2024 Q4 Form 10-Q Financial Statement

#000187392324000095 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $39.18M
YoY Change -20.17%
Cost Of Revenue $16.64M
YoY Change 7.3%
Gross Profit $22.33M
YoY Change -33.07%
Gross Profit Margin 57.0%
Selling, General & Admin $4.468M
YoY Change 2.24%
% of Gross Profit 20.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.91M
YoY Change -26.28%
% of Gross Profit 89.16%
Operating Expenses $24.17M
YoY Change -42.91%
Operating Profit -$1.840M
YoY Change -79.49%
Interest Expense -$8.170M
YoY Change 12.07%
% of Operating Profit
Other Income/Expense, Net -$8.180M
YoY Change 16.31%
Pretax Income -$10.13M
YoY Change -38.03%
Income Tax $76.00K
% Of Pretax Income
Net Earnings -$10.22M
YoY Change -38.15%
Net Earnings / Revenue -26.08%
Basic Earnings Per Share -$0.18
Diluted Earnings Per Share -$0.18
COMMON SHARES
Basic Shares Outstanding 55.95M shares 55.95M shares
Diluted Shares Outstanding 55.95M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.56M
YoY Change -48.72%
Cash & Equivalents $16.56M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $24.14M
Other Receivables $0.00
Total Short-Term Assets $40.71M
YoY Change -31.24%
LONG-TERM ASSETS
Property, Plant & Equipment $1.167B
YoY Change -2.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.07M
YoY Change -14.58%
Other Assets $47.72M
YoY Change -42.08%
Total Long-Term Assets $1.328B
YoY Change -8.1%
TOTAL ASSETS
Total Short-Term Assets $40.71M
Total Long-Term Assets $1.328B
Total Assets $1.369B
YoY Change -9.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.65M
YoY Change 39.18%
Accrued Expenses $13.59M
YoY Change -21.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.83M
YoY Change 4.51%
LONG-TERM LIABILITIES
Long-Term Debt $483.4M
YoY Change -8.4%
Other Long-Term Liabilities $45.34M
YoY Change 44.85%
Total Long-Term Liabilities $528.7M
YoY Change -5.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.83M
Total Long-Term Liabilities $528.7M
Total Liabilities $566.5M
YoY Change -4.8%
SHAREHOLDERS EQUITY
Retained Earnings -$345.9M
YoY Change 45.95%
Common Stock $56.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $800.9M
YoY Change
Total Liabilities & Shareholders Equity $1.369B
YoY Change -9.01%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$10.22M
YoY Change -38.15%
Depreciation, Depletion And Amortization $19.91M
YoY Change -26.28%
Cash From Operating Activities $13.75M
YoY Change -46.49%
INVESTING ACTIVITIES
Capital Expenditures $40.22M
YoY Change 570.32%
Acquisitions
YoY Change
Other Investing Activities $2.099M
YoY Change -85.32%
Cash From Investing Activities -$38.12M
YoY Change -559.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.01M
YoY Change -258.96%
NET CHANGE
Cash From Operating Activities 13.75M
Cash From Investing Activities -38.12M
Cash From Financing Activities 17.01M
Net Change In Cash -7.359M
YoY Change -131.58%
FREE CASH FLOW
Cash From Operating Activities $13.75M
Capital Expenditures $40.22M
Free Cash Flow -$26.47M
YoY Change -234.35%

Facts In Submission

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CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-16519000 usd
us-gaap Net Income Loss
NetIncomeLoss
-70250000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55948000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56543000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55887000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55887000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-10207000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16507000 usd
us-gaap Profit Loss
ProfitLoss
-70234000 usd
us-gaap Profit Loss
ProfitLoss
-41096000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-88000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
37000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
162000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
386000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2077000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
5708000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-88000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2040000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
162000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5322000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-10295000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-18547000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-70072000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-46418000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
38000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10305000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18559000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-70088000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-46456000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
887003000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-26226000 usd
CY2024Q1 us-gaap Dividends
Dividends
5673000 usd
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
162000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
790000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
219000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-33801000 usd
CY2024Q2 us-gaap Dividends
Dividends
5625000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
935000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
817491000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-10207000 usd
CY2024Q3 us-gaap Dividends
Dividends
5593000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
725000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-88000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
802328000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
975858000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-8874000 usd
CY2023Q1 us-gaap Dividends
Dividends
5721000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
74000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
526000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1768000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
959947000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-15715000 usd
CY2023Q2 us-gaap Dividends
Dividends
5683000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
689000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1514000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
937724000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16507000 usd
CY2023Q3 us-gaap Dividends
Dividends
5578000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5018000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
687000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2040000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
909268000 usd
us-gaap Profit Loss
ProfitLoss
-70234000 usd
us-gaap Profit Loss
ProfitLoss
-41096000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83031000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83056000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-783000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
6562000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
25365000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26976000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
18000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1078000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-504000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2758000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3041000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2450000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1902000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-497000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-326000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
698000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
2545000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3269000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4004000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
41761000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69588000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
34734000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 usd
onl Payments For Capital Improvements And Leasing Costs
PaymentsForCapitalImprovementsAndLeasingCosts
12649000 usd
onl Payments For Capital Improvements And Leasing Costs
PaymentsForCapitalImprovementsAndLeasingCosts
12746000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2070000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13767000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
987000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1374000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1200000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1350000 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
2340000 usd
onl Proceeds From Deposits On Real Estate Acquisitions
ProceedsFromDepositsOnRealEstateAcquisitions
1350000 usd
onl Proceeds From Deposits On Real Estate Acquisitions
ProceedsFromDepositsOnRealEstateAcquisitions
2340000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
175000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
175000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1363000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5654000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5018000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
162000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
74000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
41000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
16759000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
17000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-116000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-68000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4400000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27855000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5594000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44885000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57198000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55311000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51604000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100196000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22473000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20638000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57198000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16564000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32286000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
35040000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
67910000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51604000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100196000 usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
70 office_property
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
8100000 sqft
CY2024Q3 onl Number Of States With Real Estate Properties Owned
NumberOfStatesWithRealEstatePropertiesOwned
29 state
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><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 conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding real estate impairments and purchase price allocations.</span></div>
CY2024Q3 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
100000 usd
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
2900000 usd
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
0 usd
CY2023Q3 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
0 usd
CY2024Q3 onl Income From Termination Of Lease
IncomeFromTerminationOfLease
200000 usd
onl Income From Termination Of Lease
IncomeFromTerminationOfLease
1900000 usd
CY2023Q3 onl Income From Termination Of Lease
IncomeFromTerminationOfLease
1000000 usd
onl Income From Termination Of Lease
IncomeFromTerminationOfLease
4100000 usd
CY2023Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
200000 usd
CY2024Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
200000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
600000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
600000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
35000000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
34700000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 usd
onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
1 landparcel
onl Finance Lease Right Of Use Asset Reclassified To Real Estate Investments
FinanceLeaseRightOfUseAssetReclassifiedToRealEstateInvestments
3500000 usd
onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
0 acquistion
CY2023Q3 onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
0 acquistion
CY2024Q3 onl Number Of Property Held For Sale
NumberOfPropertyHeldForSale
0 property
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
101501000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
126364000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
23176000 usd
CY2024Q3 onl Below Market Lease Weighted Average Useful Life
BelowMarketLeaseWeightedAverageUsefulLife
P14Y9M18D
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8074000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
732000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2147000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1928000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1766000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1682000 usd
CY2024Q3 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
1500000 usd
CY2023Q4 onl Deferred Rent Receivable And Accounts Receivable After Allowance For Credit Losses
DeferredRentReceivableAndAccountsReceivableAfterAllowanceForCreditLosses
24663000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
7693000 usd
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3240000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1318000 usd
CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
2500000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
3700000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1935000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1247000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
82567000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
88828000 usd
CY2024Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
CY2023Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5600000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10400000 usd
CY2024Q3 onl Below Market Lease Right Of Use Asset
BelowMarketLeaseRightOfUseAsset
6500000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9000000.0 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10900000 usd
CY2023Q4 onl Below Market Lease Right Of Use Asset
BelowMarketLeaseRightOfUseAsset
6600000 usd
CY2024Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
600000 usd
CY2023Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
600000 usd
CY2024Q3 onl Number Of Long Term Seller Financed Promissory Notes
NumberOfLongTermSellerFinancedPromissoryNotes
1 note
CY2023Q4 onl Number Of Long Term Seller Financed Promissory Notes
NumberOfLongTermSellerFinancedPromissoryNotes
1 note
CY2023Q4 onl Number Of Short Term Seller Financed Promissory Notes
NumberOfShortTermSellerFinancedPromissoryNotes
1 note
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
264000 usd
onl Number Of Impaired Properties
NumberOfImpairedProperties
8 property
onl Number Of Impaired Properties
NumberOfImpairedProperties
6 property
CY2024Q3 onl Carrying Value Of Impaired Properties
CarryingValueOfImpairedProperties
62710000 usd
CY2023Q3 onl Carrying Value Of Impaired Properties
CarryingValueOfImpairedProperties
54803000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
25365000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26976000 usd
CY2024Q3 onl Impaired Real Estate Properties Fair Value
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37345000 usd
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