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, 2018
Mar. 31, 2017
Revenues    
Rental income $ 1,902,101 $ 1,696,998
Other property related income 59,784 52,628
Total revenues 1,961,885 1,749,626
Expenses    
Property operations 849,693 689,484
General and administrative 465,423 410,555
Depreciation and amortization 348,873 449,234
Business development and property acquisition costs   5,832
Total expenses 1,663,989 1,555,105
Operating income 297,896 194,521
Other income (expense)    
Dividend, interest, and other income 23,346 11,422
Unrealized loss on marketable equity securities (41,907)  
Interest expense (220,209) (220,209)
Total other income (expense), net (238,770) (208,787)
Net income (loss) $ 59,126 $ (14,266)
Earnings per share    
Basic $ 0.01 $ 0.00
Diluted $ 0.01 $ 0.00
Weighted average shares outstanding    
Basic 7,619,469 7,619,469
Diluted 7,619,489 7,619,469