$BRST
Broad Street Realty, Inc.

2021 Form 10-K Financial Statement

#000095017022005732 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $25.35M $5.118M $19.66M
YoY Change 28.94% -29.33% 171.46%
Cost Of Revenue $7.518M $1.837M $5.599M
YoY Change 34.27% -31.91% 107.52%
Gross Profit $17.83M $3.281M $14.06M
YoY Change 26.82% -27.79% 209.42%
Gross Profit Margin 70.34% 64.11% 71.52%
Selling, General & Admin $11.39M $2.665M $9.231M
YoY Change 23.43% -55.63% 53.7%
% of Gross Profit 63.9% 81.23% 65.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.34M $2.592M $10.44M
YoY Change 27.78% 1343.37% 5637.36%
% of Gross Profit 74.83% 79.0% 74.27%
Operating Expenses $31.41M $5.126M $24.77M
YoY Change 26.82% -16.68% 179.88%
Operating Profit -$6.064M -$1.845M -$5.110M
YoY Change 18.67% 14.74% 217.79%
Interest Expense $9.961M -$1.696M $6.676M
YoY Change 49.21% -47.73% 112.07%
% of Operating Profit
Other Income/Expense, Net -$8.213M -$1.000K -$7.447M
YoY Change 10.29% -98.91% 78.76%
Pretax Income -$14.28M -$3.542M -$12.56M
YoY Change 13.7% -38.66% 117.47%
Income Tax -$3.533M -$839.0K -$3.033M
% Of Pretax Income
Net Earnings -$9.508M -$2.326M -$8.145M
YoY Change 16.73% 23.07% 330.95%
Net Earnings / Revenue -37.51% -45.45% -41.43%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$353.1K -$103.5K -$369.7K
COMMON SHARES
Basic Shares Outstanding 26.93M 22.47M 22.03M
Diluted Shares Outstanding 26.93M 22.03M

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.786M $4.105M $4.105M
YoY Change -32.13% -54.73% -54.73%
Cash & Equivalents $2.786M $4.105M $4.105M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.812M $2.224M $2.224M
Other Receivables $0.00 $59.00K $0.00
Total Short-Term Assets $4.598M $6.329M $6.329M
YoY Change -27.35% -42.58% -42.58%
LONG-TERM ASSETS
Property, Plant & Equipment $235.1M $107.0K $174.5M
YoY Change 34.73% 5.94% 0.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.946M $5.878M $5.878M
YoY Change 69.21% -25.31%
Total Long-Term Assets $247.1M $185.1M $185.1M
YoY Change 33.48% 2.1% 2.1%
TOTAL ASSETS
Total Short-Term Assets $4.598M $6.329M $6.329M
Total Long-Term Assets $247.1M $185.1M $185.1M
Total Assets $251.7M $191.4M $191.4M
YoY Change 31.47% -0.46% -0.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.38M $10.50M $10.49M
YoY Change 8.56% 20.8% 20.64%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.01M $660.0K $11.15M
YoY Change 7.75% -94.99% 14.39%
LONG-TERM LIABILITIES
Long-Term Debt $179.0M $122.1M $122.1M
YoY Change 46.63% 8.52% 8.52%
Other Long-Term Liabilities $3.589M $2.883M $2.883M
YoY Change 24.49% 407.57% -28.05%
Total Long-Term Liabilities $182.6M $124.9M $124.9M
YoY Change 46.12% 10.53% 7.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.01M $660.0K $11.15M
Total Long-Term Liabilities $182.6M $124.9M $124.9M
Total Liabilities $200.9M $147.9M $146.6M
YoY Change 37.01% 5.02% 4.04%
SHAREHOLDERS EQUITY
Retained Earnings -$10.04M
YoY Change 430.95%
Common Stock $225.0K
YoY Change 4.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.80M $44.81M $44.81M
YoY Change
Total Liabilities & Shareholders Equity $251.7M $191.4M $191.4M
YoY Change 31.47% -0.46% -0.46%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$9.508M -$2.326M -$8.145M
YoY Change 16.73% 23.07% 330.95%
Depreciation, Depletion And Amortization $13.34M $2.592M $10.44M
YoY Change 27.78% 1343.37% 5637.36%
Cash From Operating Activities -$5.586M $1.357M -$2.418M
YoY Change 131.02% -125.84% -54.6%
INVESTING ACTIVITIES
Capital Expenditures -$20.04M -$1.966M -$6.367M
YoY Change 214.73% -97.17% -90.82%
Acquisitions
YoY Change
Other Investing Activities -$196.0K $0.00 $120.0K
YoY Change -263.33% -100.0% -112.68%
Cash From Investing Activities -$20.24M -$1.966M -$6.247M
YoY Change 223.92% -97.2% -91.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.86M 4.354M 7.053M
YoY Change 280.86% -95.0% -91.9%
NET CHANGE
Cash From Operating Activities -5.586M 1.357M -2.418M
Cash From Investing Activities -20.24M -1.966M -6.247M
Cash From Financing Activities 26.86M 4.354M 7.053M
Net Change In Cash 1.041M 3.745M -1.612M
YoY Change -164.58% -67.62% -114.07%
FREE CASH FLOW
Cash From Operating Activities -$5.586M $1.357M -$2.418M
Capital Expenditures -$20.04M -$1.966M -$6.367M
Free Cash Flow $14.45M $3.323M $3.949M
YoY Change 265.99% -94.82% -93.83%

Facts In Submission

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CY2021 brst Payments For Proceeds From Acquisitions Of Real Estate Net Of Cash And Restricted Cash Received
PaymentsForProceedsFromAcquisitionsOfRealEstateNetOfCashAndRestrictedCashReceived
16945000
CY2020 brst Payments For Proceeds From Acquisitions Of Real Estate Net Of Cash And Restricted Cash Received
PaymentsForProceedsFromAcquisitionsOfRealEstateNetOfCashAndRestrictedCashReceived
2044000
CY2021 brst Payments To Capitalized Pre Acquisition Costs Net Of Refunds
PaymentsToCapitalizedPreAcquisitionCostsNetOfRefunds
196000
CY2020 brst Payments To Capitalized Pre Acquisition Costs Net Of Refunds
PaymentsToCapitalizedPreAcquisitionCostsNetOfRefunds
-120000
CY2021 brst Payments For Proceeds From Capital Expenditures For Real Estate
PaymentsForProceedsFromCapitalExpendituresForRealEstate
3094000
CY2020 brst Payments For Proceeds From Capital Expenditures For Real Estate
PaymentsForProceedsFromCapitalExpendituresForRealEstate
4323000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20235000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6247000
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
41461000
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
10539000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
14221000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
3308000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000
CY2021 brst Taxes Remitted Upon Vesting Of Restricted Stock
TaxesRemittedUponVestingOfRestrictedStock
33000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1123000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
103000
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1301000
CY2020 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1149000
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
523000
CY2020 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1223000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26862000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7053000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1041000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1612000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9983000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11595000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11024000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9983000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2786000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4105000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
8238000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
5878000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11024000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9983000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
8473000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
5995000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-159000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
323000
CY2021 brst Accrued Acquisition Costs
AccruedAcquisitionCosts
870000
CY2021 brst Accrued Offering Costs
AccruedOfferingCosts
457000
CY2020 brst Accrued Offering Costs
AccruedOfferingCosts
457000
CY2021 brst Accrued Pre Acquisition Costs
AccruedPreAcquisitionCosts
4000
CY2020 brst Accrued Pre Acquisition Costs
AccruedPreAcquisitionCosts
119000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
229000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10000
CY2021 brst Non Cash Or Part Non Cash Forgiveness Of Paycheck Protection Program Loan
NonCashOrPartNonCashForgivenessOfPaycheckProtectionProgramLoan
1530000
CY2021 brst Non Cash Or Part Non Cash Acquisition Real Estate Acquired And Other Net Assets
NonCashOrPartNonCashAcquisitionRealEstateAcquiredAndOtherNetAssets
-46406000
CY2020 brst Non Cash Or Part Non Cash Acquisition Real Estate Acquired And Other Net Assets
NonCashOrPartNonCashAcquisitionRealEstateAcquiredAndOtherNetAssets
-4101000
CY2021 brst Noncash Or Part Non Cash Acquisition Common Shares Issued In Mergers
NoncashOrPartNonCashAcquisitionCommonSharesIssuedInMergers
14892000
CY2020 brst Noncash Or Part Non Cash Acquisition Common Shares Issued In Mergers
NoncashOrPartNonCashAcquisitionCommonSharesIssuedInMergers
1583000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
31514000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
2518000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
257900000
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
257917000
CY2019Q2 brst Number Of Entities That Own Properties Acquired
NumberOfEntitiesThatOwnPropertiesAcquired
17
CY2021 brst Number Of Mortgage Loan
NumberOfMortgageLoan
2
CY2021 brst Number Of Mortgage And Mezzanine Properties
NumberOfMortgageAndMezzanineProperties
2
CY2021Q4 brst Principal Amount Outstanding Of Loans Held In Portfolio To Be Matured Within Twelve Months
PrincipalAmountOutstandingOfLoansHeldInPortfolioToBeMaturedWithinTwelveMonths
17300000
CY2021 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
the Basis Term Loan and the Basis Preferred Interest (each as defined below), totaling approximately $75.4 million, mature on January 1, 2023, subject to two one-year extension options that are subject to certain conditions, including a Material Adverse Change clause.
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5100000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000
CY2021 brst Below Market Leases Remaining Amortization Period1
BelowMarketLeasesRemainingAmortizationPeriod1
P2Y6M
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.0589583333333332;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The preparation of the consolidated financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the amounts of revenue and expense reported in the period. Significant estimates are made for the valuation of real estate and any related intangibles and fair value assessments with respect to purchase price allocations. Actual results may differ from those estimates.</span></p>
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
400000
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
600000
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1708000
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1662000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
852000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1287000
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1398000
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
885000
CY2021Q4 brst Pre Acquisition Costs
PreAcquisitionCosts
280000
CY2020Q4 brst Pre Acquisition Costs
PreAcquisitionCosts
519000
CY2021Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
75000
CY2020Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
82000
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
82000
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
59000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
107000
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
208000
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
206000
CY2020Q4 brst Receivable From Lease Incentive
ReceivableFromLeaseIncentive
12000
CY2021Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
3000
CY2020Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
1000
CY2021Q4 us-gaap Other Assets
OtherAssets
4599000
CY2020Q4 us-gaap Other Assets
OtherAssets
4738000
CY2021Q4 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
180097000
CY2020Q4 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
122977000
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
1115000
CY2020Q4 us-gaap Deferred Costs
DeferredCosts
917000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
178982000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
122060000
CY2021 brst Preferred Investor Approval Rights Minimum Amount Of Capital Expenditure To Be Incurred
PreferredInvestorApprovalRightsMinimumAmountOfCapitalExpenditureToBeIncurred
250000
CY2021Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2100000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1100000
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1400000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
900000
CY2021Q4 brst Debt Instrument Unamortized Discount Gross
DebtInstrumentUnamortizedDiscountGross
2100000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1000000.0
CY2020Q4 brst Debt Instrument Unamortized Discount Gross
DebtInstrumentUnamortizedDiscountGross
1400000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
900000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
24851000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
110444000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
13597000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
11095000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
644000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
20444000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
181075000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2093000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
178982000
CY2021 brst Income Expenses Related To Fair Value Adjustments On Derivatives
IncomeExpensesRelatedToFairValueAdjustmentsOnDerivatives
400000
CY2020 brst Income Expenses Related To Fair Value Adjustments On Derivatives
IncomeExpensesRelatedToFairValueAdjustmentsOnDerivatives
600000
CY2021 brst Annual Percentage Of Changes In Rent
AnnualPercentageOfChangesInRent
0.040
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
500000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
500000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
411000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
70000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1011000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
81000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
930000
CY2021 brst Convertible Preferred Stock Share Issued Upon Conversion
ConvertiblePreferredStockShareIssuedUponConversion
0.20
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70000
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
200000
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P4Y3M18D
CY2021 brst Rental Income
RentalIncome
21408000
CY2020 brst Rental Income
RentalIncome
15864000
CY2020 us-gaap Sublease Income
SubleaseIncome
26000
CY2021 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
21408000
CY2020 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
15890000
CY2021 us-gaap Revenues
Revenues
25349000
CY2020 us-gaap Revenues
Revenues
19659000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
20191000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
18743000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
15348000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
12561000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
9555000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
21557000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
97955000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-9508000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-8145000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26929000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22029000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26929000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22029000
CY2021 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.35
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
CY2021 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2021 brst Weighted Average Number Of Antidilutive Convertible Preferred Stock Restricted Stock Rsus And Operating Partnership Units Outstanding
WeightedAverageNumberOfAntidilutiveConvertiblePreferredStockRestrictedStockRsusAndOperatingPartnershipUnitsOutstanding
3100000
CY2020 brst Weighted Average Number Of Antidilutive Convertible Preferred Stock And Operating Partnership Units Outstanding
WeightedAverageNumberOfAntidilutiveConvertiblePreferredStockAndOperatingPartnershipUnitsOutstanding
2800000
CY2021 us-gaap Profit Loss
ProfitLoss
-10744000
CY2020 us-gaap Profit Loss
ProfitLoss
-9524000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1236000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1379000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2471000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2164000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1062000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-869000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3533000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3033000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3533000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3033000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-0.018
CY2020 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-0.023
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.001
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2021 brst Effective Income Tax Rate And Federal Statutory Income Tax Rate Difference
EffectiveIncomeTaxRateAndFederalStatutoryIncomeTaxRateDifference
0.038
CY2020 brst Effective Income Tax Rate And Federal Statutory Income Tax Rate Difference
EffectiveIncomeTaxRateAndFederalStatutoryIncomeTaxRateDifference
0.032
CY2021Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
12349000
CY2020Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
12826000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3255000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
973000
CY2021Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
130000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
8964000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11853000
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1200000
CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1600000
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
100000
CY2020Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
500000
CY2021Q4 brst Number Of Properties To Be Acquired
NumberOfPropertiesToBeAcquired
2
CY2020Q4 brst Number Of Properties To Be Acquired
NumberOfPropertiesToBeAcquired
6
CY2021Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
174759000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
49341000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
196169000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
7615000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
49341000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
203784000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
253125000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
21620000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
181725000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
170094000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
68087000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
7265000
CY2021 brst Real Estate Capitalized Costs
RealEstateCapitalizedCosts
3313000
CY2020 brst Real Estate Capitalized Costs
RealEstateCapitalizedCosts
4302000
CY2020 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
64000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
253125000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
181725000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
9625000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
116000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
11995000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
9509000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
21620000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
9625000
CY2021Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
154700000

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