| Schedule of computation of earnings per share |
| | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | Net Income (Loss) Attributable to Common Stockholders | | $ | 3,443 | | $ | (1,310) | | $ | 7,510 | | $ | (4,130) | | | | | | | | | | | | | | Weighted Average Number of Common Shares Outstanding | | | 17,694,160 | | | 14,158,190 | | | 16,776,481 | | | 14,328,245 | Weighted Average Number of Common Shares Applicable to OP Units using Treasury Stock Method (1) | | | 1,223,854 | | | 1,223,854 | | | 1,223,854 | | | 1,223,854 | Total Shares Applicable to Diluted Earnings per Share | | | 18,918,014 | | | 15,382,044 | | | 18,000,335 | | | 15,552,099 | | | | | | | | | | | | | | Per Common Share Data: | | | | | | | | | | | | | Net Income (Loss) Attributable to Common Stockholders | | | | | | | | | | | | | Basic | | $ | 0.19 | | $ | (0.09) | | $ | 0.45 | | $ | (0.29) | Diluted | | $ | 0.18 | | $ | (0.09) | | $ | 0.42 | | $ | (0.29) |
| (1) | Represents OP Units issued to CTO and its subsidiaries in connection with our formation transactions (See Note 19, “Related Party Management Company”). |
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