Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.3
Consolidated Statements of Operations - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Lease income $ 24,207 $ 24,995 $ 73,426 $ 75,802
Expenses:        
Operating expenses 2,998 2,954 9,206 9,257
Depreciation and amortization 4,347 4,572 13,142 14,011
Provision for impairment of investment properties 10,671 2,081 10,671 2,081
General and administrative expenses 3,408 1,143 6,005 3,692
Total expenses 21,424 10,750 39,024 29,041
Other income:        
(Loss) gain on sales of investment properties, net (1,851) 1,866 4,273 4,316
Other income 358 332 882 1,017
Total other (loss) income (1,493) 2,198 5,155 5,333
Net income $ 1,290 $ 16,443 $ 39,557 $ 52,094
Earnings per certificate – basic and diluted:        
Net income per certificate - basic (in usd per share) $ 0.02 $ 0.22 $ 0.53 $ 0.69
Net income per certificate - diluted (in usd per share) $ 0.02 $ 0.22 $ 0.53 $ 0.69
Weighted average number of certificates outstanding – basic (shares) 75 75 75 75
Weighted average number of certificates outstanding – diluted (shares) 75 75 75 75