v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Income Properties $ 38,451 $ 33,439 $ 112,167 $ 98,486
Revenue from Contract with Customer, Including Assessed Tax $ 1,521 $ 1,176 $ 4,336 $ 3,601
Revenue from Contract with Customer, Product and Service Management Service Management Service Management Service Management Service
Interest Income From Commercial Loans and Investments $ 6,942 $ 3,142 $ 15,415 $ 9,119
Total Revenues 46,914 37,757 131,918 111,206
Direct Cost of Revenues        
Total Direct Cost of Revenues (11,581) (9,274) (32,875) (28,343)
General and Administrative Expenses (5,806) (4,780) (15,513) (13,911)
Provision for Impairment and Adjustment to CECL Reserve (354) (68) (1,117) (68)
Depreciation and Amortization (17,393) (14,929) (49,196) (44,587)
Total Operating Expenses (35,134) (29,051) (98,701) (86,909)
Gain on Disposition of Assets   1,373 2,107 1,373
Loss on Extinguishment of Debt (211) (53) (211) (20,449)
Other Gain (Loss) (211) 1,320 1,896 (19,076)
Total Operating Income 11,569 10,026 35,113 5,221
Investment and Other Income (Loss) (9,419) (221) 4,589 (3,333)
Interest Expense (7,934) (6,833) (22,988) (19,828)
Income (Loss) Before Income Tax Expense (5,784) 2,972 16,714 (17,940)
Income Tax Benefit (Expense) 612 (58) (569) (303)
Net Income (Loss) Attributable to the Company (5,172) 2,914 16,145 (18,243)
Distributions to Preferred Stockholders (1,878) (1,878) (5,634) (5,634)
Net Income (Loss) Attributable to Common Stockholders $ (7,050) $ 1,036 $ 10,511 $ (23,877)
Per Share Information - See Note 12:        
Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) $ (0.19) $ 0.03 $ 0.3 $ (0.74)
Diluted Net Income (loss) Attributable to Common Stockholders (in dollars per share) $ (0.19) $ 0.03 $ 0.3 $ (0.74)
Weighted Average Number of Common Shares        
Basic (in shares) 37,537,899 32,651,101 35,033,606 32,298,304
Diluted (in shares) 37,621,472 32,682,775 35,081,726 32,313,895
Income Properties        
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (11,581) $ (9,274) $ (32,875) $ (28,343)