$BRST
Broad Street Realty, Inc.

2024 Q2 Form 10-Q Financial Statement

#000095017024060077 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $10.13M $10.07M
YoY Change -7.67% -9.53%
Cost Of Revenue $3.378M $3.427M
YoY Change -4.55% -1.41%
Gross Profit $6.753M $6.644M
YoY Change -9.16% -13.22%
Gross Profit Margin 66.66% 65.97%
Selling, General & Admin $3.090M $3.622M
YoY Change 3.73% -2.45%
% of Gross Profit 45.76% 54.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.790M $3.819M
YoY Change -28.36% -31.41%
% of Gross Profit 56.12% 57.48%
Operating Expenses $10.59M $10.98M
YoY Change -24.0% -13.95%
Operating Profit -$458.0K -$907.0K
YoY Change -105.29% -44.18%
Interest Expense $4.556M $4.333M
YoY Change -3.78% -9.37%
% of Operating Profit
Other Income/Expense, Net -$4.043M -$897.0K
YoY Change -28.86% -47.79%
Pretax Income -$4.501M -$1.804M
YoY Change -251.19% -46.04%
Income Tax $0.00 $100.0K
% Of Pretax Income
Net Earnings -$4.501M -$1.938M
YoY Change -250.74% 16.75%
Net Earnings / Revenue -44.43% -19.24%
Basic Earnings Per Share -$0.21 -$0.16
Diluted Earnings Per Share -$0.21 -$0.16
COMMON SHARES
Basic Shares Outstanding 34.33M 33.40M
Diluted Shares Outstanding 35.91M 35.88M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.86M $14.63M
YoY Change 30.29% 72.21%
Cash & Equivalents $18.86M $14.63M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.195M $1.825M
Other Receivables $32.00K $20.00K
Total Short-Term Assets $20.05M $16.46M
YoY Change 20.84% 57.9%
LONG-TERM ASSETS
Property, Plant & Equipment $124.0K $64.00K
YoY Change 138.46% 30.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.946M $3.602M
YoY Change -83.04% -44.21%
Total Long-Term Assets $333.0M $335.6M
YoY Change -9.05% -12.54%
TOTAL ASSETS
Total Short-Term Assets $20.05M $16.46M
Total Long-Term Assets $333.0M $335.6M
Total Assets $353.1M $352.1M
YoY Change -7.76% -10.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.083M $2.459M
YoY Change -91.07% -83.16%
Accrued Expenses $8.172M $9.982M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.36M $22.31M
YoY Change
Total Short-Term Liabilities $24.98M $37.62M
YoY Change 105.11% 156.77%
LONG-TERM LIABILITIES
Long-Term Debt $229.6M $212.0M
YoY Change -3.54% -19.3%
Other Long-Term Liabilities $1.443M $1.396M
YoY Change -91.73% -51.66%
Total Long-Term Liabilities $231.0M $213.4M
YoY Change -9.57% -19.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.98M $37.62M
Total Long-Term Liabilities $231.0M $213.4M
Total Liabilities $256.0M $251.0M
YoY Change -5.16% -11.15%
SHAREHOLDERS EQUITY
Retained Earnings -$40.86M -$37.49M
YoY Change 32.57% 10.45%
Common Stock $350.0K $334.0K
YoY Change 5.74% 3.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.237M $15.12M
YoY Change
Total Liabilities & Shareholders Equity $353.1M $352.1M
YoY Change -7.76% -10.68%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$4.501M -$1.938M
YoY Change -250.74% 16.75%
Depreciation, Depletion And Amortization $3.790M $3.819M
YoY Change -28.36% -31.41%
Cash From Operating Activities -$1.639M $1.296M
YoY Change -5.91% -311.76%
INVESTING ACTIVITIES
Capital Expenditures $709.0K $2.806M
YoY Change -64.46% 158.38%
Acquisitions
YoY Change
Other Investing Activities $0.00 $521.0K
YoY Change -100.0%
Cash From Investing Activities -$709.0K -$2.285M
YoY Change -103.48% 110.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.527M 4.473M
YoY Change -168.46% -400.81%
NET CHANGE
Cash From Operating Activities -1.639M 1.296M
Cash From Investing Activities -709.0K -2.285M
Cash From Financing Activities 8.527M 4.473M
Net Change In Cash 6.179M 3.484M
YoY Change 0.02% -209.39%
FREE CASH FLOW
Cash From Operating Activities -$1.639M $1.296M
Capital Expenditures $709.0K $2.806M
Free Cash Flow -$2.348M -$1.510M
YoY Change -37.17% -11.07%

Facts In Submission

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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15802000
CY2024Q1 brst Shares Surrendered For Taxes Upon Vesting Value
SharesSurrenderedForTaxesUponVestingValue
-24000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
360000
CY2024Q1 brst Preferred Equity Return On Preferred Equity Investments
PreferredEquityReturnOnPreferredEquityInvestments
-3022000
CY2024Q1 brst Preferred Equity Accretion
PreferredEquityAccretion
-1379000
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
740000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-1938000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10539000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-1938000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-1660000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1683000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3819000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5568000
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
193000
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
279000
CY2024Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
81000
CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
48000
CY2024Q1 brst Minimum Multiple On Preferred Interests
MinimumMultipleOnPreferredInterests
0
CY2023Q1 brst Minimum Multiple On Preferred Interests
MinimumMultipleOnPreferredInterests
-77000
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7000
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2024Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-110000
CY2023Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
CY2024Q1 us-gaap Straight Line Rent
StraightLineRent
352000
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
446000
CY2024Q1 brst Straight Line Rent Expense
StraightLineRentExpense
66000
CY2023Q1 brst Straight Line Rent Expense
StraightLineRentExpense
-9000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
360000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
214000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
889000
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-179000
CY2024Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
2343000
CY2023Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
3235000
CY2024Q1 brst Bad Debt Expense
BadDebtExpense
142000
CY2023Q1 brst Bad Debt Expense
BadDebtExpense
42000
CY2024Q1 brst Write Off Related Party Receivables
WriteOffRelatedPartyReceivables
4000
CY2023Q1 brst Write Off Related Party Receivables
WriteOffRelatedPartyReceivables
0
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
94000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-262000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-560000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2031000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
276000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1296000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-612000
CY2024Q1 brst Payments To Capitalized Pre Acquisition Costs Net Of Refunds
PaymentsToCapitalizedPreAcquisitionCostsNetOfRefunds
-5000
CY2023Q1 brst Payments To Capitalized Pre Acquisition Costs Net Of Refunds
PaymentsToCapitalizedPreAcquisitionCostsNetOfRefunds
0
CY2024Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
516000
CY2023Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0
CY2024Q1 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
the Basis Term Loan (as defined below) had an outstanding principal balance of $8.5 million and had a maturity date of July 1, 2024.
CY2024Q1 brst Payments For Proceeds From Capital Expenditures For Real Estate
PaymentsForProceedsFromCapitalExpendituresForRealEstate
2806000
CY2023Q1 brst Payments For Proceeds From Capital Expenditures For Real Estate
PaymentsForProceedsFromCapitalExpendituresForRealEstate
1086000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2285000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1086000
CY2024Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
17869000
CY2023Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0
CY2024Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
11706000
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
459000
CY2024Q1 brst Preferred Equity Returns On Preferred Equity Investment
PreferredEquityReturnsOnPreferredEquityInvestment
1153000
CY2023Q1 brst Preferred Equity Returns On Preferred Equity Investment
PreferredEquityReturnsOnPreferredEquityInvestment
1014000
CY2024Q1 brst Capitalized Pre Refinancing Costs
CapitalizedPreRefinancingCosts
125000
CY2023Q1 brst Capitalized Pre Refinancing Costs
CapitalizedPreRefinancingCosts
8000
CY2024Q1 brst Taxes Remitted Upon Vesting Of Restricted Stock
TaxesRemittedUponVestingOfRestrictedStock
24000
CY2023Q1 brst Taxes Remitted Upon Vesting Of Restricted Stock
TaxesRemittedUponVestingOfRestrictedStock
6000
CY2024Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
388000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4473000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1487000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3484000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3185000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13797000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17031000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17281000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13846000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14631000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8496000
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
2650000
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
5350000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17281000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13846000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
3773000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
4135000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 brst Capitalized Preferred Return
CapitalizedPreferredReturn
-1860000
CY2023Q1 brst Capitalized Preferred Return
CapitalizedPreferredReturn
-2404000
CY2024Q1 brst Accrued Current Preferred Return
AccruedCurrentPreferredReturn
-399000
CY2023Q1 brst Accrued Current Preferred Return
AccruedCurrentPreferredReturn
-356000
CY2024Q1 brst Capitalized Interest On Mezzanine Loan
CapitalizedInterestOnMezzanineLoan
-331000
CY2023Q1 brst Capitalized Interest On Mezzanine Loan
CapitalizedInterestOnMezzanineLoan
0
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
148000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
643000
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
374800000
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2024Q1 brst Principal Amount Outstanding Of Loans Held In Portfolio To Be Matured Within Twelve Months
PrincipalAmountOutstandingOfLoansHeldInPortfolioToBeMaturedWithinTwelveMonths
21600000
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
35000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
64000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
144000
CY2024Q1 us-gaap Other Assets
OtherAssets
5964000
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Change in Presentation</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has made certain reclassifications to prior period financial statements in order to enhance the comparability with current period condensed consolidated financial statements. These reclassifications had no effect on net loss or cash flows from operations.</span></p>
CY2023Q1 brst Net Amortization Related To Above Market Leases And Below Market Leases
NetAmortizationRelatedToAboveMarketLeasesAndBelowMarketLeases
100000
CY2024Q1 brst Net Amortization Related To Above Market Leases And Below Market Leases
NetAmortizationRelatedToAboveMarketLeasesAndBelowMarketLeases
100000
CY2024Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
952000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1380000
CY2024Q1 brst Leasing Commission Costs
LeasingCommissionCosts
2256000
CY2023Q4 brst Leasing Commission Costs
LeasingCommissionCosts
2141000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1423000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1494000
CY2024Q1 brst Pre Acquisition Costs
PreAcquisitionCosts
126000
CY2023Q4 brst Pre Acquisition Costs
PreAcquisitionCosts
6000
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
20000
CY2023Q4 us-gaap Other Assets
OtherAssets
6327000
CY2024Q1 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
2459000
CY2023Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
2372000
CY2024Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
2384000
CY2023Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
2340000
CY2024Q1 brst Real Estate Tax Payable Current And Noncurrent
RealEstateTaxPayableCurrentAndNoncurrent
1283000
CY2023Q4 brst Real Estate Tax Payable Current And Noncurrent
RealEstateTaxPayableCurrentAndNoncurrent
1222000
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1250000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1213000
CY2024Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
193000
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
668000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1516000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1521000
CY2024Q1 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
458000
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
340000
CY2024Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
5933000
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
5781000
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
15476000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
15457000
CY2024Q1 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
236433000
CY2023Q4 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
233087000
CY2024Q1 us-gaap Deferred Costs
DeferredCosts
2161000
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
2038000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
234272000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
231049000
CY2024Q1 brst Exit Fees Outstanding
ExitFeesOutstanding
100000
CY2023Q4 brst Exit Fees Outstanding
ExitFeesOutstanding
100000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
22311000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
14115000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
14840000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
122705000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
28878000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
15424000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
21994000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
240267000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
5995000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
234272000
CY2024Q1 brst Income Expenses Related To Fair Value Adjustments On Derivatives
IncomeExpensesRelatedToFairValueAdjustmentsOnDerivatives
400000
CY2023Q1 brst Income Expenses Related To Fair Value Adjustments On Derivatives
IncomeExpensesRelatedToFairValueAdjustmentsOnDerivatives
-600000
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
0
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
12000
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
775369
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.99
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
190665
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.2
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
584704
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.92
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
159439
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.24
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
59607
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
2.25
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
6695
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
2.95
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
93137
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.23
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2024Q1 brst Rental Income
RentalIncome
9511000
CY2023Q1 brst Rental Income
RentalIncome
10208000
CY2024Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
9511000
CY2023Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
10220000
CY2024Q1 us-gaap Revenues
Revenues
10071000
CY2023Q1 us-gaap Revenues
Revenues
11132000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
22679000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
25882000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
17923000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
15857000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
13071000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
10005000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
31119000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
136536000
CY2024Q1 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2024Q1 brst Weighted Average Number Of Antidilutive Convertible Preferred Stock Restricted Stock Rsus And Operating Partnership Units Outstanding
WeightedAverageNumberOfAntidilutiveConvertiblePreferredStockRestrictedStockRsusAndOperatingPartnershipUnitsOutstanding
7100000
CY2023Q1 brst Weighted Average Number Of Antidilutive Convertible Preferred Stock Restricted Stock Rsus And Operating Partnership Units Outstanding
WeightedAverageNumberOfAntidilutiveConvertiblePreferredStockRestrictedStockRsusAndOperatingPartnershipUnitsOutstanding
6800000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-1938000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-1660000
CY2024Q1 brst Preferred Equity Return On Preferred Equity Investment
PreferredEquityReturnOnPreferredEquityInvestment
-3022000
CY2023Q1 brst Preferred Equity Return On Preferred Equity Investment
PreferredEquityReturnOnPreferredEquityInvestment
-3427000
CY2024Q1 brst Preferred Equity Accretion To Redemption Value
PreferredEquityAccretionToRedemptionValue
-1379000
CY2023Q1 brst Preferred Equity Accretion To Redemption Value
PreferredEquityAccretionToRedemptionValue
-415000
CY2024Q1 brst Amount Of Preferred Op Units Return
AmountOfPreferredOpUnitsReturn
-139000
CY2023Q1 brst Amount Of Preferred Op Units Return
AmountOfPreferredOpUnitsReturn
-112000
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-839000
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1014000
CY2024Q1 brst Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-5639000
CY2023Q1 brst Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-4600000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35875000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35374000
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35875000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35374000
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1700000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2024Q1 brst Deferred Tax Assets Recorded Valuation Allowance
DeferredTaxAssetsRecordedValuationAllowance
1700000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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