0 75.0
Weighted average number of certificates outstanding – diluted (shares) 75.0 75.0 75.0 75.0