v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental revenue $ 29,339 $ 13,236 $ 59,010 $ 21,505
Rental revenue 29,339 13,236 59,010 21,505
Expenses        
Rental property operating 11,431 4,436 22,722 7,469
General and administrative 1,500 1,551 3,345 3,198
Depreciation and amortization 13,141 8,132 28,089 11,690
Total expenses 26,072 14,119 54,156 22,357
Other income (expense), net        
Income from investments in real estate debt 4,836 2,084 10,018 3,562
Income from investments in real estate-related and other securities 160 1,053 183 2,134
Mandatorily redeemable instruments interest costs (12) (1,552) (585) (2,738)
Interest expense (8,634) (2,992) (17,944) (5,480)
Other income, net 1,391 2,230 1,505 4,973
Total other (expense) income, net (2,259) 823 (6,823) 2,451
Net income (loss) 1,008 (60) (1,969) 1,599
Net loss attributable to non-controlling interests in consolidated joint ventures (76) (92) (275) (113)
Net (loss) income attributable to JPMREIT stockholders, basic 1,084 32 (1,694) 1,712
Net (loss) income attributable to JPMREIT stockholders, diluted $ 1,084 $ 32 $ (1,694) $ 1,712
Net (loss) income per share of common stock – basic (usd per share) $ 0.01 $ 0 $ (0.02) $ 0.03
Net (loss) income per share of common stock – diluted (usd per share) $ 0.01 $ 0 $ (0.02) $ 0.03
Weighted-average shares of common stock outstanding - basic (in shares) 97,919 65,443 90,111 58,122
Weighted-average shares of common stock outstanding - diluted (in shares) 97,925 65,449 90,111 58,127