v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Income Properties $ 37,136 $ 33,375 $ 73,716 $ 65,047
Revenue from Contract with Customer, Including Assessed Tax $ 1,466 $ 1,247 $ 2,815 $ 2,425
Revenue from Contract with Customer, Product and Service Management Service Management Service Management Service Management Service
Interest Income From Commercial Loans and Investments $ 5,229 $ 3,016 $ 8,473 $ 5,977
Total Revenues 43,831 37,638 85,004 73,449
Direct Cost of Revenues        
Total Direct Cost of Revenues (11,126) (10,178) (21,294) (19,069)
General and Administrative Expenses (4,630) (4,448) (9,707) (9,131)
Provision for Impairment and Adjustment to CECL Reserve (1,084)   (763)  
Depreciation and Amortization (15,847) (15,294) (31,803) (29,658)
Total Operating Expenses (32,687) (29,920) (63,567) (57,858)
Gain on Disposition of Assets 2,107   2,107  
Loss on Extinguishment of Debt   (20,396)   (20,396)
Other Gain (Loss) 2,107 (20,396) 2,107 (20,396)
Total Operating Income (Loss) 13,251 (12,678) 23,544 (4,805)
Investment and Other Income (Loss) 10,765 (3,687) 14,008 (3,112)
Interest Expense (7,783) (6,859) (15,054) (12,995)
Income (Loss) Before Income Tax Expense 16,233 (23,224) 22,498 (20,912)
Income Tax Expense (1,121) (194) (1,181) (245)
Net Income (Loss) Attributable to the Company 15,112 (23,418) 21,317 (21,157)
Distributions to Preferred Stockholders (1,878) (1,878) (3,756) (3,756)
Net Income (Loss) Attributable to Common Stockholders $ 13,234 $ (25,296) $ 17,561 $ (24,913)
Per Share Information - See Note 12:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ 0.38 $ (0.77) $ 0.52 $ (0.78)
Diluted Net Income (loss) Attributable to Common Stockholders (in dollars per share) $ 0.38 $ (0.77) $ 0.52 $ (0.78)
Weighted Average Number of Common Shares        
Basic (in shares) 34,988,612 32,678,771 33,760,706 32,118,982
Diluted (in shares) 35,024,642 32,727,831 33,788,343 32,174,574
Income Properties        
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (11,126) $ (10,178) $ (21,294) $ (19,069)