v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Real estate rental revenue $ 62,099 $ 60,103 $ 123,592 $ 119,616
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member] Real Estate [Member] Real Estate [Member]
Expenses        
Property operating and maintenance $ 14,624 $ 13,996 $ 28,799 $ 27,460
Real estate taxes and insurance 8,038 7,986 15,857 16,241
Property management 2,256 2,175 4,502 4,393
General and administrative 7,689 6,138 16,918 12,334
Depreciation and amortization 23,560 23,895 46,799 48,838
Total expenses 56,167 54,190 112,875 109,266
Real estate operating income 5,932 5,913 10,717 10,350
Other income (expense)        
Interest expense (9,498) (9,384) (18,958) (18,878)
Other income 0 0 0 1,410
Total other income (expense) (9,498) (9,384) (18,958) (17,468)
Net (loss) income attributable to the controlling interests $ (3,566) $ (3,471) $ (8,241) $ (7,118)
Basic net loss per common share (in dollars per share) $ (0.04) $ (0.04) $ (0.10) $ (0.08)
Diluted net loss per common share (in dollars per share) $ (0.04) $ (0.04) $ (0.10) $ (0.08)
Weighted average shares outstanding - basic (in shares) 88,093 87,910 88,078 87,898
Weighted average shares outstanding - diluted (in shares) 88,093 87,910 88,078 87,898

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