| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Land | $163.5M+27.3% | $128.5M+21.1% | $106.1M+17.8% | $90.0M |
| Building and improvements | $603.4M+17.8% | $512.2M+15.5% | $443.5M+17.1% | $378.6M |
| Tenant improvements | $8.6M+15.3% | $7.5M+7.5% | $7.0M+9.4% | $6.4M |
| Total real estate properties, at cost | $775.5M+19.6% | $648.2M+16.5% | $556.5M+17.2% | $475.0M |
| Less: Accumulated depreciation | -$74.8M-28.5% | -$58.2M-32.8% | -$43.8M-40.1% | -$31.3M |
| Total real estate properties, net | $700.8M+18.8% | $590.0M+15.1% | $512.7M+15.5% | $443.7M |
| Investment in financing leases, net | $15.9M-0.6% | $16.0M-0.6% | $16.0M-0.5% | $16.1M |
| Total real estate investments, net | $716.6M+18.3% | $606.0M+14.6% | $528.8M+15.0% | $459.9M |
| Cash | $1.5M-19.2% | $1.8M-19.5% | $2.2M+49.5% | $1.5M |
| Escrow and reserves | $643K-13.6% | $744K+17.7% | $632K+15.5% | $547K |
| Rent and other receivables | $5.2M-21.4% | $6.7M+40.2% | $4.8M+3.0% | $4.6M |
| Prepaid expenses and other assets, net | $11.8M-18.7% | $14.5M+8.6% | $13.4M-16.3% | $16.0M |
| Goodwill | $1.5M+0.0% | $1.5M+0.0% | $1.5M+0.0% | $1.5M |
| Deferred rent receivable | $5.4M+103.6% | $2.6M+71.1% | $1.5M+29.1% | $1.2M |
| Lease intangible assets, net | $16.4M+26.8% | $12.9M-8.6% | $14.2M-9.8% | $15.7M |
| Total Assets | $759.1M+17.4% | $646.8M+14.0% | $567.3M+13.2% | $501.3M |
| Term loans, net | $288.3M+15.9% | $248.8M+25.1% | $198.8M+21.4% | $163.8M |
| Revolving credit facility | $39.0M+178.6% | $14.0M+55.6% | $9.0M | $0 |
| Secured borrowings, net | $33.8M-0.3% | $33.9M+3.3% | $32.8M-0.3% | $32.9M |
| Accounts payable, accrued expenses and other, net | $18.6M+13.1% | $16.4M+37.1% | $12.0M+31.7% | $9.1M |
| Below market leases, net | $19.8M+22.2% | $16.2M+23.4% | $13.1M+10.8% | $11.8M |
| Total Liabilities | $399.5M+21.3% | $329.3M+23.9% | $265.7M+22.1% | $217.6M |
| Additional paid-in capital | $358.0M+15.5% | $310.0M+7.9% | $287.3M+13.1% | $254.1M |
| Accumulated other comprehensive income | $954K-81.8% | $5.2M+13.2% | $4.6M-38.3% | $7.5M |
| Accumulated deficit | -$74.0M-15.3% | -$64.2M-32.3% | -$48.5M-49.1% | -$32.6M |
| Total Stockholders’ Equity | $285.2M+13.5% | $251.3M+3.2% | $243.6M+6.3% | $229.2M |
| Operating partnership unitholders’ non-controlling interests | $74.4M+12.3% | $66.2M+14.0% | $58.1M+6.6% | $54.5M |
| Total Equity | $359.6M+13.2% | $317.5M+5.3% | $301.6M+6.3% | $283.7M |
| Total Liabilities and Equity | $759.1M+17.4% | $646.8M+14.0% | $567.3M+13.2% | $501.3M |
| Class A common stock | ||||
| Common stock, value issued | $0 | $0 | $0 | $0 |
| Class B common stock | ||||
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.