v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
Total revenues $ 6,871 $ 7,415
EXPENSES    
Operating, maintenance and management 1,619 1,919
Real estate and other property-related taxes 970 1,140
Corporate general and administrative 590 653
Depreciation and amortization 1,787 1,976
Total expenses 4,966 5,688
OTHER    
Gain on sales 0 2,422
Total other 0 2,422
OPERATING INCOME 1,905 4,149
NON-OPERATING INCOME AND EXPENSES    
Interest expense, net (2,196) (1,986)
Loss on loan prepayment 0 (718)
Total non-operating income and expenses (2,196) (2,704)
NET (LOSS) INCOME (291) 1,445
Preferred stock dividends (1,226) (1,864)
Deemed contributions on preferred stock 1,603 10,249
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 86 9,830
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted $ 86 $ 9,830
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic (in dollars per share) $ 0.01 $ 0.72
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted (in dollars per share) $ 0.01 $ 0.72
Weighted average number of common shares, basic (in shares) 13,718,169 13,718,169
Weighted average number of common shares, diluted (in shares) 13,718,169 13,718,169
Rental revenues    
REVENUES    
Total revenues $ 6,839 $ 7,392
Other revenues    
REVENUES    
Total revenues $ 32 $ 23

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