Equity (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Equity |
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| Schedule of common stock purchases under Common Stock Repurchase Plan |
| | | | | | | | | | | | Purchase (Trade) Date | | Shares Purchased | | Price Per Share | | Fees | | Total Cost (1) | August 6, 2024 | | 2,830 | | $ | 11.47 | | $ | 63 | | $ | 32,467 | Total - year ended December 31, 2024 | | 2,830 | | $ | 11.47 | (2) | $ | 63 | | $ | 32,467 | | | | | | | | | | | | | February 3, 2025 | | 2,830 | | $ | 12.30 | | $ | 77 | | $ | 34,886 | February 10, 2025 | | 2,830 | | | 12.30 | | | 63 | | | 34,872 | March 19, 2025 | | 2,830 | | | 13.00 | | | 77 | | | 36,866 | April 23, 2025 | | 2,830 | | | 12.05 | | | 63 | | | 34,164 | Total - year ended December 31, 2025 | | 11,320 | | $ | 12.44 | (2) | $ | 280 | | $ | 140,788 |
| (1) | Total cost including transaction fees. |
| (2) | Annual average price per share, including fees. |
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| Schedule of income (loss) per common share |
| | | | | | | | | Three months ended March 31, | | | 2026 | | 2025 | | | (unaudited) | | (unaudited) | Basic and diluted shares outstanding | | | | | | | Weighted average Common Shares – basic | | | 1,279,523 | | | 1,357,050 | Effect of conversion of Operating Partnership Units | | | 568,612 | | | 24,169 | Weighted average Common Shares – diluted | | | 1,848,135 | | | 1,381,219 | | | | | | | | Calculation of loss per share – basic and diluted | | | | | | | Net loss attributable to common stockholders | | $ | — | | $ | (1,006,826) | Weighted average Common Shares – basic and diluted | | | — | | | 1,357,050 | Loss per share – basic and diluted | | $ | — | | $ | (0.74) | | | | | | | | Calculation of earnings per share – basic | | | | | | | Net income attributable to common stockholders | | $ | 8,966,809 | | $ | — | Weighted average Common Shares – basic | | | 1,279,523 | | | — | Earnings per share – basic | | $ | 7.01 | | $ | — | | | | | | | | Calculation of earnings per share – diluted | | | | | | | Net income attributable to common stockholders | | $ | 8,966,809 | | $ | — | Weighted average Common Shares – diluted | | | 1,848,135 | | | — | Earnings per share – diluted | | $ | 4.85 | | $ | — |
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| Schedule of dividends and distributions to common shareholders and noncontrolling interests |
| | | | | | | | | Three months ended March 31, | | | 2026 | | 2025 | | | (unaudited) | | (unaudited) | Common stockholders (dividends) | | $ | 74,925 | | $ | 87,977 | Parkway Property noncontrolling interest (distributions) | | | 552,953 | | | 9,000 | DST Entities noncontrolling interest (distributions) | | | 18,305 | | | — | Operating Partnership Unit holders (distributions) | | | 74,994 | | | 26,482 | Total dividends and distributions | | $ | 721,177 | | $ | 123,459 |
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