Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Lease income $ 100,384 $ 101,582 $ 108,395
Expenses:      
Operating expenses 12,275 12,610 13,691
Depreciation and amortization 18,482 19,245 20,692
Provision for impairment of investment properties 2,081 0 0
General and administrative expenses 4,910 5,263 8,914
Total expenses 37,748 37,118 43,297
Other income:      
Gain on sales of investment properties, net 9,605 2,936 21,726
Other income 1,537 1,761 684
Total other income 11,142 4,697 22,410
Net income $ 73,778 $ 69,161 $ 87,508
Earnings per certificate – basic and diluted:      
Net income per certificate - basic (in usd per share) $ 0.98 $ 0.92 $ 1.17
Net income per certificate - diluted (in usd per share) $ 0.98 $ 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