3 results
10-K
2023 FY
ExchangeRight Essential Income Strategy
11 Apr 24
Annual report
10:17am
Years ended December 31, | ||||||||
2023 | 2022 | |||||||
Net (loss) income attributable to common shareholders | $ | (1,116,000) | $ | 3,561,000 | ||||
Depreciation and amortization | 41,245,000 | 30,571,000 | ||||||
Net (loss) income attributable to noncontrolling interests | (562,000) | 1,361,000 | ||||||
FFO applicable to diluted common shares | 39,567,000 | 35,493,000 | ||||||
Adjustments: | ||||||||
Straight-line rent adjustments | (1,013,000) | (764,000) | ||||||
Above/below market lease amortization, net | (2,415,000) | (2,090,000) | ||||||
Amortization of deferred financing costs | 427,000 | 501,000 | ||||||
Above/below market debt amortization, net | 3,201,000 | 1,030,000 | ||||||
Straight-line ground rent adjustments | 161,000 | 163,000 | ||||||
Amortization of tax incentive financing arrangement | 118,000 | 118,000 | ||||||
Adjusted FFO applicable to diluted common shares | $ | 40,046,000 | $ | 34,451,000 | ||||
FFO per diluted common shares | $ | 1.72 | $ | 1.99 | ||||
Adjusted FFO per diluted common shares | $ | 1.74 | $ | 1.93 | ||||
Weighted average number of diluted common shares (a): | ||||||||
Common shares | 15,288,881 | 12,908,540 | ||||||
OP Units | 7,699,846 | 4,930,274 | ||||||
22,988,727 | 17,838,814 |
10-K
2023 FY
ExchangeRight Essential Income Strategy
11 Apr 24
Annual report
10:17am
2023 (Grant Thornton) | 2023 (Baker Tilly) | 2022 | |||||||||
Audit Fees (1) | $ | 371,000 | $ | 80,000 | $ | 390,000 | |||||
Audit-Related Fees (2) | - | 30,000 | 130,000 | ||||||||
Tax Fees (3) | - | - | 152,000 | ||||||||
All Other Fees (4) | - | 200,000 | - | ||||||||
Total | $ | 371,000 | $ | 310,000 | $ | 672,000 |
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