2019 Q4 Form 10-K Financial Statement

#000149524021000008 Filed on February 24, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019
Revenue $13.49M $40.69M
YoY Change 67.97% 10.92%
Cost Of Revenue $1.410M $6.050M
YoY Change 0.71% 23.98%
Gross Profit $12.08M $34.65M
YoY Change 82.2% 8.93%
Gross Profit Margin 89.55% 85.15%
Selling, General & Admin $1.720M $4.090M
YoY Change 191.53% 12.05%
% of Gross Profit 14.24% 11.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.840M $12.79M
YoY Change 49.42% 36.43%
% of Gross Profit 31.79% 36.91%
Operating Expenses $5.560M $21.39M
YoY Change 78.21% -12.98%
Operating Profit $6.520M $13.26M
YoY Change 85.75% 83.33%
Interest Expense -$5.390M $16.33M
YoY Change 39.64% 34.63%
% of Operating Profit -82.67% 123.12%
Other Income/Expense, Net $0.00 -$17.54M
YoY Change -100.0% 87.72%
Pretax Income $960.0K $1.760M
YoY Change -188.89% -36.46%
Income Tax
% Of Pretax Income
Net Earnings $950.0K $1.741M
YoY Change -193.6% -33.78%
Net Earnings / Revenue 7.04% 4.28%
Basic Earnings Per Share
Diluted Earnings Per Share $45.35K $88.78K
COMMON SHARES
Basic Shares Outstanding 20.94M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.70M $13.70M
YoY Change -6.8% -6.8%
Cash & Equivalents $13.69M $13.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.70M $13.70M
YoY Change -6.8% -6.8%
LONG-TERM ASSETS
Property, Plant & Equipment $792.3M $792.3M
YoY Change 46.99% 46.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $803.1M $803.1M
YoY Change 45.9% 45.91%
TOTAL ASSETS
Total Short-Term Assets $13.70M $13.70M
Total Long-Term Assets $803.1M $803.1M
Total Assets $816.8M $816.8M
YoY Change 44.53% 44.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.10M $10.10M
YoY Change 9.78% 9.78%
Accrued Expenses $200.0K $200.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.50M $12.50M
YoY Change 23.76% 23.76%
LONG-TERM LIABILITIES
Long-Term Debt $510.3M $510.3M
YoY Change 40.19% 40.19%
Other Long-Term Liabilities $15.10M $15.10M
YoY Change 51.0% 51.0%
Total Long-Term Liabilities $525.4M $525.4M
YoY Change 40.48% 40.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.50M $12.50M
Total Long-Term Liabilities $525.4M $525.4M
Total Liabilities $537.8M $540.2M
YoY Change 40.03% 38.9%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $315.8M
YoY Change 56.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $276.6M $276.6M
YoY Change
Total Liabilities & Shareholders Equity $816.8M $816.8M
YoY Change 44.53% 44.54%

Cashflow Statement

Concept 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $950.0K $1.741M
YoY Change -193.6% -33.78%
Depreciation, Depletion And Amortization $3.840M $12.79M
YoY Change 49.42% 36.43%
Cash From Operating Activities $7.470M $21.37M
YoY Change 215.19% 105.32%
INVESTING ACTIVITIES
Capital Expenditures -$52.65M -$262.3M
YoY Change 15.92% 178.92%
Acquisitions
YoY Change
Other Investing Activities -$50.00K -$350.0K
YoY Change -125.0% -252.17%
Cash From Investing Activities -$52.70M -$262.7M
YoY Change 16.54% 179.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.93M $240.2M
YoY Change 0.51% 152.37%
NET CHANGE
Cash From Operating Activities 7.470M $21.37M
Cash From Investing Activities -52.70M -$262.7M
Cash From Financing Activities 54.93M $240.2M
Net Change In Cash 9.700M -$1.042M
YoY Change -17.8% -108.84%
FREE CASH FLOW
Cash From Operating Activities $7.470M $21.37M
Capital Expenditures -$52.65M -$262.3M
Free Cash Flow $60.12M $283.7M
YoY Change 25.8% 171.59%

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22300000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
45600000 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1172000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1181000 USD
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8982000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3646000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12033000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10460000 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
68000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
129000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
243429000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
240238000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4470000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1042000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13688000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14730000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9218000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13688000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
22501000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
15974000 USD
CY2020 land Noncash Or Part Noncash Divestitures Noncontrolling Interest In Operating Partnerships
NoncashOrPartNoncashDivestituresNoncontrollingInterestInOperatingPartnerships
0 USD
CY2019 land Noncash Or Part Noncash Divestitures Noncontrolling Interest In Operating Partnerships
NoncashOrPartNoncashDivestituresNoncontrollingInterestInOperatingPartnerships
3290000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
178000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
172000 USD
CY2020 land Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed
1575000 USD
CY2019 land Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed
1979000 USD
CY2020 land Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties
LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties
0 USD
CY2019 land Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties
LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties
122000 USD
CY2020 land Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
74000 USD
CY2019 land Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
0 USD
CY2020 land Financing Fees Included In Accounts Payable And Accrued Liabilities
FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities
135000 USD
CY2019 land Financing Fees Included In Accounts Payable And Accrued Liabilities
FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities
63000 USD
CY2019 land Noncash Or Part Noncash Acquisition Lender Holdback On Loan Issuance
NoncashOrPartNoncashAcquisitionLenderHoldbackOnLoanIssuance
498000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest
-1500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest
-390000 USD
CY2020 us-gaap Stock Issued1
StockIssued1
6000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:15pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. generally-accepted accounting principles (“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 financial statements and the reported amounts of revenues and expenses during the reporting periods. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, including the impact of extraordinary events, such as the novel coronavirus (“COVID-19”) pandemic, the results of which form the basis for making certain judgments. Actual results may materially differ from these estimates.</span></div>
CY2020Q4 land Numberof Impaired Properties
NumberofImpairedProperties
0 property
CY2019Q4 land Numberof Impaired Properties
NumberofImpairedProperties
0 property
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020 land Payments Of Stock Issuance Costs Aborted Offering
PaymentsOfStockIssuanceCostsAbortedOffering
113000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
756000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
630000 USD
CY2020Q4 land Prepaid Equipment Costs
PrepaidEquipmentCosts
1400000 USD
CY2019Q4 land Prepaid Equipment Costs
PrepaidEquipmentCosts
1600000 USD
CY2020Q4 land Numberof Industrial Generators
NumberofIndustrialGenerators
5 generator
CY2020Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
1200000 USD
CY2019Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
587000 USD
CY2020Q4 land Variable Interest Entity Numberof Investments
VariableInterestEntityNumberofInvestments
1 investment
CY2019Q4 land Variable Interest Entity Numberof Investments
VariableInterestEntityNumberofInvestments
1 investment
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2020 land Property Acquisition Commission Rebate
PropertyAcquisitionCommissionRebate
200000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
170000 USD
CY2019Q4 land Numberof Farms Terminated
NumberofFarmsTerminated
1 farm
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 segment
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020 land Number Of Real Estate Farms
NumberOfRealEstateFarms
137 farm
CY2020 land Number Of Real Estate Farms
NumberOfRealEstateFarms
137 farm
CY2020Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
101079 acre
CY2020Q4 land Farmable Area Of Land
FarmableAreaOfLand
83482 acre
CY2020Q4 land Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net
SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet
1048654000 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
627690000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3600000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
713333000 USD
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
583247000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Permanent Plantings
RealEstateAndAccumulatedDepreciationCarryingAmountOfPermanentPlantings
202420000 USD
CY2019Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Permanent Plantings
RealEstateAndAccumulatedDepreciationCarryingAmountOfPermanentPlantings
107941000 USD
CY2020Q4 land Irrigation Equipment System
IrrigationEquipmentSystem
141408000 USD
CY2019Q4 land Irrigation Equipment System
IrrigationEquipmentSystem
108222000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
28146000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
20665000 USD
CY2020Q4 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
10132000 USD
CY2019Q4 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
7180000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1095439000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
827255000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
49236000 USD
CY2019 us-gaap Depreciation
Depreciation
11200000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
35174000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1046203000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
792081000 USD
CY2020 us-gaap Depreciation
Depreciation
14900000 USD
CY2020Q4 us-gaap Tenant Improvements
TenantImprovements
2000000.0 USD
CY2019Q4 us-gaap Tenant Improvements
TenantImprovements
2200000 USD
CY2020 land Tenant Improvements Depreciationand Rental Revenue
TenantImprovementsDepreciationandRentalRevenue
304000 USD
CY2019 land Tenant Improvements Depreciationand Rental Revenue
TenantImprovementsDepreciationandRentalRevenue
292000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000 USD
CY2020 land Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
203000 USD
CY2019 land Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
128000 USD
CY2020 us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
113000 USD
CY2019 us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
172000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
664000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue Current
EstimatedNetIncreaseDecreaseInRentalRevenueCurrent
-26000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
623000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue In Two Years
EstimatedNetIncreaseDecreaseInRentalRevenueInTwoYears
43000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
589000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue In Three Years
EstimatedNetIncreaseDecreaseInRentalRevenueInThreeYears
35000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
523000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue In Four Years
EstimatedNetIncreaseDecreaseInRentalRevenueInFourYears
25000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
438000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue In Five Years
EstimatedNetIncreaseDecreaseInRentalRevenueInFiveYears
25000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
895000 USD
CY2020 land Estimated Net Increase Decrease In Rental Revenue Thereafter
EstimatedNetIncreaseDecreaseInRentalRevenueThereafter
316000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3732000 USD
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y10M24D
CY2020 land Estimated Net Increase Decrease In Rental Revenue
EstimatedNetIncreaseDecreaseInRentalRevenue
418000 USD
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P2Y1M6D
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
59079000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
54697000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53332000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
47880000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
44144000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
149930000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
409062000 USD
CY2020 land Numberof Tenants Lease Properties
NumberofTenantsLeaseProperties
81 tenant
CY2020 land Debt Instrument Loans To Value Ratios Percentage
DebtInstrumentLoansToValueRatiosPercentage
0.60
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
624061000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
481929000 USD
CY2020Q4 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1110000 USD
CY2019 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-390000 USD
CY2020 land Numberof Executive Officers That Serve As Directors
NumberofExecutiveOfficersThatServeAsDirectors
2 officer
CY2020 land Incentive Fee Per Advisory Agreement
IncentiveFeePerAdvisoryAgreement
0.0175
CY2020 land Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
0.070
CY2020 land Incentive Fee Per Advisory Agreement
IncentiveFeePerAdvisoryAgreement
0.0175
CY2020 land Annualized Incentive Fee Per Advisory Agreement
AnnualizedIncentiveFeePerAdvisoryAgreement
0.070
CY2020 land Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
1
CY2020 land Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Hundred Percent Of Amount Of Pre Incentive Fee Maximum Percentage
PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserHundredPercentOfAmountOfPreIncentiveFeeMaximumPercentage
0.021875
CY2020 land Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser
MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser
0.0875
CY2020 land Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo
0.20
CY2020 land Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Hundred Percent Of Amount Of Pre Incentive Fee Maximum Percentage
PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserHundredPercentOfAmountOfPreIncentiveFeeMaximumPercentage
0.021875
CY2020 land Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser
MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser
0.0875
CY2020 land Percentageof Incentive Feeson Capital Gains
PercentageofIncentiveFeesonCapitalGains
0.15
CY2020 land Notice Period For Termination Of Agreement Without Cause
NoticePeriodForTerminationOfAgreementWithoutCause
P120D
CY2020 land Financing Fee
FinancingFee
262000 USD
CY2020 land Financing Fee
FinancingFee
262000 USD
CY2019 land Financing Fee
FinancingFee
235000 USD
CY2020 us-gaap Management Fee Expense
ManagementFeeExpense
4289000 USD
CY2019 us-gaap Management Fee Expense
ManagementFeeExpense
3623000 USD
CY2020 us-gaap Incentive Fee Expense
IncentiveFeeExpense
3038000 USD
CY2019 us-gaap Incentive Fee Expense
IncentiveFeeExpense
847000 USD
CY2020 land Capital Gains Fee
CapitalGainsFee
0 USD
CY2019 land Capital Gains Fee
CapitalGainsFee
0 USD
CY2020 land Credits To Fees From Adviser
CreditsToFeesFromAdviser
0 USD
CY2019 land Credits To Fees From Adviser
CreditsToFeesFromAdviser
1543000 USD
CY2020 land Related Party Transaction Net Incentive Fees Paid And Credits Received
RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived
7327000 USD
CY2019 land Related Party Transaction Net Incentive Fees Paid And Credits Received
RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived
2927000 USD
CY2020 land Administration Fee
AdministrationFee
1448000 USD
CY2019 land Administration Fee
AdministrationFee
1207000 USD
CY2020 land Selling Commissionsand Dealer Manager Fees
SellingCommissionsandDealerManagerFees
4711000 USD
CY2019 land Selling Commissionsand Dealer Manager Fees
SellingCommissionsandDealerManagerFees
7645000 USD
CY2020 land Financing Fee
FinancingFee
262000 USD
CY2020 land Financing Fee
FinancingFee
262000 USD
CY2019 land Financing Fee
FinancingFee
235000 USD
CY2020 land Management Feesand Financing Fees
ManagementFeesandFinancingFees
4973000 USD
CY2019 land Management Feesand Financing Fees
ManagementFeesandFinancingFees
7880000 USD
CY2020Q4 land Management Fee Due To Advisor
ManagementFeeDueToAdvisor
1130000 USD
CY2019Q4 land Management Fee Due To Advisor
ManagementFeeDueToAdvisor
881000 USD
CY2020Q4 land Incentive Feedueto Advisor
IncentiveFeeduetoAdvisor
883000 USD
CY2019Q4 land Incentive Feedueto Advisor
IncentiveFeeduetoAdvisor
847000 USD
CY2020Q4 land Administrative Fee Due To Administrator
AdministrativeFeeDueToAdministrator
363000 USD
CY2019Q4 land Administrative Fee Due To Administrator
AdministrativeFeeDueToAdministrator
341000 USD
CY2020Q4 land Other Due To Advisor
OtherDueToAdvisor
18000 USD
CY2019Q4 land Other Due To Advisor
OtherDueToAdvisor
25000 USD
CY2020Q4 land Due To From Adviser
DueToFromAdviser
2031000 USD
CY2019Q4 land Due To From Adviser
DueToFromAdviser
1753000 USD
CY2020Q4 land Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator
CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator
75000 USD
CY2019Q4 land Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator
CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator
75000 USD
CY2020Q4 land Fee Due To Administrator
FeeDueToAdministrator
438000 USD
CY2019Q4 land Fee Due To Administrator
FeeDueToAdministrator
416000 USD
CY2020Q4 land Due To Related Parties Miscellaneous Costs
DueToRelatedPartiesMiscellaneousCosts
15000 USD
CY2019Q4 land Due To Related Parties Miscellaneous Costs
DueToRelatedPartiesMiscellaneousCosts
0 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2484000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2169000 USD
CY2017Q2 land Number Of Farms Acquired
NumberOfFarmsAcquired
2 farm
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
172000 USD
CY2017Q2 land Number Of Leases
NumberOfLeases
2 lease
CY2017Q2 land Number Of Leases
NumberOfLeases
2 lease
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
136000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
178000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
130000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0420
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0420
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
6000 USD
CY2020 land Finance Lease Cost
FinanceLeaseCost
59000 USD
CY2019 land Finance Lease Cost
FinanceLeaseCost
50000 USD
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
138000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
47000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
47000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
47000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
31000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
31000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
91500000 shares
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
65500000 shares
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
185000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
130000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
172000 USD
CY2020Q1 us-gaap Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
26000000 shares
CY2020 land Partners Capital Account Units Issued
PartnersCapitalAccountUnitsIssued
288303 USD
CY2020 land Partners Capital Account Weighted Average Issuance Price
PartnersCapitalAccountWeightedAverageIssuancePrice
11.41
CY2020Q4 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
3290000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
24051000 USD
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
51377000 USD
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38168000 USD
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5654000 USD
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2524000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
57031000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
40692000 USD
CY2020 us-gaap Payments For Rent
PaymentsForRent
2400000 USD
CY2019 us-gaap Payments For Rent
PaymentsForRent
2300000 USD
CY2020 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
457000 USD
CY2019 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
198000 USD
CY2020 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
3000000.0 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4396000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2499000 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22258121 shares
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19602533 shares
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
16655000 USD
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2020 land Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest
WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest
131745 shares
CY2019 land Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest
WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest
235613 shares
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
627690000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Initial Cost Of Land And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandAndImprovements
706070000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
123712000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Initial Cost Of Horticulture
RealEstateAndAccumulatedDepreciationInitialCostOfHorticulture
198513000 USD
CY2020Q4 land Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land Improvements And Adjustments
SecScheduleIiiRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLandImprovementsAndAdjustments
7263000 USD
CY2020Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
55975000 USD
CY2020Q4 land Sec Schedule Iii Real Estateand Accumulated Depreciation Costs Capitalized Subsequentto Acquisition Horticulture
SECScheduleIIIRealEstateandAccumulatedDepreciationCostsCapitalizedSubsequenttoAcquisitionHorticulture
3907000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Land And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndImprovements
713332000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
179686000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Permanent Plantings
RealEstateAndAccumulatedDepreciationCarryingAmountOfPermanentPlantings
202420000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1095439000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
49236000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
827255000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
563004000 USD
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
257055000 USD
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
252817000 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
11129000 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
11434000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1095439000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
827255000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
35174000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
11230000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2593000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
107000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
49236000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
35174000 USD

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