2024 Q4 Form 10-Q Financial Statement

#000149524024000028 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $22.57M
YoY Change -4.09%
Cost Of Revenue $3.423M
YoY Change 20.11%
Gross Profit $19.15M
YoY Change -7.41%
Gross Profit Margin 84.83%
Selling, General & Admin $1.474M
YoY Change -26.67%
% of Gross Profit 7.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.805M
YoY Change -4.75%
% of Gross Profit 45.98%
Operating Expenses $15.70M
YoY Change 11.06%
Operating Profit $3.449M
YoY Change -47.3%
Interest Expense -$5.374M
YoY Change -191.77%
% of Operating Profit -155.81%
Other Income/Expense, Net -$6.866M
YoY Change 9.73%
Pretax Income $6.000K
YoY Change -99.81%
Income Tax
% Of Pretax Income
Net Earnings $6.000K
YoY Change -99.81%
Net Earnings / Revenue 0.03%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$0.16
COMMON SHARES
Basic Shares Outstanding 36.18M shares 35.84M shares
Diluted Shares Outstanding 35.84M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.21M
YoY Change -47.36%
Cash & Equivalents $13.21M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.21M
YoY Change -47.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.215B
YoY Change -6.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.600M
YoY Change -1.75%
Other Assets $0.00
YoY Change
Total Long-Term Assets $1.305B
YoY Change -5.52%
TOTAL ASSETS
Total Short-Term Assets $13.21M
Total Long-Term Assets $1.305B
Total Assets $1.318B
YoY Change -6.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.79M
YoY Change 93.72%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.60M
YoY Change 62.38%
LONG-TERM LIABILITIES
Long-Term Debt $590.5M
YoY Change -8.25%
Other Long-Term Liabilities $14.63M
YoY Change -17.34%
Total Long-Term Liabilities $605.1M
YoY Change -8.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.60M
Total Long-Term Liabilities $605.1M
Total Liabilities $626.7M
YoY Change -7.1%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $849.4M
YoY Change -0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $691.2M
YoY Change
Total Liabilities & Shareholders Equity $1.318B
YoY Change -6.27%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $6.000K
YoY Change -99.81%
Depreciation, Depletion And Amortization $8.805M
YoY Change -4.75%
Cash From Operating Activities -$1.367M
YoY Change -1808.75%
INVESTING ACTIVITIES
Capital Expenditures $1.639M
YoY Change -61.79%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.639M
YoY Change -60.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.54M
YoY Change 76.33%
NET CHANGE
Cash From Operating Activities -1.367M
Cash From Investing Activities -1.639M
Cash From Financing Activities -33.54M
Net Change In Cash -36.54M
YoY Change 57.99%
FREE CASH FLOW
Cash From Operating Activities -$1.367M
Capital Expenditures $1.639M
Free Cash Flow -$3.006M
YoY Change -28.6%

Facts In Submission

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CY2023Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
-505000 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
46000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5787000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2964000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4992000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5557000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35838442 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35838442 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35822123 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35822123 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35838442 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35838442 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35838442 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35838442 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35698458 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35698458 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35698458 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35698458 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
6000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3141000 usd
us-gaap Profit Loss
ProfitLoss
12750000 usd
us-gaap Profit Loss
ProfitLoss
12746000 usd
CY2024Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-2565000 usd
CY2023Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1557000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1591000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1264000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2559000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4698000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11159000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
14010000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2559000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4698000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11159000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14010000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
708469000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
6000 usd
CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6024000 usd
CY2024Q3 land Stockholders Equity Decrease From Distributions
StockholdersEquityDecreaseFromDistributions
5021000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2566000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
691204000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
719613000 usd
us-gaap Profit Loss
ProfitLoss
12750000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
18247000 usd
land Stockholders Equity Decrease From Distributions
StockholdersEquityDecreaseFromDistributions
15031000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1591000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
691204000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
734934000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1002000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3141000 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6105000 usd
CY2023Q3 land Stockholders Equity Decrease From Distributions
StockholdersEquityDecreaseFromDistributions
4965000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1557000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
731486000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
731362000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15080000 usd
us-gaap Profit Loss
ProfitLoss
12746000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
18257000 usd
land Stockholders Equity Decrease From Distributions
StockholdersEquityDecreaseFromDistributions
14801000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1264000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
731486000 usd
us-gaap Profit Loss
ProfitLoss
12750000 usd
us-gaap Profit Loss
ProfitLoss
12746000 usd
land Depreciation Depletion And Amortization Excluding Operating Lease Right Of Use Asset Amortization Expense And Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingOperatingLeaseRightOfUseAssetAmortizationExpenseAndDebtIssuanceCosts
26407000 usd
land Depreciation Depletion And Amortization Excluding Operating Lease Right Of Use Asset Amortization Expense And Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingOperatingLeaseRightOfUseAssetAmortizationExpenseAndDebtIssuanceCosts
27407000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2106000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
687000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
766000 usd
land Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
-134000 usd
land Amortization Of Deferred Rent Asset And Liability Net
AmortizationOfDeferredRentAssetAndLiabilityNet
0 usd
land Operating Lease Right Of Use Asset Operating Lease Liabilities Amortization Expense
OperatingLeaseRightOfUseAssetOperatingLeaseLiabilitiesAmortizationExpense
-69000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-84000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
70000 usd
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
6641000 usd
land Gain Loss On Business Interruption Insurance Recovery
GainLossOnBusinessInterruptionInsuranceRecovery
-284000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9473000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5224000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17966000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22657000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3958000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
9978000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
63997000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
9037000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
145000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
60039000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1086000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
43767000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
42657000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
23000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
393000 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
20909000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
58000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
700000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
6631000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
1192000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18246000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
19188000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15031000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14801000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-83363000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57632000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36061000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25080000 usd
land Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed
1886000 usd
land Tenant Funded Improvements Included Within Real Estate At Cost
TenantFundedImprovementsIncludedWithinRealEstateAtCost
0 usd
land Tenant Funded Improvements Included Within Real Estate At Cost
TenantFundedImprovementsIncludedWithinRealEstateAtCost
25000 usd
land Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses
CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
95000 usd
land Financing Fees Included In Accounts Payable And Accrued Liabilities
FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities
7000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
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 GAAP requires management to make estimates and assumptions that affect our reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and our 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, the results of which form the basis for making certain judgments. Actual results may materially differ from these estimates.</span></div>
land Number Of Real Estate Farms
NumberOfRealEstateFarms
168 farm
land Number Of Real Estate Farms
NumberOfRealEstateFarms
168 farm
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
111836 acre
CY2024Q3 land Farmable Area Of Land
FarmableAreaOfLand
92397 acre
CY2024Q3 land Area Of Water
AreaOfWater
53787 acre
CY2024Q3 land Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net
SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet
1273579000 usd
CY2024Q3 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
533260000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2600000 usd
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
791130000 usd
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
792277000 usd
CY2024Q3 land Irrigation Equipment System
IrrigationEquipmentSystem
352455000 usd
CY2023Q4 land Irrigation Equipment System
IrrigationEquipmentSystem
359131000 usd
CY2024Q3 land Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture
RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture
170841000 usd
CY2023Q4 land Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture
RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture
168545000 usd
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
50154000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
50517000 usd
CY2024Q3 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
13480000 usd
CY2023Q4 land Real Estate Other Site Improvements
RealEstateOtherSiteImprovements
13272000 usd
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1378060000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1383742000 usd
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
163134000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
142212000 usd
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1214926000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1241530000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
8500000 usd
us-gaap Depreciation
Depreciation
25600000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
9000000.0 usd
us-gaap Depreciation
Depreciation
26700000 usd
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
1944000 usd
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1016000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
1944000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
624000 usd
CY2024Q3 land Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
13470000 usd
CY2024Q3 land Finite Lived Intangible Assets Accumulated Amortization And Accretion
FiniteLivedIntangibleAssetsAccumulatedAmortizationAndAccretion
-1211000 usd
CY2023Q4 land Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
-574000 usd
CY2023Q4 land Finite Lived Intangible Assets Accumulated Amortization And Accretion
FiniteLivedIntangibleAssetsAccumulatedAmortizationAndAccretion
377000 usd
CY2024Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
203000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
392000 usd
CY2023Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
42000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
131000 usd
CY2024Q3 land Asset Acquisition Pro Forma Information Earnings Loss Of Acquiree Since Acquisition Date Actual
AssetAcquisitionProFormaInformationEarningsLossOfAcquireeSinceAcquisitionDateActual
28000 usd
land Asset Acquisition Pro Forma Information Earnings Loss Of Acquiree Since Acquisition Date Actual
AssetAcquisitionProFormaInformationEarningsLossOfAcquireeSinceAcquisitionDateActual
-143000 usd
CY2023Q3 land Asset Acquisition Pro Forma Information Earnings Loss Of Acquiree Since Acquisition Date Actual
AssetAcquisitionProFormaInformationEarningsLossOfAcquireeSinceAcquisitionDateActual
-24000 usd
land Asset Acquisition Pro Forma Information Earnings Loss Of Acquiree Since Acquisition Date Actual
AssetAcquisitionProFormaInformationEarningsLossOfAcquireeSinceAcquisitionDateActual
-84000 usd
CY2024Q3 us-gaap Other Operating Income
OtherOperatingIncome
0 usd
us-gaap Other Operating Income
OtherOperatingIncome
453000 usd
us-gaap Other Operating Income
OtherOperatingIncome
0 usd
CY2023Q3 us-gaap Other Operating Income
OtherOperatingIncome
0 usd
CY2024Q3 land Area Of Water
AreaOfWater
53787 acre
CY2023Q4 land Area Of Water
AreaOfWater
46400 acre
CY2024Q3 land Water Assets Fair Value Disclosure
WaterAssetsFairValueDisclosure
36800000 usd
CY2023Q4 land Water Assets Fair Value Disclosure
WaterAssetsFairValueDisclosure
34600000 usd
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
1400000 usd
CY2024Q3 land Development In Process Deferred
DevelopmentInProcessDeferred
3300000 usd
CY2024Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2100000 usd
CY2024Q3 land Number Of Impaired Properties
NumberOfImpairedProperties
4 property
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
530678000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
574111000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1600000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5775000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7366000 usd
CY2024Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-2565000 usd
CY2023Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1557000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1591000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1264000 usd
CY2024Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-2565000 usd
CY2023Q3 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1557000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1591000 usd
us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
1264000 usd
land Number Of Executive Officers Serving As Directors And Executive Officers Of Adviser And Administrator
NumberOfExecutiveOfficersServingAsDirectorsAndExecutiveOfficersOfAdviserAndAdministrator
2 executive_officer
CY2024Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
18913000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
21102000 usd
CY2024Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3658000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2432000 usd
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22571000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
23534000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
65946000 usd
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
3500000 usd
us-gaap Payments For Rent
PaymentsForRent
4600000 usd
CY2024Q3 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
142000 usd
land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
453000 usd
CY2024Q3 land Late Fee Expenses For Rent
LateFeeExpensesForRent
4000 usd
land Late Fee Expenses For Rent
LateFeeExpensesForRent
11000 usd
CY2023Q3 land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
47000 usd
land Operating Lease Lease Reimbursements
OperatingLeaseLeaseReimbursements
140000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35838442 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35838442 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35698458 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35698458 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2024Q3 us-gaap Land
Land
5000000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001495240-24-000028-index-headers.html Edgar Link pending
0001495240-24-000028-index.html Edgar Link pending
0001495240-24-000028.txt Edgar Link pending
0001495240-24-000028-xbrl.zip Edgar Link pending
ex311_93024.htm Edgar Link pending
ex312_93024.htm Edgar Link pending
ex321_93024.htm Edgar Link pending
ex322_93024.htm Edgar Link pending
ex991_93024seriese.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
land-20240930.htm Edgar Link pending
land-20240930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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land-20240930_cal.xml Edgar Link unprocessable
land-20240930_def.xml Edgar Link unprocessable
land-20240930_lab.xml Edgar Link unprocessable
land-20240930_pre.xml Edgar Link unprocessable
land-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable