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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental revenues (including $268 and $256 for the three months ended March 31, 2023 and 2022, respectively, from related parties) $ 11,009 $ 7,481
Other income 679 306
Total revenue 11,688 7,787
Expenses:    
Property operating expenses (including $100 and $117 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 6,106 4,028
Depreciation and amortization 3,102 2,349
General and administrative (including $1,431 and $1,292 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 2,883 2,531
Advisory fee to related party 2,170 3,005
Total operating expenses 14,261 11,913
Net operating loss (2,573) (4,126)
Interest income (including $6,081 and $3,963 for the three months ended March 31, 2023 and 2022, respectively, from related parties) 9,772 5,814
Interest expense (including $944 and $418 for the three months ended March 31, 2023 and 2022, respectively, from related parties) (4,031) (5,027)
Gain on foreign currency transactions 971 3,772
Loss on early extinguishment of debt 0 (1,639)
Equity in income from unconsolidated joint venture 688 4,706
Gain on sale or write-down of assets, net 0 11,148
Income tax provision (1,112) (28)
Net income 3,715 14,620
Net income attributable to noncontrolling interest (198) (118)
Net income attributable to the Company $ 3,517 $ 14,502
Earnings per share - basic and diluted    
Basic (in dollars per share) $ 0.41 $ 1.68
Diluted (in dollars per share) $ 0.41 $ 1.68
Weighted average common shares used in computing earnings per share - basic and diluted    
Basic (in shares) 8,639,316 8,639,316
Diluted (in shares) 8,639,316 8,639,316