Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations

v3.22.0.1
Consolidated Statement of Operations
$ in Thousands
 11 Months Ended
Dec. 31, 2021
USD ($)
$ / shares
shares
Revenues:  
Lease income $ 146,924
Expenses:  
Operating expenses 14,262
Depreciation and amortization 35,182
Provision for impairment of investment properties 1,951
General and administrative expenses 8,145
Total expenses 59,540
Other income (expense):  
Gain on sales of investment properties, net 109,696
Formation expenses (364)
Total other income 109,332
Net income $ 196,716
Earnings per certificate – basic and diluted:  
Net income per certificate - basic (in usd per share) | $ / shares $ 2.62
Net income per certificate - diluted (in usd per share) | $ / shares $ 2.62
Weighted average number of certificates outstanding – basic (shares) | shares 75,000,000
Weighted average number of certificates outstanding – diluted (shares) | shares 75,000,000