PRO FORMA FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2022

Pro Forma Financial Information

PRO FORMA FINANCIAL INFORMATION (UNAUDITED)

NOTE 18– PRO FORMA FINANCIAL INFORMATION (UNAUDITED)

The following unaudited pro forma condensed financial information reflects the acquisitions during 2021 and through 2022. This information has been prepared utilizing the historical financial statements of the Company and the effect of additional revenue and expenses from the properties acquired during this period, after giving effect to certain adjustments including (a) rental and related income; (b) community operating expenses; (c) interest expense resulting from the assumed increase in mortgages and loans payable related to the new acquisitions and (d) depreciation expense related to the new acquisitions. The unaudited pro forma condensed financial information is not indicative of the results of operations that would have been achieved had the acquisitions reflected herein been consummated on the dates indicated or that will be achieved in the future (in thousands).

	For the years ended December 31,
	2022			2021
Rental and Related Income	$	174,746		$	165,078
Community Operating Expenses		76,747			70,098
Net Income (Loss) Attributable to Common Shareholders		(37,536	)		19,298
Net Income (Loss) Attributable to Common Shareholders per Share:
Basic		(0.69	)		0.42
Diluted		(0.69	)		0.41