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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following table sets forth information concerning the compensation of Jeffrey A. Gould, our principal executive officer (“PEO”), and our other named executive officers (i.e., Mitchell Gould, David W. Kalish, Ryan Baltimore (for 2024 only), Isaac Kalish (for 2024 and 2025 only), Matthew J. Gould (for 2023 only), George Zweier, and Steven Rosenzweig (for 2025 only) collectively referred to as the “NEOs”) and our financial and market performance for each indicated year:
Year
Summary
Compensation
Table Total
for PEO
($)(1)
Compensation
Actually Paid
to PEO(2)
($)
Average
Summary
Compensation
Table Total
for NEOs
($)
Average
Compensation
Actually Paid
to NEOs(1)(3)
($)
Value of
Initial Fixed
$100
Investment
Based On
Net
Income
(millions)
($)
Total
Stockholder
Return
($)
2025
1,912,560
1,667,518
776,679
579,690
89.19
(11.9)
2024
1,928,027
1,686,779
981,156
609,920
102.70
(9.8)
2023
1,882,891
1,319,498
883,300
563,173
99.93
3.9
(1)
See Note 6 to the Summary Compensation Table for information regarding the treatment of dividends and dividend equivalents payable on stock and similar awards.
(2)
Represents the amount of “compensation actually paid” to Jeffrey A. Gould, as computed in accordance with SEC requirements. Such amounts do not reflect the actual amount of compensation earned by or paid to Mr. Gould. See table immediately below for a reconciliation showing how “compensation actually paid” was calculated.
(3)
Represents the average amount of “compensation actually paid” to the NEOs as a group as computed in accordance with SEC requirements. Such amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group. See “— Compensation of NEOs.”
In accordance with SEC requirements, the following adjustments were made to Jeffrey A. Gould’s total compensation for the applicable year to determine the “compensation actually paid”:
Year
Reported Summary
Compensation Table
Total for PEO
($)
Reported Value
of Equity
Awards
($)
Equity Award
Adjustments
($)
Compensation Actually
Paid to PEO
($)
2025
1,912,560
(497,555)
252,513
1,667,518
2024
1,928,027
(555,486)
314,238
1,686,779
2023
1,882,891
(587,616)
24,223
1,319,498
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (6) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
Year
Year End Fair
Value of Equity
Awards
($)
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
($)
Year over Year Change
in Fair Value of Equity
Awards Granted in
Prior Years that Vested
in the Year
($)
Total Equity Award
Adjustments
($)
2025
349,396(1)
80,535(1)
(16,348)(1)
252,513
2024
359,801(2)
72,238(2)
(117,801)
314,238
2023
386,940(4)
(351,343)(5)
(11,374)
24,223
(1)
With respect to the 2025 AFFO Awards, assumes that none of such awards would have vested at year-end 2025.
(2)
With respect to the 2024 AFFO Awards, assumes that none of such awards would have vested at year-end 2024.
(3)
With respect to the 2023 and 2022 AFFO awards, assumes that as of year-end 2024 that none of such awards would vest.
(4)
With respect to the 2021 AFFO Awards which vested in 2024, assumes that as of year-end 2023 100% of such awards would vest, of which 100% actually vested in 2024.
(5)
With respect to the 2023 AFFO Awards, assumes that none of such awards would have vested at year-end 2023.
(6)
With respect to the (A) 2022 RSU-AFFO awards, assumes that as of year-end (i) 2023, none of such awards would have vested and (ii) 2022, 99.65% of such awards would have vested and (B) the 2021 RSU-AFFO awards, assumes that 100% of such awards would have vested at the 2023 and 2022 year-end.
Compensation of NEOs
In accordance with SEC requirements, the following adjustments were made to average total compensation for the NEOs for each year to determine the “compensation actually paid” to this group:
Year
Average
Reported Summary
Compensation Table
Total for NEOs
($)
Average
Reported
Value of Equity
Awards
($)
Total Average Equity
Award Adjustments
($)(1)
Average
Compensation
Actually Paid to
NEOs
($)
2025
776,679
(299,535)
102,546
579,690
2024
981,156
(486,909)
115,673
609,920
2023
883,300
(341,054)
20,927
563,173
(1)
Although the vesting of David Kalish’s restricted stock would accelerate upon his retirement, as he has not retired, and consistent with the disclosure elsewhere in this proxy statement (except as otherwise indicated), we have not accelerated the vesting of such awards.
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated:
Year
Average
Year End
Fair
Value of
Equity
Awards
($)
Year over Year Average
Change in Fair Value of
Outstanding and
Unvested Equity Awards
($)
Year over Year Average
Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year
($)
Total Average
Equity Award
Adjustments
($)
2025
173,203
(49,088)
(21,569)
102,546
2024
178,851
25,855
(89,033)
115,673
2023
268,410
(239,337)
(8,146)
20,927
     
Named Executive Officers, Footnote
The following table sets forth information concerning the compensation of Jeffrey A. Gould, our principal executive officer (“PEO”), and our other named executive officers (i.e., Mitchell Gould, David W. Kalish, Ryan Baltimore (for 2024 only), Isaac Kalish (for 2024 and 2025 only), Matthew J. Gould (for 2023 only), George Zweier, and Steven Rosenzweig (for 2025 only) collectively referred to as the “NEOs”) and our financial and market performance for each indicated year:
     
PEO Total Compensation Amount $ 1,912,560 $ 1,928,027 $ 1,882,891  
PEO Actually Paid Compensation Amount $ 1,667,518 1,686,779 1,319,498  
Adjustment To PEO Compensation, Footnote
(3)
Represents the average amount of “compensation actually paid” to the NEOs as a group as computed in accordance with SEC requirements. Such amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group. See “— Compensation of NEOs.”
In accordance with SEC requirements, the following adjustments were made to Jeffrey A. Gould’s total compensation for the applicable year to determine the “compensation actually paid”:
Year
Reported Summary
Compensation Table
Total for PEO
($)
Reported Value
of Equity
Awards
($)
Equity Award
Adjustments
($)
Compensation Actually
Paid to PEO
($)
2025
1,912,560
(497,555)
252,513
1,667,518
2024
1,928,027
(555,486)
314,238
1,686,779
2023
1,882,891
(587,616)
24,223
1,319,498
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (6) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
Year
Year End Fair
Value of Equity
Awards
($)
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
($)
Year over Year Change
in Fair Value of Equity
Awards Granted in
Prior Years that Vested
in the Year
($)
Total Equity Award
Adjustments
($)
2025
349,396(1)
80,535(1)
(16,348)(1)
252,513
2024
359,801(2)
72,238(2)
(117,801)
314,238
2023
386,940(4)
(351,343)(5)
(11,374)
24,223
(1)
With respect to the 2025 AFFO Awards, assumes that none of such awards would have vested at year-end 2025.
(2)
With respect to the 2024 AFFO Awards, assumes that none of such awards would have vested at year-end 2024.
(3)
With respect to the 2023 and 2022 AFFO awards, assumes that as of year-end 2024 that none of such awards would vest.
(4)
With respect to the 2021 AFFO Awards which vested in 2024, assumes that as of year-end 2023 100% of such awards would vest, of which 100% actually vested in 2024.
(5)
With respect to the 2023 AFFO Awards, assumes that none of such awards would have vested at year-end 2023.
(6)
With respect to the (A) 2022 RSU-AFFO awards, assumes that as of year-end (i) 2023, none of such awards would have vested and (ii) 2022, 99.65% of such awards would have vested and (B) the 2021 RSU-AFFO awards, assumes that 100% of such awards would have vested at the 2023 and 2022 year-end.
     
Non-PEO NEO Average Total Compensation Amount $ 776,679 981,156 883,300  
Non-PEO NEO Average Compensation Actually Paid Amount $ 579,690 609,920 563,173  
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Represents the average amount of “compensation actually paid” to the NEOs as a group as computed in accordance with SEC requirements. Such amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group. See “— Compensation of NEOs.”
Compensation of NEOs
In accordance with SEC requirements, the following adjustments were made to average total compensation for the NEOs for each year to determine the “compensation actually paid” to this group:
Year
Average
Reported Summary
Compensation Table
Total for NEOs
($)
Average
Reported
Value of Equity
Awards
($)
Total Average Equity
Award Adjustments
($)(1)
Average
Compensation
Actually Paid to
NEOs
($)
2025
776,679
(299,535)
102,546
579,690
2024
981,156
(486,909)
115,673
609,920
2023
883,300
(341,054)
20,927
563,173
(1)
Although the vesting of David Kalish’s restricted stock would accelerate upon his retirement, as he has not retired, and consistent with the disclosure elsewhere in this proxy statement (except as otherwise indicated), we have not accelerated the vesting of such awards.
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated:
Year
Average
Year End
Fair
Value of
Equity
Awards
($)
Year over Year Average
Change in Fair Value of
Outstanding and
Unvested Equity Awards
($)
Year over Year Average
Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year
($)
Total Average
Equity Award
Adjustments
($)
2025
173,203
(49,088)
(21,569)
102,546
2024
178,851
25,855
(89,033)
115,673
2023
268,410
(239,337)
(8,146)
20,927
     
Compensation Actually Paid vs. Total Shareholder Return      
Compensation Actually Paid vs. Net Income      
Total Shareholder Return Amount $ 89.19 102.7 99.93  
Net Income (Loss) $ (11,900,000) $ (9,800,000) $ 3,900,000  
PEO Name Jeffrey A. Gould Jeffrey A. Gould Jeffrey A. Gould  
Equity Awards Adjustments, Footnote
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (6) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
Year
Year End Fair
Value of Equity
Awards
($)
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
($)
Year over Year Change
in Fair Value of Equity
Awards Granted in
Prior Years that Vested
in the Year
($)
Total Equity Award
Adjustments
($)
2025
349,396(1)
80,535(1)
(16,348)(1)
252,513
2024
359,801(2)
72,238(2)
(117,801)
314,238
2023
386,940(4)
(351,343)(5)
(11,374)
24,223
(1)
With respect to the 2025 AFFO Awards, assumes that none of such awards would have vested at year-end 2025.
(2)
With respect to the 2024 AFFO Awards, assumes that none of such awards would have vested at year-end 2024.
(3)
With respect to the 2023 and 2022 AFFO awards, assumes that as of year-end 2024 that none of such awards would vest.
(4)
With respect to the 2021 AFFO Awards which vested in 2024, assumes that as of year-end 2023 100% of such awards would vest, of which 100% actually vested in 2024.
(5)
With respect to the 2023 AFFO Awards, assumes that none of such awards would have vested at year-end 2023.
(6)
With respect to the (A) 2022 RSU-AFFO awards, assumes that as of year-end (i) 2023, none of such awards would have vested and (ii) 2022, 99.65% of such awards would have vested and (B) the 2021 RSU-AFFO awards, assumes that 100% of such awards would have vested at the 2023 and 2022 year-end.
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated:
Year
Average
Year End
Fair
Value of
Equity
Awards
($)
Year over Year Average
Change in Fair Value of
Outstanding and
Unvested Equity Awards
($)
Year over Year Average
Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year
($)
Total Average
Equity Award
Adjustments
($)
2025
173,203
(49,088)
(21,569)
102,546
2024
178,851
25,855
(89,033)
115,673
2023
268,410
(239,337)
(8,146)
20,927
     
2025 AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of next year-end 0.00%      
2024 AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of year-end   0.00%    
2023 AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of year-end   0.00% 0.00%  
2023 and 2022 AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of year-end   0.00%    
2021 AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of prior year-end     100.00%  
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage   100.00%    
2022 RSU-AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of year-end     0.00%  
Vesting percentage assumption as of prior year-end       99.65%
2021 RSU-AFFO Awards [Member]        
Pay vs Performance Disclosure        
Vesting percentage assumption as of year-end     100.00%  
Vesting percentage assumption as of prior year-end       100.00%
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (497,555) $ (555,486) $ (587,616)  
PEO | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 252,513 314,238 24,223  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 349,396 359,801 386,940  
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 80,535 72,238 (351,343)  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (16,348) (117,801) (11,374)  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (299,535) (486,909) (341,054)  
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 102,546 115,673 20,927  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 173,203 178,851 268,410  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (49,088) 25,855 (239,337)  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (21,569) $ (89,033) $ (8,146)