v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental revenues $ 19,697,044 $ 19,834,355 $ 39,838,239 $ 39,634,475
Other property operating revenues 5,222,585 5,135,709 11,649,476 9,016,952
Total revenues 24,919,629 24,970,064 51,487,715 48,651,427
Operating expenses:        
General and administrative expenses 1,370,636 74,539 2,361,518 148,531
Depreciation and amortization 8,436,753 8,949,949 17,176,043 17,880,662
Management fees 1,285,086 1,546,313 2,418,848 3,059,834
Property operating expenses 10,036,630 10,030,192 20,930,979 17,134,378
Total operating expenses 21,129,105 20,600,993 42,887,388 38,223,405
Other income (expense):        
Income (loss) from investments in real estate-related assets 80,177 (15,185) 97,910 9,239
Interest income 177,568 217,745 346,084 498,478
Unrealized gain (loss) from investment in infrastructure fund, at fair value 420,370 (53,463) 779,803 (53,463)
Loss on extinguishment of debt       (333,574)
Net gain on dispositions of real estate 13,535,240   13,306,908  
Other income       130,000
Other expense 1,878,941      
Interest expense (6,363,076) (7,265,896) (13,486,513) (14,111,627)
Total other income (expense) 9,729,220 (7,116,799) 1,044,192 (13,860,947)
Net income (loss) 13,519,744 (2,747,728) 9,644,519 (3,432,925)
Net loss attributable to non-controlling interests in consolidated subsidiaries (189,729) (702,163) (563,847) (855,246)
Net income (loss) attributable to non-controlling interests in CFIT OP 4,044,737 (325,277) 3,059,655 (408,855)
Dividends on preferred stock 437,260   437,260  
Net income (loss) attributable to common stockholders $ 9,227,476 $ (1,720,288) $ 6,711,451 $ (2,168,824)
Weighted average shares outstanding, basic 10,953,040 12,283,136 11,290,653 12,432,805
Weighted average shares outstanding,diluted 10,953,040 12,283,136 11,290,653 12,432,805
Net income (loss) per common share - basic $ 0.84 $ (0.14) $ 0.59 $ (0.17)
Net income (loss) per common share - diluted $ 0.84 $ (0.14) $ 0.59 $ (0.17)