Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended
Mar. 31, 2021
Mar. 31, 2022
Revenues:    
Lease income $ 27,453 $ 27,706
Expenses:    
Operating expenses 2,651 3,273
Depreciation and amortization 6,764 5,336
Provision for impairment of investment properties 0 0
General and administrative expenses 1,192 2,558
Total expenses 10,607 11,167
Other income (expense):    
Gain on sales of investment properties, net 0 3,651
Other income 0 238
Formation expenses (364) 0
Total other income (expense) (364) 3,889
Net income $ 16,482 $ 20,428
Earnings per certificate – basic and diluted:    
Net income per certificate - basic (in usd per share) $ 0.22 $ 0.27
Net income per certificate - diluted (in usd per share) $ 0.22 $ 0.27
Weighted average number of certificates outstanding – basic (shares) 75,000,000 75,000,000
Weighted average number of certificates outstanding – diluted (shares) 75,000,000 75,000,000