Non-controlling interests on the Company’s consolidated balance sheets is comprised of the following (dollars in thousands): | | | | | | | | | | | | | | | | | Balance as of | | | June 30, 2026 | | December 31, 2025 | | Series A Preferred Units held by third parties | | $ | 1,289 | | | $ | 2,578 | | | Common OP Units held by third parties | | 1,806 | | | 1,883 | | | Total non-controlling interests in the OP | | $ | 3,095 | | | $ | 4,461 | | | | | | | | | | | |
Net income attributable to non-controlling interests on the Company’s consolidated statements of operations and comprehensive loss are comprised of the following (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Income attributable to Series A Preferred Units held by third parties | | $ | (23) | | | $ | (46) | | | $ | (69) | | | $ | (92) | | | Loss attributable to Common OP Units held by third parties | | 53 | | | 91 | | | 71 | | | 98 | | | Net income attributable to non-controlling interests in the OP | | 30 | | | 45 | | | 2 | | | 6 | | | Income attributable to non-controlling interests in property-owning subsidiaries | | — | | | (14) | | | | | (29) | | | Net loss (income) attributable to non-controlling interests | | $ | 30 | | | $ | 31 | | | $ | 2 | | | $ | (23) | |
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