v3.26.3
CONDENSED 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        
Total revenues $ 6,728 $ 6,854 $ 20,176 $ 21,724
EXPENSES        
Operating, maintenance and management 1,155 1,300 3,880 4,643
Real estate and other property-related taxes 1,048 1,154 2,922 3,396
Corporate general and administrative 207 478 1,325 1,965
Depreciation and amortization 1,811 1,937 5,373 5,903
Total expenses 4,221 4,869 13,500 15,907
OTHER        
Gain on sales 0 0 0 2,422
Impairment charges 0 (4,436) 0 (4,436)
Total other 0 (4,436) 0 (2,014)
OPERATING INCOME (LOSS) 2,507 (2,451) 6,676 3,803
NON-OPERATING INCOME AND EXPENSES        
Interest expense, net (2,179) (2,598) (6,524) (6,822)
Loss on loan prepayment 0 0 0 (718)
Total non-operating income and expenses (2,179) (2,598) (6,524) (7,540)
NET INCOME (LOSS) 328 (5,049) 152 (3,737)
Preferred stock dividends (1,116) (1,455) (3,449) (4,766)
Deemed contributions on preferred stock 0 4,908 2,168 18,342
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic (788) (1,596) (1,129) 9,839
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted $ (788) $ (1,596) $ (1,129) $ 9,839
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic (in dollars per share) $ (0.06) $ (0.12) $ (0.08) $ 0.72
NET (LOSS) INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted (in dollars per share) $ (0.06) $ (0.12) $ (0.08) $ 0.72
Weighted average number of common shares, basic (in shares) 13,718,169 13,718,169 13,718,169 13,718,169
Weighted average number of common shares, diluted (in shares) 13,718,169 13,718,169 13,718,169 13,718,169
Rental revenues        
REVENUES        
Total revenues $ 6,688 $ 6,813 $ 19,815 $ 21,419
Other revenues        
REVENUES        
Total revenues $ 40 $ 41 $ 361 $ 305

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