Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Lease income $ 24,528 $ 25,224 $ 49,220 $ 50,807
Expenses:        
Operating expenses 3,085 3,099 6,209 6,302
Depreciation and amortization 4,365 4,683 8,794 9,440
General and administrative expenses 1,246 1,026 2,597 2,549
Total expenses 8,696 8,808 17,600 18,291
Other income:        
Gain on sales of investment properties, net 6,124 1,102 6,124 2,450
Other income 260 365 523 685
Total other income 6,384 1,467 6,647 3,135
Net income $ 22,216 $ 17,883 $ 38,267 $ 35,651
Earnings per certificate – basic and diluted:        
Net income per certificate - basic (in usd per share) $ 0.30 $ 0.24 $ 0.51 $ 0.48
Net income per certificate - diluted (in usd per share) $ 0.30 $ 0.24 $ 0.51 $ 0.48
Weighted average number of certificates outstanding – basic (shares) 75 75 75 75
Weighted average number of certificates outstanding – diluted (shares) 75 75 75 75