10-Q Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-023735`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	sqft20230630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 78 Cash Flow Statement 94 Stockholders Equity 37

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$20.80M	USD	Point-in-time
Land	`Land`	$19.19M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$135.19M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$125.98M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$14.43M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$13.86M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$4.11M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$4.11M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$163.14M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$174.53M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$36.84M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$34.64M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$137.68M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$128.50M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$2.02M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$1.20M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldforinvestmentAndRealEstateHeldForSaleNet`	$138.88M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldforinvestmentAndRealEstateHeldForSaleNet`	$130.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.52M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.55M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.52M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Other assets, net (see Note 6)	`OtherAssetsMiscellaneous`	$4.16M	USD	Point-in-time
Other assets, net (see Note 6)	`OtherAssetsMiscellaneous`	$3.51M	USD	Point-in-time
Total other assets	`OtherAssets`	$16.83M	USD	Point-in-time
Total other assets	`OtherAssets`	$23.97M	USD	Point-in-time
Investments held in Trust (see Notes 2 & 9)	`AssetsHeldInTrust`	$136.87M	USD	Point-in-time
Investments held in Trust (see Notes 2 & 9)	`AssetsHeldInTrust`	$23.34M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$291.35M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$179.05M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForInvestmentNet`	$102.86M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForInvestmentNet`	$95.90M	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$482.14K	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$999.52K	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayableNet`	$96.90M	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayableNet`	$103.34M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.37M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.03M	USD	Point-in-time
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	`AccountsPayableAndAccruedLiabilitiesSPAC`	$6.66M	USD	Point-in-time
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	`AccountsPayableAndAccruedLiabilitiesSPAC`	$5.05M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$1.88M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$977.66K	USD	Point-in-time
Dividends payable preferred stock	`DividendsPayableCurrentAndNoncurrent`	$177.15K	USD	Point-in-time
Dividends payable preferred stock	`DividendsPayableCurrentAndNoncurrent`	$178.51K	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$46.83K	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$31.80K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$18.24K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$15.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$115.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$108.10M	USD	Point-in-time
Commitments and contingencies (Note 2 & 9):	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 2 & 9):	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$180.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$182.04M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-138.34M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-142.29M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$43.83M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$38.20M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.01M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$8.53M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$60.51M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$49.62M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.73M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$179.05M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$291.35M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeaseLeaseIncome`	$4.19M	USD	1 Quarter
Rental income	`OperatingLeaseLeaseIncome`	$8.27M	USD	2 Qtrs
Rental income	`OperatingLeaseLeaseIncome`	$8.64M	USD	2 Qtrs
Rental income	`OperatingLeaseLeaseIncome`	$4.33M	USD	1 Quarter
Fees and other income	`FeeAndOtherIncome`	$132.78K	USD	1 Quarter
Fees and other income	`FeeAndOtherIncome`	$393.72K	USD	2 Qtrs
Fees and other income	`FeeAndOtherIncome`	$253.61K	USD	2 Qtrs
Fees and other income	`FeeAndOtherIncome`	$214.28K	USD	1 Quarter
Total revenue	`Revenues`	$8.67M	USD	2 Qtrs
Total revenue	`Revenues`	$4.32M	USD	1 Quarter
Total revenue	`Revenues`	$8.89M	USD	2 Qtrs
Total revenue	`Revenues`	$4.54M	USD	1 Quarter
Rental operating costs	`OperatingLeaseExpense`	$1.40M	USD	1 Quarter
Rental operating costs	`OperatingLeaseExpense`	$2.93M	USD	2 Qtrs
Rental operating costs	`OperatingLeaseExpense`	$2.97M	USD	2 Qtrs
Rental operating costs	`OperatingLeaseExpense`	$1.35M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.80M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.78M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.37M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$4.58M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$3.88M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$8.38M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$9.45M	USD	2 Qtrs
Interest and other income, net	`NonoperatingInterestAndOtherIncomeExpense`	$1.14M	USD	2 Qtrs
Interest and other income, net	`NonoperatingInterestAndOtherIncomeExpense`	$398.08K	USD	1 Quarter
Interest and other income, net	`NonoperatingInterestAndOtherIncomeExpense`	$166.73K	USD	2 Qtrs
Interest and other income, net	`NonoperatingInterestAndOtherIncomeExpense`	$93.13K	USD	1 Quarter
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$1.54M	USD	2 Qtrs
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$2.75M	USD	2 Qtrs
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$1.12M	USD	1 Quarter
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$1.23M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$349.07K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$259.29K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$497.53K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$524.52K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-24.22K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-24.53K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$288.90K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-167.45K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-813.21K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-204.75K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$798.24K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$418.05K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-608.46K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$380.19K	USD	1 Quarter
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.48M	USD	2 Qtrs
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$709.20K	USD	1 Quarter
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.92M	USD	2 Qtrs
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.09M	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-291.16K	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-2.30M	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-1.12M	USD	2 Qtrs
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$539.06K	USD	1 Quarter
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.08M	USD	2 Qtrs
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.07M	USD	2 Qtrs
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$532.28K	USD	1 Quarter
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	-	USD	1 Quarter
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	-	USD	1 Quarter
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	-	USD	2 Qtrs
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	$2.46M	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.36M	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.65M	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.83M	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-830.21K	USD	1 Quarter
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.28	USD	2 Qtrs
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.39	USD	2 Qtrs
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.84M	shares	1 Quarter
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.84M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.79M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.80M	shares	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-813.21K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-204.75K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$798.24K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$418.05K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-608.46K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$380.19K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.66M	USD	2 Qtrs
Stock compensation	`ShareBasedCompensation`	$540.50K	USD	2 Qtrs
Stock compensation	`ShareBasedCompensation`	$568.70K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$32.73K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$13.42K	USD	2 Qtrs
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.12M	USD	1 Quarter
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.23M	USD	1 Quarter
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.75M	USD	2 Qtrs
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.54M	USD	2 Qtrs
Net change in fair value marketable securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-358.66K	USD	2 Qtrs
Net change in fair value marketable securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$190.33K	USD	2 Qtrs
Net change in fair value SPAC Trust Account	`NetChangeInFairValueSPACTrustAccount`	$-939.52K	USD	2 Qtrs
Net change in fair value SPAC Trust Account	`NetChangeInFairValueSPACTrustAccount`	$-201.77K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$125.85K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$187.30K	USD	2 Qtrs
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$27.45K	USD	2 Qtrs
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$2.49K	USD	2 Qtrs
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-46.30K	USD	2 Qtrs
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-240.01K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$399.16K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-317.94K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.42M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$239.30K	USD	2 Qtrs
Accounts payable and accrued liabilities for the SPAC	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesForSPAC`	$-281.72K	USD	2 Qtrs
Accounts payable and accrued liabilities for the SPAC	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesForSPAC`	$138.65K	USD	2 Qtrs
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-987.64K	USD	2 Qtrs
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-902.22K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-459.90K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.60M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$4.65M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$12.93M	USD	2 Qtrs
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$832.99K	USD	2 Qtrs
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$1.00M	USD	2 Qtrs
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.83M	USD	2 Qtrs
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	$661.25K	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.95M	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.11M	USD	2 Qtrs
Investment of SPAC IPO proceeds into Trust Account	`PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount`	$389.94K	USD	2 Qtrs
Investment of SPAC IPO proceeds into Trust Account	`PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount`	$134.90M	USD	2 Qtrs
Withdrawals from Trust Account for SPAC taxes	`ProceedsFromTrustAccountForTaxes`	$792.48K	USD	2 Qtrs
Withdrawals from Trust Account for SPAC taxes	`ProceedsFromTrustAccountForTaxes`	-	USD	2 Qtrs
Withdrawals from Trust Account for Redemption of SPAC Shares	`ProceedsFromTrustAccountForRedemptionOfShares`	$114.07M	USD	2 Qtrs
Withdrawals from Trust Account for Redemption of SPAC Shares	`ProceedsFromTrustAccountForRedemptionOfShares`	-	USD	2 Qtrs
Deletions / (additions) to deferred leasing costs	`PaymentsForProceedsFromLeasingCosts`	$35.86K	USD	2 Qtrs
Deletions / (additions) to deferred leasing costs	`PaymentsForProceedsFromLeasingCosts`	$-3.87K	USD	2 Qtrs
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$4.59M	USD	2 Qtrs
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$18.84M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$105.26M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.12M	USD	2 Qtrs
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromIssuanceOfMortgageNotesPayable`	$12.85M	USD	2 Qtrs
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromIssuanceOfMortgageNotesPayable`	$12.59M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$6.42M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$7.36M	USD	2 Qtrs
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$3.20M	USD	2 Qtrs
Distributions to noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-1.96M	USD	2 Qtrs
Distributions to noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-2.61M	USD	2 Qtrs
Proceeds from initial public offering of SPAC	`ProceedsFromIssuanceInitialPublicOfferingOfSPAC`	$132.25M	USD	2 Qtrs
Proceeds from initial public offering of SPAC	`ProceedsFromIssuanceInitialPublicOfferingOfSPAC`	-	USD	2 Qtrs
Redemption of SPAC shares	`PaymentsForRedemptionOfSPACShares`	$114.07M	USD	2 Qtrs
Redemption of SPAC shares	`PaymentsForRedemptionOfSPACShares`	-	USD	2 Qtrs
Repurchase of Series A Common Stock, at cost	`PaymentsForRepurchaseOfCommonStock`	$30.73K	USD	2 Qtrs
Repurchase of Series A Common Stock, at cost	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Dividends paid to Series D Preferred Stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.07M	USD	2 Qtrs
Dividends paid to Series D Preferred Stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.08M	USD	2 Qtrs
Dividends paid to Series A Common Stockholders	`PaymentsOfDividendsCommonStock`	$590.15K	USD	2 Qtrs
Dividends paid to Series A Common Stockholders	`PaymentsOfDividendsCommonStock`	$2.61M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.47M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$127.94M	USD	2 Qtrs
Net (decrease) increase in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.36M	USD	2 Qtrs
Net (decrease) increase in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.82M	USD	2 Qtrs
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.70M	USD	Point-in-time
Deferred offering cost SPAC, underwriting commission payable	`DeferredOfferingCostOfSpacUnderwritingCommissionPayable`	$4.63M	USD	2 Qtrs
Deferred offering cost SPAC, underwriting commission payable	`DeferredOfferingCostOfSpacUnderwritingCommissionPayable`	-	USD	2 Qtrs
Accrued excise tax on January 24, 2023 SPAC redemptions	`NoncashFinancingItemsAccruedExciseTaxOnSpacRedemptions`	-	USD	2 Qtrs
Accrued excise tax on January 24, 2023 SPAC redemptions	`NoncashFinancingItemsAccruedExciseTaxOnSpacRedemptions`	$1.14M	USD	2 Qtrs
Dividends payable - Preferred Stock Series D	`NoncashFinancingItemsDividendsPayable`	$177.15K	USD	2 Qtrs
Dividends payable - Preferred Stock Series D	`NoncashFinancingItemsDividendsPayable`	$179.69K	USD	2 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$60.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$49.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.73M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time
Net (loss) income	`ProfitLoss`	$-813.21K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-204.75K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$798.24K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$418.05K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-608.46K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$380.19K	USD	1 Quarter
Dividends paid to Series A common stockholders	`DividendsCommonStock`	$302.50K	USD	1 Quarter
Dividends paid to Series A common stockholders	`DividendsCommonStock`	$1.31M	USD	1 Quarter
Dividends to Series D preferred stockholders	`DividendsPreferredStock`	$539.06K	USD	1 Quarter
Dividends to Series D preferred stockholders	`DividendsPreferredStock`	$532.28K	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.44M	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$258.41K	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.36M	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$518.64K	USD	1 Quarter
Remeasurement of SPAC shares to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$158.90K	USD	1 Quarter
Remeasurement of SPAC shares to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$247.09K	USD	1 Quarter
Accrued excise tax on SPAC redemptions	`AccruedExciseTaxOnSpacRedemptions`	$1.14M	USD	1 Quarter
Repurchase of Stock, at cost	`StockRepurchasedAndRetiredDuringPeriodValue`	$204.93K	USD	1 Quarter
Repurchase of Stock, at cost	`StockRepurchasedAndRetiredDuringPeriodValue`	$30.73K	USD	1 Quarter
Vesting of Common Stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$28.74K	USD	1 Quarter
Vesting of Common Stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$51.00K	USD	1 Quarter
Vesting of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$764.39K	USD	1 Quarter
Vesting of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$28.04K	USD	1 Quarter
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs	`NoncontrollingInterestDecreaseFromDeconsolidation`	$101.77K	USD	1 Quarter
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs	`NoncontrollingInterestDecreaseFromDeconsolidation`	$4.02M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$60.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$49.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.73M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.