2021 Q1 Form 10-Q Financial Statement

#000149524021000012 Filed on May 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $16.03M $15.28M
YoY Change 4.93% 95.15%
Cost Of Revenue $1.780M $1.560M
YoY Change 14.1% -8.77%
Gross Profit $14.25M $13.73M
YoY Change 3.79% 124.35%
Gross Profit Margin 88.87% 89.86%
Selling, General & Admin $2.070M $2.270M
YoY Change -8.81% 160.92%
% of Gross Profit 14.53% 16.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.051M $4.257M
YoY Change 42.14% 63.92%
% of Gross Profit 42.46% 31.01%
Operating Expenses $9.907M $8.083M
YoY Change 22.57% 75.53%
Operating Profit $4.343M $5.647M
YoY Change -23.09% 272.74%
Interest Expense $6.193M $4.963M
YoY Change 24.78% 43.73%
% of Operating Profit 142.6% 87.89%
Other Income/Expense, Net -$5.573M -$4.096M
YoY Change 36.06% 31.41%
Pretax Income $550.0K $3.100M
YoY Change -82.26% 2718.18%
Income Tax
% Of Pretax Income
Net Earnings $553.0K $3.059M
YoY Change -81.92% 2813.33%
Net Earnings / Revenue 3.45% 20.02%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.08 $143.9K
COMMON SHARES
Basic Shares Outstanding 26.87M shares 21.35M shares
Diluted Shares Outstanding 26.87M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.90M $30.20M
YoY Change 141.39% 30.74%
Cash & Equivalents $72.89M $30.23M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $72.90M $30.20M
YoY Change 141.39% 30.74%
LONG-TERM ASSETS
Property, Plant & Equipment $1.047B $799.6M
YoY Change 30.95% 47.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.100M $600.0K
YoY Change 83.33%
Other Assets
YoY Change
Total Long-Term Assets $1.062B $810.9M
YoY Change 30.91% 46.68%
TOTAL ASSETS
Total Short-Term Assets $72.90M $30.20M
Total Long-Term Assets $1.062B $810.9M
Total Assets $1.134B $841.1M
YoY Change 34.88% 46.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.600M $8.700M
YoY Change -1.15% 29.85%
Accrued Expenses $600.0K $100.0K
YoY Change 500.0% -50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.30M $11.70M
YoY Change 5.13% 53.95%
LONG-TERM LIABILITIES
Long-Term Debt $687.4M $505.9M
YoY Change 35.88% 39.71%
Other Long-Term Liabilities $17.10M $15.30M
YoY Change 11.76% 33.04%
Total Long-Term Liabilities $704.5M $521.2M
YoY Change 35.17% 39.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.30M $11.70M
Total Long-Term Liabilities $704.5M $521.2M
Total Liabilities $716.8M $533.1M
YoY Change 34.47% 39.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $477.0M $348.0M
YoY Change 37.06% 55.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $415.8M $305.7M
YoY Change
Total Liabilities & Shareholders Equity $1.134B $841.1M
YoY Change 34.88% 46.04%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $553.0K $3.059M
YoY Change -81.92% 2813.33%
Depreciation, Depletion And Amortization $6.051M $4.257M
YoY Change 42.14% 63.92%
Cash From Operating Activities $6.656M $3.496M
YoY Change 90.39% 43.75%
INVESTING ACTIVITIES
Capital Expenditures -$4.610M -$10.12M
YoY Change -54.45% 88.45%
Acquisitions
YoY Change
Other Investing Activities -$800.0K -$50.00K
YoY Change 1500.0% -85.71%
Cash From Investing Activities -$5.406M -$10.17M
YoY Change -46.83% 77.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $62.43M $23.22M
YoY Change 168.89% 99.06%
NET CHANGE
Cash From Operating Activities $6.656M $3.496M
Cash From Investing Activities -$5.406M -$10.17M
Cash From Financing Activities $62.43M $23.22M
Net Change In Cash $63.68M $16.54M
YoY Change 284.89% 97.47%
FREE CASH FLOW
Cash From Operating Activities $6.656M $3.496M
Capital Expenditures -$4.610M -$10.12M
Free Cash Flow $11.27M $13.62M
YoY Change -17.26% 74.52%

Facts In Submission

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263000 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2676000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2125000 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
9000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
39000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3642000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2850000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
62426000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23216000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
63676000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16544000 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
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72894000 USD
CY2021Q1 land Number Of Real Estate Farms
NumberOfRealEstateFarms
140 farm
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30232000 USD
CY2021Q1 land Noncash Or Part Noncash Divestitures Noncontrolling Interest In Operating Partnerships
NoncashOrPartNoncashDivestituresNoncontrollingInterestInOperatingPartnerships
3970000 USD
CY2020Q1 land Noncash Or Part Noncash Divestitures Noncontrolling Interest In Operating Partnerships
NoncashOrPartNoncashDivestituresNoncontrollingInterestInOperatingPartnerships
0 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
683000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
168000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
644000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
127000 USD
CY2021Q1 land Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed
692000 USD
CY2020Q1 land Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed
2699000 USD
CY2021Q1 land Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
0 USD
CY2020Q1 land Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
28000 USD
CY2021Q1 land Financing Fees Included In Accounts Payable And Accrued Liabilities
FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities
165000 USD
CY2020Q1 land Financing Fees Included In Accounts Payable And Accrued Liabilities
FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities
77000 USD
CY2021Q1 land Noncash Or Part Noncash Acquisition Lender Holdback On Loan Issuance
NoncashOrPartNoncashAcquisitionLenderHoldbackOnLoanIssuance
0 USD
CY2020Q1 land Noncash Or Part Noncash Acquisition Lender Holdback On Loan Issuance
NoncashOrPartNoncashAcquisitionLenderHoldbackOnLoanIssuance
498000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest
-133000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest
-1647000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
21000 USD
CY2020Q1 us-gaap Stock Issued1
StockIssued1
0 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><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 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>
CY2021Q1 land Number Of Real Estate Farms
NumberOfRealEstateFarms
140 farm
CY2021Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
101312 acre
CY2021Q1 land Farmable Area Of Land
FarmableAreaOfLand
83652 acre
CY2021Q1 land Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net
SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet
1048165000 USD
CY2021Q1 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
632619000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3600000 USD
CY2021Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
714676000 USD
CY2020Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
713333000 USD
CY2021Q1 land Irrigation Equipment System
IrrigationEquipmentSystem
202443000 USD
CY2020Q4 land Irrigation Equipment System
IrrigationEquipmentSystem
202420000 USD
CY2021Q1 land Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture
RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture
140855000 USD
CY2020Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture
RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture
141408000 USD
CY2021Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
32812000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
28146000 USD
CY2021Q1 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
10285000 USD
CY2020Q4 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
10132000 USD
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1101071000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1095439000 USD
CY2021Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
54700000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
49236000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1046371000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1046203000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
5700000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
3400000 USD
CY2020Q4 us-gaap Tenant Improvements
TenantImprovements
2000000.0 USD
CY2021Q1 us-gaap Tenant Improvements
TenantImprovements
2000000.0 USD
CY2021Q1 land Tenant Improvements Depreciationand Rental Revenue
TenantImprovementsDepreciationandRentalRevenue
98000 USD
CY2020Q1 land Tenant Improvements Depreciationand Rental Revenue
TenantImprovementsDepreciationandRentalRevenue
75000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
383000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
826000 USD
CY2021Q1 land Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
-44000 USD
CY2020Q1 land Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
31000 USD
CY2021Q1 us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
36000 USD
CY2020Q1 us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
25000 USD
CY2020Q4 land Numberof Impaired Properties
NumberofImpairedProperties
0 property
CY2021Q1 land Numberof Impaired Properties
NumberofImpairedProperties
0 property
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
629012000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
624061000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-133000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1500000 USD
CY2021Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1367000 USD
CY2020Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1257000 USD
CY2021Q1 land Numberof Executive Officers That Serve As Directors
NumberofExecutiveOfficersThatServeAsDirectors
2 officer
CY2021Q1 land Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne
1
CY2021Q1 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
CY2021Q1 land Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser
MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser
0.0875
CY2021Q1 land Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two
AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo
0.20
CY2021Q1 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
CY2021Q1 land Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser
MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser
0.0875
CY2021Q1 land Percentageof Incentive Feeson Capital Gains
PercentageofIncentiveFeesonCapitalGains
0.15
CY2021Q1 land Notice Period For Termination Of Agreement Without Cause
NoticePeriodForTerminationOfAgreementWithoutCause
P120D
CY2021Q1 us-gaap Management Fee Expense
ManagementFeeExpense
1369000 USD
CY2020Q1 us-gaap Management Fee Expense
ManagementFeeExpense
1034000 USD
CY2021Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
1162000 USD
CY2020Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
1334000 USD
CY2021Q1 land Related Party Transaction Net Incentive Fees Paid And Credits Received
RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived
2531000 USD
CY2020Q1 land Related Party Transaction Net Incentive Fees Paid And Credits Received
RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived
2368000 USD
CY2021Q1 land Administration Fee
AdministrationFee
357000 USD
CY2020Q1 land Administration Fee
AdministrationFee
384000 USD
CY2021Q1 land Selling Commissionsand Dealer Manager Fees
SellingCommissionsandDealerManagerFees
1144000 USD
CY2020Q1 land Selling Commissionsand Dealer Manager Fees
SellingCommissionsandDealerManagerFees
2484000 USD
CY2021Q1 land Financing Fee
FinancingFee
17000 USD
CY2020Q1 land Financing Fee
FinancingFee
0 USD
CY2021Q1 land Management Feesand Financing Fees
ManagementFeesandFinancingFees
1161000 USD
CY2020Q1 land Management Feesand Financing Fees
ManagementFeesandFinancingFees
2484000 USD
CY2021Q1 land Management Fee Due To Advisor
ManagementFeeDueToAdvisor
1369000 USD
CY2020Q4 land Management Fee Due To Advisor
ManagementFeeDueToAdvisor
1130000 USD
CY2021Q1 land Incentive Feedueto Advisor
IncentiveFeeduetoAdvisor
1162000 USD
CY2020Q4 land Incentive Feedueto Advisor
IncentiveFeeduetoAdvisor
883000 USD
CY2021Q1 land Other Due To Advisor
OtherDueToAdvisor
9000 USD
CY2020Q4 land Other Due To Advisor
OtherDueToAdvisor
18000 USD
CY2021Q1 land Due To From Adviser
DueToFromAdviser
2540000 USD
CY2020Q4 land Due To From Adviser
DueToFromAdviser
2031000 USD
CY2021Q1 land Administrative Fee Due To Administrator
AdministrativeFeeDueToAdministrator
357000 USD
CY2020Q4 land Administrative Fee Due To Administrator
AdministrativeFeeDueToAdministrator
363000 USD
CY2021Q1 land Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator
CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator
154000 USD
CY2020Q4 land Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator
CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator
75000 USD
CY2021Q1 land Fee Due To Administrator
FeeDueToAdministrator
511000 USD
CY2020Q4 land Fee Due To Administrator
FeeDueToAdministrator
438000 USD
CY2021Q1 land Due To Related Parties Miscellaneous Costs
DueToRelatedPartiesMiscellaneousCosts
95000 USD
CY2020Q4 land Due To Related Parties Miscellaneous Costs
DueToRelatedPartiesMiscellaneousCosts
15000 USD
CY2021Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3146000 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2484000 USD
CY2021Q1 land Number Of Leases
NumberOfLeases
3 lease
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
33000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
70000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
70000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
70000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
40000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
40000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
600000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
923000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
279000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
644000 USD
CY2021Q1 land Finance Lease Cost
FinanceLeaseCost
14000 USD
CY2020Q1 land Finance Lease Cost
FinanceLeaseCost
12000 USD
CY2021Q1 us-gaap Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
3600000 shares
CY2021Q1 land Partners Capital Account Units Issued
PartnersCapitalAccountUnitsIssued
204778 USD
CY2021Q1 land Partners Capital Account Weighted Average Issuance Price
PartnersCapitalAccountWeightedAverageIssuancePrice
19.42
CY2021Q1 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
3977000 USD
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15979000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12262000 USD
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
55000 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3018000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16034000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15280000 USD
CY2021Q1 us-gaap Payments For Rent
PaymentsForRent
26000 USD
CY2020Q1 us-gaap Payments For Rent
PaymentsForRent
30000 USD
CY2021Q1 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
29000 USD
CY2020Q1 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
178000 USD
CY2020Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
3000000.0 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2211000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
934000 USD
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
26874630 shares
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21262080 shares
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2021Q1 land Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest
WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest
47782 shares
CY2020Q1 land Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest
WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest
288303 shares

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