v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Total revenues $ 7,415 $ 8,765
EXPENSES    
Operating, maintenance and management 1,919 2,374
Real estate and other property-related taxes 1,140 1,387
Corporate general and administrative 653 612
Depreciation and amortization 1,976 1,892
Total expenses 5,688 6,265
OTHER    
Gain on sales 2,422 0
Total other 2,422 0
OPERATING INCOME 4,149 2,500
NON-OPERATING INCOME AND EXPENSES    
Interest expense, net (1,986) (2,177)
Loss on loan prepayment (718) 0
Total non-operating income and expenses (2,704) (2,177)
NET INCOME 1,445 323
Preferred stock dividends (1,864) (2,688)
Deemed contribution related to preferred stock repurchases 10,249 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS 9,830 (2,365)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,830 $ (2,365)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share) $ 0.72 $ (0.17)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share) $ 0.72 $ (0.17)
Weighted average number of common shares (in shares) 13,718,169 13,718,169
Weighted average number of common shares (in shares) 13,718,169 13,718,169
Rental revenues    
REVENUES    
Total revenues $ 7,392 $ 8,715
Other revenues    
REVENUES    
Total revenues $ 23 $ 50

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