Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Equity |
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| Schedule of common stock purchases under Common Stock Repurchase Plan |
| | | | | | | | | | | | Purchase (Trade) Date | | Shares Purchased | | Price Per Share | | Fees | | Total Cost (1) | August 6, 2024 | | 2,830 | | $ | 11.47 | | $ | 63 | | $ | 32,467 | Total - year ended December 31, 2024 | | 2,830 | | $ | 11.47 | (2) | $ | 63 | | $ | 32,467 | | | | | | | | | | | | | February 3, 2025 | | 2,830 | | $ | 12.30 | | $ | 77 | | $ | 34,886 | February 10, 2025 | | 2,830 | | | 12.30 | | | 63 | | | 34,872 | March 19, 2025 | | 2,830 | | | 13.00 | | | 77 | | | 36,866 | April 23, 2025 | | 2,830 | | | 12.05 | | | 63 | | | 34,164 | Total - year ended December 31, 2025 | | 11,320 | | $ | 12.44 | (2) | $ | 280 | | $ | 140,788 |
| (1) | Total cost including transaction fees. |
| (2) | Annual average price per share, including fees. |
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| Schedule of income (loss) per common share |
| | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (unaudited) | | (unaudited) | | (unaudited) | | (unaudited) | Basic and diluted shares outstanding | | | | | | | | | | | | | Weighted average Common Shares – basic | | | 1,592,944 | | | 1,353,132 | | | 1,436,234 | | | 1,355,091 | Effect of conversion of Operating Partnership Units | | | 368,612 | | | 232,865 | | | 368,612 | | | 232,865 | Weighted average Common Shares – diluted | | | 1,961,556 | | | 1,585,997 | | | 1,804,846 | | | 1,587,956 | | | | | | | | | | | | | | Calculation of loss per share – basic and diluted | | | | | | | | | | | | | Net loss attributable to common stockholders | | $ | (418,684) | | $ | (456,444) | | | | | $ | (1,525,485) | Weighted average Common Shares – basic and diluted | | | 1,592,944 | | | 1,353,132 | | | | | | 1,355,091 | Loss per share – basic and diluted | | $ | (0.26) | | $ | (0.34) | | | | | $ | (1.13) | | | | | | | | | | | | | | Calculation of earnings per share – basic | | | | | | | | | | | | | Net income attributable to common stockholders | | | | | | | | $ | 8,548,125 | | | | Weighted average Common Shares – basic | | | | | | | | | 1,436,234 | | | | Earnings per share – basic | | | | | | | | $ | 5.95 | | | | | | | | | | | | | | | | | Calculation of earnings per share – diluted | | | | | | | | | | | | | Net income attributable to common stockholders | | | | | | | | $ | 8,548,125 | | | | Weighted average Common Shares – diluted | | | | | | | | | 1,804,846 | | | | Earnings per share – diluted | | | | | | | | $ | 4.74 | | | |
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| Schedule of dividends and distributions to common shareholders and noncontrolling interests |
| | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (unaudited) | | (unaudited) | | (unaudited) | | (unaudited) | Common stockholders (dividends) | | $ | 96,423 | | $ | 91,479 | | $ | 171,348 | | $ | 179,456 | Parkway Property noncontrolling interest (distributions) | | | 7,200 | | | 9,000 | | | 560,153 | | | 18,000 | DST Entities noncontrolling interest (distributions) | | | 44,865 | | | | | | 63,170 | | | — | Operating Partnership Unit holders (distributions) | | | 54,743 | | | 58,631 | | | 129,737 | | | 85,113 | Total dividends and distributions | | $ | 203,231 | | $ | 159,110 | | $ | 924,408 | | $ | 282,569 |
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