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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Lease income $ 24,995 $ 25,313 $ 75,802 $ 76,239
Expenses:        
Operating expenses 2,954 2,919 9,257 9,516
Depreciation and amortization 4,572 4,805 14,011 14,452
Provision for impairment of investment properties 2,081 0 2,081 0
General and administrative expenses 1,143 952 3,692 3,545
Total expenses 10,750 8,676 29,041 27,513
Other income:        
Gain on sales of investment properties, net 1,866 2,687 4,316 3,515
Other income 332 369 1,017 1,438
Total other income 2,198 3,056 5,333 4,953
Net income $ 16,443 $ 19,693 $ 52,094 $ 53,679
Earnings per certificate – basic and diluted:        
Net income per certificate - basic (in usd per share) $ 0.22 $ 0.26 $ 0.69 $ 0.72
Net income per certificate - diluted (in usd per share) $ 0.22 $ 0.26 $ 0.69 $ 0.72
Weighted average number of certificates outstanding – basic (shares) 75 75 75 75
Weighted average number of certificates outstanding – diluted (shares) 75 75 75 75