| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Land | $114.1M-11.9% | $129.5M-31.4% | $188.9M-1.9% | $192.6M |
| Buildings and improvements | $268.5M-21.3% | $341.3M-28.8% | $479.3M-16.9% | $576.7M |
| Acquired intangible assets | $5.4M-71.7% | $19.1M-66.5% | $56.9M-20.8% | $71.8M |
| Total real estate investments, at cost | $388.0M-20.8% | $489.9M-32.4% | $725.1M-13.8% | $841.1M |
| Less accumulated depreciation and amortization | -$80.6M+11.6% | -$91.1M+37.1% | -$145.0M+13.7% | -$168.0M |
| Total real estate investments, net | $307.4M-22.9% | $398.8M-31.3% | $580.2M-13.8% | $673.2M |
| Cash and cash equivalents | $1.3M-86.7% | $9.8M+84.7% | $5.3M-42.6% | $9.2M |
| Restricted cash | $6.8M-26.3% | $9.2M+21.9% | $7.5M+8.9% | $6.9M |
| Contract asset | $108.6M | $0 | — | — |
| Operating lease right-of-use asset | $0-100.0% | $54.5M-0.4% | $54.7M-0.4% | $55.0M |
| Prepaid expenses and other assets | $3.2M-39.4% | $5.2M-14.9% | $6.2M+9.4% | $5.6M |
| Straight-line rent receivable | $15.4M-33.1% | $23.1M-25.0% | $30.8M+5.6% | $29.1M |
| Deferred leasing costs, net | $2.5M-62.0% | $6.6M-28.3% | $9.2M-7.4% | $9.9M |
| Total assets | $445.2M-12.2% | $507.1M-27.0% | $694.2M-12.2% | $790.5M |
| Mortgage notes payable, net | $249.6M-28.2% | $347.4M-12.2% | $395.7M+0.4% | $394.2M |
| Debt associated with property in receivership | $99.0M | $0 | — | — |
| Accrued interest associated with property in receivership | $9.6M | $0 | — | — |
| Accounts payable, accrued expenses and other liabilities (including amounts due to/(from) related parties of $(280) and $317 at December 31, 2025 and 2024, respectively) | $18.7M+22.5% | $15.3M+17.9% | $13.0M+1.5% | $12.8M |
| Note payable to related parties | $650K | $0 | — | — |
| Operating lease liability | $0-100.0% | $54.6M-0.1% | $54.7M-0.1% | $54.7M |
| Below-market lease liabilities, net | $708K-39.0% | $1.2M-43.7% | $2.1M-31.4% | $3.0M |
| Deferred revenue | $2.1M-31.1% | $3.0M-23.7% | $4.0M-5.4% | $4.2M |
| Total liabilities | $380.4M-9.7% | $421.5M-10.2% | $469.4M+0.1% | $468.9M |
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | $0 | $0 |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 2,692,941 and 2,634,355 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $27K+0.0% | $27K+17.4% | $23K+21.1% | $19K |
| Additional paid-in capital | $731.8M+0.0% | $731.4M+0.2% | $729.6M+4.4% | $698.8M |
| Accumulated other comprehensive income | $0 | $0-100.0% | $406K-75.2% | $1.6M |
| Distributions in excess of accumulated earnings | -$667.1M-3.3% | -$645.9M-27.8% | -$505.3M-26.5% | -$399.4M |
| Total stockholders’ equity | $64.8M-24.3% | $85.6M-61.9% | $224.8M-25.3% | $301.1M |
| Total liabilities and equity | $445.2M-12.2% | $507.1M-27.0% | $694.2M-12.2% | $790.5M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.