The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Nov 9, 2020. Its latest SEC filing is a D from Nov 19, 2020.
10-Q for Q3 FY2020, filed Nov 9, 2020
The sections below describe the company as of the FY2019 annual report.
Provides loans and equity financing to self-storage developers and rents units to tenants at its own self-storage properties.
10-K for FY2019, filed Feb 27, 2020We are a commercial real estate company that invests primarily in new or recently-constructed and opened self-storage facilities located…View ↗
Our principal business objective is to deliver attractive risk-adjusted returns by investing in new Generation V self-storage facilities…View ↗
The operations of the self-storage real estate owned are managed by a third-party self-storage management company. All rental leases are…View ↗
Developers pay interest on loans over time, with origination fees earned over the investment term; tenants generate rental income under generally month-to-month leases. The company also receives a share of financed facilities’ operating, sale or refinancing cash flows.
10-K for FY2019, filed Feb 27, 2020Our principal business objective is to deliver attractive risk-adjusted returns by investing in new Generation V self-storage facilities…View ↗
Interest income is recognized as earned on a simple interest basis and is reported in interest income from investments in the Consolidated…View ↗
The Company’s loan origination fees are accreted into interest income over the term of the investment using the effective yield method.View ↗
The operations of the self-storage real estate owned are managed by a third-party self-storage management company. All rental leases are…View ↗
$45.1M
10-K for FY2019, filed Feb 27, 2020
$45.1M ↗
Self-storage developers receive financing directly from the company; tenants rent units at company-owned properties managed by third-party operators.
10-K for FY2019, filed Feb 27, 2020Our principal business objective is to deliver attractive risk-adjusted returns by investing in new Generation V self-storage facilities…View ↗
We seek to directly originate and structure our target investments utilizing the contacts and self-storage knowledge and experience of our…View ↗
Wholly-Owned Property Investments: In connection with our development property investments and bridge investments, we have typically…View ↗
The operations of the self-storage real estate owned are managed by a third-party self-storage management company. All rental leases are…View ↗
Yes. It kept 98 cents of every revenue dollar as net income in FY2019.
10-K for FY2019, filed Feb 27, 2020
10-Q for Q3 FY2020, filed Nov 9, 2020
−$5.6MView ↗
8-K, filed Nov 6, 2020
Memphis, Tennessee — November 6, 2020 — Jernigan Capital, Inc. (NYSE: JCAP) announced today the completion of its previously announced…View ↗
Grew. Revenue grew 25.9x in 4 years, from $1.7M in FY2015 to $45.1M in FY2019, about 126% a year.
Lending to property ownership
The earlier report centered on providing developers with capital through development loans and described property purchases as a future option. The latest report also includes wholly owned facilities as an investment type and says it intends to acquire facilities it has financed.
10-K for FY2016, filed Mar 8, 2017 10-K for FY2019, filed Feb 27, 2020
Competes with Public Storage, Extra-Space Storage, CubeSmart, Life Storage, and National Storage Affiliates
10-K for FY2019, filed Feb 27, 2020Our financial results depend, in part, on our ability to make investments and acquire facilities that produce returns at favorable spreads…View ↗
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