v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Income Properties $ 36,580 $ 31,672
Interest Income From Commercial Loans and Investments 3,244 2,961
Total Revenues 41,173 35,811
Direct Cost of Revenues    
Total Direct Cost of Revenues (10,168) (8,891)
General and Administrative Expenses (5,077) (4,683)
Provision for Impairment and Adjustment to CECL Reserve 321  
Depreciation and Amortization (15,956) (14,364)
Total Operating Expenses (30,880) (27,938)
Total Operating Income 10,293 7,873
Investment and Other Income 3,243 575
Interest Expense (7,271) (6,136)
Income Before Income Tax Expense 6,265 2,312
Income Tax Expense (60) (51)
Net Income Attributable to the Company 6,205 2,261
Distributions to Preferred Stockholders (1,878) (1,878)
Net Income Attributable to Common Stockholders $ 4,327 $ 383
Per Share Information-See Note 12:    
Basic Net Income Attributable to Common Stockholders (in dollars per share) $ 0.13 $ 0.01
Diluted Net Income Attributable to Common Stockholders (in dollars per share) $ 0.13 $ 0.01
Weighted Average Number of Common Shares - Basic (in shares) 32,519,156 31,552,973
Weighted Average Number of Common Shares - Diluted (in shares) 32,522,938 31,595,431
Income Properties    
Direct Cost of Revenues    
Total Direct Cost of Revenues $ (10,168) $ (8,891)
Management Fee Income    
Revenues    
Revenue from Contract with Customer, Including Assessed Tax $ 1,349 $ 1,178