CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Jun. 30, 2022 |
Dec. 31, 2021 |
Jun. 30, 2021 |
| Real Estate: |
|
|
|
| Land, at Cost |
$ 180,569
|
$ 178,172
|
|
| Building and Improvements, at Cost |
304,129
|
266,236
|
|
| Total Real Estate, at Cost |
484,698
|
444,408
|
|
| Less, Accumulated Depreciation |
(17,527)
|
(15,419)
|
|
| Real Estate-Net |
467,171
|
428,989
|
|
| Assets Held for Sale |
2,435
|
|
|
| Cash and Cash Equivalents |
2,427
|
8,851
|
$ 6,294
|
| Restricted Cash |
15,131
|
646
|
2,190
|
| Intangible Lease Assets-Net |
61,371
|
58,821
|
|
| Straight-Line Rent Adjustment |
1,912
|
1,838
|
|
| Other Assets |
16,909
|
6,369
|
|
| Total Assets |
567,356
|
505,514
|
|
| Liabilities: |
|
|
|
| Accounts Payable, Accrued Expenses, and Other Liabilities |
4,788
|
2,363
|
|
| Prepaid Rent and Deferred Revenue |
1,662
|
2,033
|
|
| Intangible Lease Liabilities-Net |
5,177
|
5,476
|
|
| Long-Term Debt |
300,973
|
267,740
|
|
| Total Liabilities |
312,600
|
277,612
|
|
| Commitments and Contingencies-See Note 16 |
|
|
|
| Equity: |
|
|
|
| Preferred Stock, $0.01 par value per share, 100 million shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021 |
|
|
|
| Common Stock, $0.01 par value per share, 500 million shares authorized, 11,863,589 shares issued and outstanding as of June 30, 2022 and 11,454,815 shares issued and outstanding as of December 31, 2021 |
119
|
114
|
|
| Additional Paid-in Capital |
208,706
|
200,906
|
|
| Retained Earnings (Dividends in Excess of Net Income) |
2,301
|
(6,419)
|
|
| Accumulated Other Comprehensive Income |
10,999
|
1,922
|
|
| Stockholders' Equity |
222,125
|
196,523
|
|
| Noncontrolling Interest |
32,631
|
31,379
|
|
| Total Equity |
254,756
|
227,902
|
$ 218,440
|
| Total Liabilities and Equity |
$ 567,356
|
$ 505,514
|
|