v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental revenue $ 71,344 $ 25,253 $ 17,713
Total revenues 71,344 25,253 17,713
Expenses      
Rental property operating 24,334 9,947 5,274
General and administrative 7,091 4,641 3,835
Depreciation and amortization 43,385 10,057 7,860
Total expenses 74,810 24,645 16,969
Other income (expense), net      
Income from investments in real estate debt 10,989 4,125 1,738
Income (loss) from investments in real estate-related and other securities 2,721 109 (372)
Mandatorily redeemable instruments interest costs (6,562) (7,870) (4,500)
Interest expense (19,375) (8,116) (7,245)
Other income, net 5,310 1,349 1,206
Total other expense, net (6,917) (10,403) (9,173)
Net loss (10,383) (9,795) (8,429)
Net loss attributable to non-controlling interests in consolidated joint ventures (603) (52) (103)
Net loss attributable to JPMREIT stockholders, basic (9,780) (9,743) (8,326)
Net loss attributable to JPMREIT stockholders, diluted $ (9,780) $ (9,743) $ (8,326)
Net loss per share of common stock - basic $ (0.15) $ (0.52) $ (1.03)
Net loss per share of common stock - diluted $ (0.15) $ (0.52) $ (1.03)
Weighted-average shares of common stock outstanding - basic 66,691 18,731 8,069
Weighted-average shares of common stock outstanding - diluted 66,691 18,731 8,069