The Company’s total revenues decreased approximately $657,000, or about 9%, for the three months ended June 30, 2019 compared to the same period in the prior year. Total revenues for the Rental Pool decreased about $225,000, or about 12%.
Total costs and expenses decreased approximately $322,000, or about 4%, for the Company, and appoximately $71,000, or about 11%, for the Rental Pool Operation.
The Company experienced a net loss for the quarter in the amount of approximately $1,163,000, compared to the net loss of the prior comparable quarter of approximately $839,000. Amounts available for distribution for the Rental Pool Operation decreased approximately $78,000 from the comparable period last year.