Condensed Consolidated Statements of Income and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Rental revenues | $ 40,049 | $ 37,861 | $ 80,033 | $ 75,193 |
| Expenses: | ||||
| Depreciation | 9,183 | 8,695 | 18,423 | 17,377 |
| Amortization | 1,987 | 2,629 | 4,200 | 5,217 |
| General and administrative expenses | 3,247 | 1,999 | 5,769 | 4,056 |
| Property taxes | 3,962 | 3,775 | 7,699 | 7,425 |
| Facility rent expenses | 175 | 147 | 304 | 294 |
| Total expenses | 18,554 | 17,245 | 36,395 | 34,369 |
| Income from operations | 21,495 | 20,616 | 43,638 | 40,824 |
| Interest expense, net | (11,820) | (11,365) | (23,906) | (24,001) |
| Amortization of deferred financing costs | (209) | (201) | (410) | (402) |
| Mortgage insurance premium | (377) | (388) | (759) | (776) |
| Total interest expense | (12,406) | (11,954) | (25,075) | (25,179) |
| Other (loss) income: | ||||
| Other (loss) income | (151) | (151) | 8 | |
| Net income | 8,938 | 8,662 | 18,412 | 15,653 |
| Less - | ||||
| Net income attributable to non-controlling interest | (6,780) | (6,706) | (13,974) | (12,113) |
| Net income attributable to common stockholders | 2,158 | 1,956 | 4,438 | 3,540 |
| Other comprehensive loss: | ||||
| Loss due to foreign currency translation | (22,526) | (20,820) | (25,001) | (16,746) |
| Comprehensive loss attributable to non-controlling interest | 16,980 | 16,118 | 18,859 | 12,967 |
| Comprehensive loss | (3,388) | (2,746) | (1,704) | (239) |
| Net income attributable to common stockholders | $ 2,158 | $ 1,956 | $ 4,438 | $ 3,540 |
| Basic income per common share | $ 0.16 | $ 0.16 | $ 0.33 | $ 0.29 |
| Diluted income per common share | $ 0.16 | $ 0.16 | $ 0.33 | $ 0.29 |
| Weighted average number of common shares outstanding, Basic | 13,454,882 | 12,457,560 | 13,400,894 | 12,327,563 |
| Weighted average number of common shares outstanding, Diluted | 13,454,882 | 12,457,560 | 13,400,894 | 12,327,563 |
| X | ||||||||||
- Definition Facility rent expenses. No definition available.
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- Definition Mortgage insurance premium. No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of amortization expense attributable to debt discount (premium) and debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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