Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Lease income $ 146,924 $ 101,582 $ 108,395
Expenses:      
Operating expenses 14,262 12,610 13,691
Depreciation and amortization 35,182 19,245 20,692
Provision for impairment of investment properties 1,951 0 0
General and administrative expenses 8,145 5,263 8,914
Total expenses 59,540 37,118 43,297
Other income:      
Gain on sales of investment properties, net 109,696 2,936 21,726
Other income 0 1,761 684
Formation expenses (364) 0 0
Total other income 109,332 4,697 22,410
Net income $ 196,716 $ 69,161 $ 87,508
Earnings per certificate – basic and diluted:      
Net income per certificate - basic (in usd per share) $ 2.62 $ 0.92 $ 1.17
Net income per certificate - diluted (in usd per share) $ 2.62 $ 0.92 $ 1.17
Weighted average number of certificates outstanding – basic (shares) 75,000,000 75,000,000 75,000,000
Weighted average number of certificates outstanding – diluted (shares) 75,000,000 75,000,000 75,000,000