v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental income $ 20,766 $ 19,972
Total revenues 20,766 19,972
Operating Expenses:    
Property operating expenses 4,175 3,894
General and administrative 2,858 2,779
Depreciation and amortization 3,737 3,489
Total operating expenses 10,770 10,162
Operating income 9,996 9,810
Interest expense (6,776) (6,673)
Equity in earnings of unconsolidated affiliate 60 55
Other income 228 351
Net income 3,508 3,543
Less: Net income attributable to noncontrolling interest 561 563
Net income attributable to common stockholders $ 2,947 $ 2,980
Net income per common share attributable to common stockholders - basic earnings per share $ 0.22 $ 0.22
Net income per common share attributable to common stockholders - diluted earnings per share $ 0.22 $ 0.22
Weighted average common shares outstanding – basic 13,345,980 13,326,965
Weighted average common shares outstanding – diluted 13,516,555 13,511,854