v3.26.1
Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Rental revenue $ 10,228,000 $ 9,149,000
Total Revenues 10,228,000 9,149,000
Expenses    
Rental property operating expenses 1,366,000 1,058,000
General and administrative expenses 1,016,000 1,096,000
Management fee 129,000 45,000
Performance participation allocation 342,000 0
Depreciation and amortization 3,767,000 3,546,000
Total Expenses 6,620,000 5,745,000
Other Income (Expense)    
Interest income 148,000 406,000
Interest expense (4,483,000) (4,446,000)
Total Other Income (Expense) (4,335,000) (4,040,000)
Net (Loss) (727,000) (636,000)
Dividends to preferred stockholders (6,000) (6,000)
Net loss attributable to redeemable non-controlling interest 199,000 519,000
Net (loss) attributable to common stockholders $ (534,000) $ (123,000)
Net (loss) per share of common stock - basic (in dollars per share) $ (0.08) $ (0.04)
Net (loss) per share of common stock - diluted (in dollars per share) $ (0.08) $ (0.04)
Weighted-average shares of common stock outstanding - basic (in shares) 6,342,541 3,040,293
Weighted-average shares of common stock outstanding - diluted (in shares) 6,342,541 3,040,293