v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Rental revenue $ 13,236 $ 5,873 $ 21,505 $ 10,950
Total revenues 13,236 5,873 21,505 10,950
Expenses        
Rental property operating 4,436 2,140 7,469 3,932
General and administrative 1,551 1,262 3,198 2,239
Depreciation and amortization 8,132 2,340 11,690 4,298
Total expenses 14,119 5,742 22,357 10,469
Other income (expense), net        
Income from investments in real estate debt 2,084 445 3,562 891
Income from investments in real estate-related and other securities 1,053 5 2,134 11
Mandatorily redeemable instruments interest costs (1,552) (2,729) (2,738) (3,568)
Interest expense (2,992) (1,768) (5,480) (3,358)
Other income, net 2,230 282 4,973 321
Total other income (expense), net 823 (3,765) 2,451 (5,703)
Net income (loss) (60) (3,634) 1,599 (5,222)
Net loss attributable to non-controlling interests in consolidated joint ventures (92) (1) (113) (17)
Net income (loss) attributable to JPMREIT stockholders, basic 32 (3,633) 1,712 (5,205)
Net income (loss) attributable to JPMREIT stockholders, diluted $ 32 $ (3,633) $ 1,712 $ (5,205)
Net income (loss) per share of common stock - basic $ 0 $ (0.22) $ 0.03 $ (0.34)
Net income (loss) per share of common stock - diluted $ 0 $ (0.22) $ 0.03 $ (0.34)
Weighted-average shares of common stock outstanding - basic 65,443 16,811 58,122 15,332
Weighted-average shares of common stock outstanding - diluted 65,449 16,811 58,127 15,332