v3.25.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Rental revenue $ 21,968,000 $ 20,469,000
Interest income on notes receivable from affiliates 1,366,000 923,000
Other 21,000 28,000
Total revenues 23,355,000 21,420,000
Operating Expenses    
Property operating expenses 3,044,000 2,905,000
Management fees to affiliates 429,000 324,000
General and administrative expenses 339,000 337,000
Depreciation and amortization 10,972,000 10,368,000
Provisions for impairment   250,000
Total operating expenses 14,784,000 14,184,000
Income from Operations 8,571,000 7,236,000
Other Income (Expense)    
Interest expense (9,192,000) (7,838,000)
Interest income 4,000 13,000
Total other income (expense) (9,188,000) (7,825,000)
Net (loss) (617,000) (589,000)
Net loss attributable to noncontrolling interests 217,000 199,000
Net (loss) attributable to common shareholders $ (400,000) $ (390,000)
Net (loss) per common share attributable to common shareholders, basic $ (0.02) $ (0.02)
Net (loss) per common share attributable to common shareholders, diluted $ (0.02) $ (0.02)
Weighted average number of common shares outstanding, basic 16,521,673 15,705,274
Weighted average number of common shares outstanding, diluted 16,521,673 15,705,274
Other comprehensive (loss):    
Net (loss) $ (617,000) $ (589,000)
Other comprehensive (loss) - unrealized gain (loss) on change in fair value of cash flow hedges (267,000) 497,000
Comprehensive (loss) (884,000) (92,000)
Comprehensive loss attributable to noncontrolling interests 310,000 31,000
Comprehensive (loss) attributable to common shareholders $ (574,000) $ (61,000)