Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue Recognition.

Summary of rental income recognized

	Rental income recognized
		For the three months ended
		March 31,
(in thousands)		2024			2023
Leases in effect at the beginning of the year		$	9,136	$	10,446
Leases entered into during the year			1,071		280
		$	10,207	$	10,726

Schedule of future minimum fixed rent payments from tenants under all non-cancelable leases in place

(in thousands)	Future rental
Year Ending December 31,	payments
2024 (remaining nine months)	$	16,351
2025		24,114
2026		18,020
2027		8,229
2028		3,885
Thereafter		49,377
	$	119,976

Schedule of other revenue disaggregated by revenue

	For the three months ended
	March 31,
(in thousands)	2024			2023
Fixed Farm Rent	$	8,624	$	8,794
Solar, Wind and Recreation Rent		653		770
Tenant Reimbursements		721		1,038
Variable Rent		209		124
	$	10,207	$	10,726

	For the three months ended
	March 31,
(in thousands)	2024			2023
Auction and brokerage fees	$	282	$	336
Crop insurance proceeds		—		595
Property management income		229		186
Other (e.g., interest income)		612		469
	$	1,123	$	1,586