XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total Revenues $ 28,470 $ 23,117 $ 79,234 $ 59,790
Direct Cost of Revenues        
Total Direct Cost of Revenues (7,212) (6,776) (21,759) (15,883)
General and Administrative Expenses (3,439) (3,253) (10,493) (8,972)
Provision for Impairment (929)   (1,408) 0
Depreciation and Amortization (11,669) (7,305) (32,814) (20,401)
Total Operating Expenses (23,249) (17,334) (66,474) (45,256)
Gain on Disposition of Assets 2,464 4,973 3,565 4,728
Other Gains and Income 2,464 4,973 3,565 4,728
Total Operating Income 7,685 10,756 16,325 19,262
Investment and Other Income (Loss) 1,184 (3,065) (1,296) (6,270)
Interest Expense (6,318) (3,037) (16,161) (7,216)
Income (Loss) Before Income Tax Benefit (Expense) 2,551 4,654 (1,132) 5,776
Income Tax Benefit (Expense) 135 163 (375) 461
Net Income (Loss) Attributable to the Company 2,686 4,817 (1,507) 6,237
Distributions to Preferred Stockholders (1,195) (1,195) (3,585) (3,586)
Net Income (Loss) Attributable to Common Stockholders $ 1,491 $ 3,622 $ (5,092) $ 2,651
Per Share Information-See Note 13:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.07 $ 0.20 $ (0.23) $ 0.15
Diluted Net Income ( Loss) Attributable to Common Stockholders (in dollars per share) $ 0.07 $ 0.19 $ (0.23) $ 0.15
Weighted Average Number of Common Shares - Basic (in shares) 22,484,561 18,386,435 22,556,642 18,044,299
Weighted Average Number of Common Shares - Diluted (in shares) 22,484,561 21,505,460 22,556,642 18,044,299
Income Properties        
Revenues        
Total Revenues $ 25,183 $ 17,694 $ 70,373 $ 49,229
Direct Cost of Revenues        
Total Direct Cost of Revenues (7,060) (5,115) (20,883) (13,943)
Provision for Impairment   0   0
Management Fee Income        
Revenues        
Total Revenues 1,094 951 3,294 2,835
Interest Income From Commercial Loans and Investments        
Revenues        
Total Revenues 1,114 1,323 2,965 3,331
Direct Cost of Revenues        
Provision for Impairment     (500) 0
Real Estate Operations        
Revenues        
Total Revenues 1,079 3,149 2,602 4,395
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (152) $ (1,661) $ (876) $ (1,940)