v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Income Properties $ 33,375 $ 25,878 $ 65,047 $ 50,501
Interest Income From Commercial Loans and Investments 3,016 1,441 5,977 2,792
Total Revenues 37,638 28,845 73,449 56,972
Direct Cost of Revenues        
Total Direct Cost of Revenues (10,178) (8,339) (19,069) (15,911)
General and Administrative Expenses (4,448) (3,459) (9,131) (7,675)
Provision for Impairment   (67)   (115)
Depreciation and Amortization (15,294) (11,549) (29,658) (22,480)
Total Operating Expenses (29,920) (23,414) (57,858) (46,181)
Gain on Disposition of Assets       9,163
Loss on Extinguishment of Debt (20,396)   (20,396)  
Other Gain (Loss) (20,396)   (20,396) 9,163
Total Operating Income (Loss) (12,678) 5,431 (4,805) 19,954
Investment and Other Income (Loss) (3,687) 1,429 (3,112) (1,830)
Interest Expense (6,859) (5,604) (12,995) (11,133)
Income (Loss) Before Income Tax Benefit (Expense) (23,224) 1,256 (20,912) 6,991
Income Tax Benefit (Expense) (194) (73) (245) 34
Net Income (Loss) Attributable to the Company (23,418) 1,183 (21,157) 7,025
Distributions to Preferred Stockholders (1,878) (1,871) (3,756) (3,058)
Net Income (Loss) Attributable to Common Stockholders $ (25,296) $ (688) $ (24,913) $ 3,967
Per Share Information-See Note 13:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.77) $ (0.03) $ (0.78) $ 0.17
Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.77) $ (0.03) $ (0.78) $ 0.17
Weighted Average Number of Common Shares - Basic (in shares) 32,678,771 22,787,252 32,118,982 22,669,246
Weighted Average Number of Common Shares - Diluted (in shares) 32,727,831 22,828,148 32,174,574 22,674,796
Income Properties        
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (10,178) $ (8,080) $ (19,069) $ (14,833)
Management Fee Income        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax $ 1,247 1,131 $ 2,425 2,236
Real Estate Operations        
Revenues        
Revenue from Contract with Customer, Including Assessed Tax   395   1,443
Direct Cost of Revenues        
Total Direct Cost of Revenues   $ (259)   $ (1,078)