Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Rental income $ 2,038,684 $ 1,902,101
Other property related income 67,827 59,784
Total revenues 2,106,511 1,961,885
Expenses    
Property operations 913,349 849,693
General and administrative 555,928 465,423
Depreciation and amortization 351,644 348,873
Business development 8,250  
Total expenses 1,829,171 1,663,989
Operating income 277,340 297,896
Other income (expense)    
Dividend and interest income 17,200 23,346
Unrealized gain (loss) on marketable equity securities 154,449 (41,907)
Interest expense (261,166) (220,209)
Total other income (expense), net (89,517) (238,770)
Net income $ 187,823 $ 59,126
Earnings per share    
Basic $ 0.02 $ 0.01
Diluted $ 0.02 $ 0.01
Weighted average shares outstanding    
Basic 7,630,722 7,619,469
Diluted 7,637,733 7,619,489