v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Total revenues $ 8,765,000 $ 8,923,000
EXPENSES    
Operating, maintenance and management 2,424,000 2,411,000
Real estate and other property-related taxes 1,387,000 1,389,000
Corporate general and administrative 562,000 712,000
Depreciation and amortization 1,892,000 2,493,000
Total expenses 6,265,000 7,005,000
OPERATING INCOME 2,500,000 1,918,000
NON-OPERATING INCOME AND EXPENSES    
Interest expense, net (2,177,000) (1,904,000)
Total non-operating income and expenses (2,177,000) (1,904,000)
NET INCOME 323,000 14,000
Preferred stock dividends (2,688,000) (2,688,000)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS (2,365,000) (2,674,000)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,365,000) $ (2,674,000)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share) $ (0.17) $ (0.19)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS (in dollars per share) $ (0.17) $ (0.19)
Weighted average number of common shares (in shares) 13,718,000 13,718,000
Weighted average number of common shares (in shares) 13,718,000 13,718,000
Rental revenues    
REVENUES    
Total revenues $ 8,715,000 $ 8,641,000
Other revenues    
REVENUES    
Total revenues $ 50,000 $ 282,000

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