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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental revenues (including $223 and $312 for the three months ended September 30, 2022 and 2021, respectively, and $702 and $867 for nine months ended September 30, 2022 and 2021, respectively, from related parties) $ 7,570 $ 9,628 $ 22,310 $ 30,183
Other income 749 406 1,566 2,474
Total revenue 8,319 10,034 23,876 32,657
Expenses:        
Property operating expenses (including $110 and $178 for the three months ended September 30, 2022 and 2021, respectively, and $337 and $755 for nine months ended September 30, 2022 and 2021, respectively, from related parties) 4,701 5,610 12,541 16,500
Depreciation and amortization 2,193 2,935 6,840 9,473
General and administrative (including $1,199 and $947 for the three months ended September 30, 2022 and 2021, respectively, and $3,133 and $3,195 for nine months ended September 30, 2022 and 2021, respectively, from related parties) 2,756 2,813 7,348 8,549
Advisory fee to related party 1,434 3,234 6,885 10,144
Total operating expenses 11,084 14,592 33,614 44,666
Net operating loss (2,765) (4,558) (9,738) (12,009)
Interest income (including $5,194 and $4,337 for the three months ended September 30, 2022 and 2021, respectively, and $13,429 and $11,961 for the nine months ended September 30, 2022 and 2021, respectively, from related parties) 8,087 5,155 18,807 14,518
Interest expense (including $708 and $413 for the three months ended September 30, 2022 and 2021, respectively, and $1,645 and $1,200 for the nine months ended September 30, 2022 and 2021, respectively, from related parties) (4,700) (5,910) (14,787) (19,096)
Gain (loss) on foreign currency transactions     19,437 1,185
Loss on early extinguishment of debt (1,166) (1,451) (2,805) (1,451)
Equity in income from unconsolidated joint venture 464,085 3,627 470,428 11,535
Gain on sale or write-down of assets, net 1,539 31,312 16,580 22,970
Income tax provision (88,037) (156) (88,105) 1,037
Net income 378,576 26,380 409,817 18,689
Net income attributable to noncontrolling interest (225) (134) (503) (544)
Net income attributable to the Company $ 378,351 $ 26,246 $ 409,314 $ 18,145
Earnings per share - basic and diluted        
Basic (in dollars per share) $ 43.79 $ 3.04 $ 47.38 $ 2.10
Diluted (in dollars per share) $ 43.79 $ 3.04 $ 47.38 $ 2.10
Weighted average common shares used in computing earnings per share - basic and diluted        
Basic (in shares) 8,639,316 8,639,316 8,639,316 8,639,316
Diluted (in shares) 8,639,316 8,639,316 8,639,316 8,639,316