CNSREIT-AR-2024 Final - Flipbook - Page 137
The following table provides the total financial results by segment for the year ended December 31, 2024 ($ in thousands):
For the Year Ended December 31, 2024
Real EstateRelated
Real Estate
Securities
Total
Revenues
Rental revenue
Total revenues
$
8,277 $
8,277
4 $
4
8,277
8,277
Property operating (1)
Realized and unrealized gains (losses) from real estate-related securities, net
Other income
Segment net operating income
$
Depreciation and amortization
Other income
General and administrative
Interest expense
Performance participation allocation
Organization expenses
Net loss
Net loss attributable to non-controlling interests
Net loss attributable to common stockholders
(3,138)
4
123
5,262 $
4
269
7
276 $
$
(3,138)
269
130
5,538
(5,204)
449
(472)
(1,593)
(7)
(1,852)
(3,141)
(51)
(3,090)
$
$
___________
(1)
Property operating expenses include real estate taxes, routine repairs and maintenance expenses, property
management fees, insurance expenses and other property-level expenses. Such expenses are not provided
regularly to our chief operating decision makers.
For the year ended December 31, 2023, the Company had no investments and its sole operations consisted of $169
thousand of general and administrative expenses; therefore, no segment information is provided for the comparative period.
Note 13: Economic Dependency
The Company depends on the Advisor and its affiliates for certain services that are essential to it, including the sale of the
Company9s shares of common stock, acquisition and disposition decisions and certain other responsibilities. If the Advisor
or its affiliates are unable or unwilling to provide such services, the Company would be required to find alternative service
providers.
Note 14: Commitments and Contingencies
The Company was not subject to any material litigation nor was the Company aware of any material litigation threatened
against it. There are currently no such matters pending that the Company believes could have a material impact on its
consolidated results of operations, cash flows or financial position.
Note 15: Subsequent Events
The Company evaluated subsequent events through the issuance date of the consolidated financial statements and
determined that, other than the events disclosed below and the additional Class P share commitments disclosed in Note 2,
there were no material subsequent events requiring disclosure.
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