Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Lease income $ 25,402 $ 27,690 $ 50,926 $ 55,396
Expenses:        
Operating expenses 3,284 3,711 6,597 6,983
Depreciation and amortization 4,817 5,336 9,647 10,671
General and administrative expenses 753 2,068 2,592 4,626
Total expenses 8,854 11,115 18,836 22,280
Other income:        
Gain on sales of investment properties, net 0 0 828 3,651
Other income 283 16 1,069 254
Total other income 283 16 1,897 3,905
Net income $ 16,831 $ 16,591 $ 33,987 $ 37,021
Earnings per certificate – basic and diluted:        
Net income per certificate - basic (in usd per share) $ 0.22 $ 0.22 $ 0.45 $ 0.49
Net income per certificate - diluted (in usd per share) $ 0.22 $ 0.22 $ 0.45 $ 0.49
Weighted average number of certificates outstanding – basic (shares) 75.0 75.0 75.0 75.0
Weighted average number of certificates outstanding – diluted (shares) 75.0 75.0 75.0 75.0