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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(2)				Value of Initial Fixed $100 Investment Based On:			Company Selected Measure

Year	David H. Dupuy ($)	Timothy G. Wallace ($)	David H. Dupuy ($)	Timothy G. Wallace ($)	Average Summary Compensation Table Total for Non-PEO NEOs(3) ($)	Average Compensation Actually Paid to Non-PEO NEOs(4) ($)	Company TSR(5) ($)	NAREIT All Equity REIT Index TSR(6) ($)	Net Income (Loss) (7) ($)	Dividend Payout Ratio(8) (%)

2025	2,448,171	n/a	2,374,102	n/a	2,880,722	2,589,480	48.94	126.71	5,102,000	87
2024	3,123,257	n/a	1,805,153	n/a	1,916,340	1,224,363	50.87	123.90	(3,181,000)	78
2023	3,533,747	24,793,238	2,076,455	24,959,265	1,932,118	1,170,765	64.78	118.09	7,714,000	72
2022	n/a	4,540,328	n/a	1,654,573	2,304,256	1,356,528	82.52	106.05	22,019,000	72
2021	n/a	4,788,861	n/a	5,472,517	2,191,019	2,374,549	104.08	141.30	22,492,000	77

Company Selected Measure Name

ividend payout ratio

Named Executive Officers, Footnote

Represents total compensation as calculated on the Summary Compensation Table ("SCT") for David H. Dupuy, who was appointed as CEO and President on March 6, 2023 and Timothy G. Wallace, who was our CEO and President until his passing on March 3, 2023.Average Summary Compensation for Years 2025, 2024, and 2023, as calculated on the SCT includes William G. Monroe IV, who served as Chief Financial Officer and Executive Vice President, Leigh Ann Stach, who served as Chief Accounting Officer and Executive Vice President, and Timothy Meyer, who served as Executive Vice President-Asset Management until his termination in 2025. Average Summary Compensation for Years 2022 and 2021 as calculated on the SCT includes David Dupuy, who served as Chief Financial Officer and Executive Vice President, Leigh Ann Stach, who served as Chief Accounting Officer and Executive Vice President, and Timothy Meyer, who served as Executive Vice President-Asset Management.

Peer Group Issuers, Footnote

Cumulative TSR for the Company's Peer Group (NAREIT All Equity REIT Index) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period (determined in accordance with Item 402(v) of the SEC Regulation S-K), assuming dividend reinvestment, and the difference between the NAREIT All Equity REIT Index common share price at the end and the beginning of the measurement period by the common share price at the beginning of the measurement period.

PEO Total Compensation Amount

$ 2,448,171

$ 3,123,257

$ 4,540,328

$ 4,788,861

PEO Actually Paid Compensation Amount

$ 2,374,102

1,805,153

1,654,573

5,472,517

Adjustment To PEO Compensation, Footnote

Adjustments to Determine Compensation Actually Paid to David H. Dupuy (PEO) for the years 2025, 2024, and 2023 and to Timothy G. Wallace (PEO) for the years 2023, 2022, and 2021 shown in the table below.


	David H. Dupuy			Timothy G. Wallace

	2025 ($)	2024 ($)	2023 ($)	2023 ($)	2022 ($)	2021 ($)

Summary Compensation Table Total	2,448,171	3,123,257	3,533,747	24,793,238	4,540,328	4,788,861
Deduction for Amounts Reported under the "Stock Awards" Column in the SCT	(1,147,502)	(1,776,096)	(2,125,913)	(1,015,989)	(2,820,373)	(3,164,711)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End	1,189,157	1,209,886	1,545,147	—	2,450,331	3,055,580
Increase (Deduction) for Change in Fair Value from Prior Year End to Current Year End of Awards Granted in Prior Years that were Outstanding and Unvested as of Year End	(945,015)	(1,556,756)	(1,387,942)	—	(3,471,338)	38,081
Fair Value as of the Vesting Date of Awards Granted and Vested in the Same Year	—	100,221	—	848,056	—	—
Increase (Deduction) in Fair Value from the Vesting Date to Prior Year End for Awards Granted in Prior Years that Vested during the Year	(11,133)	—	—	319,137	—	—
Deduction for the Fair Value as of Prior Year End of Awards Forfeited or Cancelled during the Current Year	(20,209)	—	—	(264,741)	—	—
Increase based on Dividends or Other Earnings Paid during the year prior to Vesting Date of Award	860,633	704,641	511,416	279,564	955,625	754,706
Total Adjustments	(74,069)	(1,318,104)	(1,457,292)	166,027	(2,885,755)	683,656
Compensation Actually Paid	2,374,102	1,805,153	2,076,455	24,959,265	1,654,573	5,472,517

Non-PEO NEO Average Total Compensation Amount

$ 2,880,722

1,916,340

$ 1,932,118

2,304,256

2,191,019

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,589,480

1,224,363

1,170,765

1,356,528

2,374,549

Adjustment to Non-PEO NEO Compensation Footnote

Adjustments to Determine Average Compensation Actually Paid to Non-PEO NEOs are shown in the table below.


	Non-PEO NEOs

	2025 ($)	2024 ($)	2023 ($)	2022 ($)	2021 ($)

Summary Compensation Table Total	2,880,722	1,916,340	1,932,118	2,304,256	2,191,019
Deduction for Amounts Reported under the "Stock Awards" Column in the SCT	(633,166)	(1,033,556)	(1,235,251)	(1,432,502)	(1,432,215)
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End	585,917	743,455	908,424	1,244,515	1,382,175
Increase (Deduction) for Change in Fair Value from Prior Year End to Current Year End of Awards Granted in Prior Years that were Outstanding and Unvested as of Year End	(357,843)	(790,611)	(703,497)	(1,076,505)	10,338
Fair Value as of the Vesting Date of Awards Granted and Vested in the Same Year	50,294	52,692	—	—	—
Increase (Deduction) in Fair Value from the Vesting Date to Current Year End for Awards Granted in Prior Years that Vested during the Year	(61,023)	(17,641)	(4,320)	—	—
Deduction for the Fair Value as of Prior Year End of Awards Forfeited or Cancelled during the Current Year	(270,624)	(34,845)	(10,955)	—	—
Increase based on Dividends or Other Earnings Paid during the year prior to Vesting Date of Award	395,203	388,529	284,246	316,764	223,232
Total Adjustments	(291,242)	(691,977)	(761,353)	(947,728)	183,530
Average Compensation Actually Paid	2,589,480	1,224,363	1,170,765	1,356,528	2,374,549

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative TSR

Company TSR and NAREIT All Equity REIT Index TSR are computed in accordance with Item 402(v) of Regulation S-K. These metrics are based on dividends and stock prices for each period presented. The NAREIT All Equity REIT Index is not used by the Company in determining executive compensation.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

The amount of compensation actually paid to our executive officers is not directly linked to net income. The Company is a growing real estate company with its real estate portfolio as its largest asset. Though real estate over the long-term generally increases in value, the assets are depreciated over the useful life of each asset on our consolidated statements of income in accordance with generally accepted accounting principles. Consequently, depreciation expense continues to grow as our real estate portfolio grows which significantly reduces the Company's net income.

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Dividend Payout Ratio

As described in more detail in Compensation Discussion and Analysis, the Company Performance Award ("CPA"), through June 30, 2025, was calculated based 70% upon the achievement of company performance goals and 30% upon the assessment of individual performance goals for the trailing four quarters ended June 30 of each year. The CPA for 2025 provided for a payment of a range from 0% to 150% of base salary based on: (1) AFFO per share resulted in an award percentage of 68.7% of maximum; (2) Dividend payout ratio resulted in an award percentage of 66.7% of maximum; and (3) Debt to Total Capitalization ratio resulted in an award percentage of 40% of maximum for a total bonus payment of 62% of maximum for the year 2025. The CPA prior to 2025 was measured using a targeted dividend for each year divided by actual AFFO for the trailing four quarters ended June 30 of each year. The CPA provided for a payment of a range from 0% to 150% for each of the years 2024, 2023, 2022, 2021. The targeted dividend payout ratios resulted in award percentages of 150% for each of the years 2024, 2023, 2022 and 2021. Since the CPA targeted 50% of each executive officer's base pay for those years, the CPA resulted in bonus payments of 75% for each of the years 2024, 2023, 2022, and 2021. Each of the executive officers elected to take these bonus payments in shares of restricted stock, through the Company's Alignment of Interest Program, as amended, that cliff vest in 8 years.

Compensation Actually Paid and 3-Year Performance Based RSUs

As described in more detail in Compensation Discussion and Analysis, the Company's 3-year Performance Based RSU Awards were implemented in 2024 for the 3-year performance period beginning July 1, 2023 and were designed to be a long-term incentive award based on a three-year forward-looking performance period measured against our peer group for that performance period. Awards granted in 2025 have 3-year performance period beginning July 1, 2025. These forward-looking RSU awards are measured based on (i) growth in the Company's TSR (the "3-Year Absolute TSR Award") and (ii) TSR performance relative to our relative TSR peer group (the "3-Year Relative TSR Award"). These awards for 2025 and 2024 were granted in restricted stock units and the payout levels, if any, will be based on performance as determined under each of these TSR awards.

Compensation Actually Paid and 3-Year Time-Based RSUs

As described in more detail in Compensation Discussion and Analysis, the Company's 3-year Time-Based RSU Awards were implemented in 2024 for the 3-year service period beginning July 1, 2023 and granted in 2025 with a 3-year service period beginning July 1, 2025. These awards vest ratably over a three-year period on each June 30.

Tabular List, Table

$2.15

AFFO per share

87%

Dividend Payout Ratio

41.6%

Debt to Total Capitalization Ratio

Total Shareholder Return Amount

$ 48.94

50.87

64.78

82.52

104.08

Peer Group Total Shareholder Return Amount

126.71

123.90

118.09

106.05

141.30

Net Income (Loss)

$ 5,102,000

$ (3,181,000)

$ 7,714,000

$ 22,019,000

$ 22,492,000

Company Selected Measure Amount

0.87

0.78

0.72

0.77

Additional 402(v) Disclosure

As described in greater detail in Compensation Discussion and Analysis, beginning on page 18 of this proxy statement, the Company's executive compensation program is designed to directly align the interests of our executive officers with those of the stockholders in a way that encourages prudent decision-making and links compensation to our overall performance. We use a combination of allowing the acquisition of shares of restricted stock in lieu of cash salary, as well as grants of restricted stock and restricted stock units for incentive compensation as the primary means of delivering short-term and long-term compensation to our executive officers. We believe that restricted stock and restricted stock units with long vesting periods align the interests of executive officers and stockholders and provide strong incentives to our executive officers to achieve long-term growth in our business, grow the value of our common stock and maintain or increase our dividends. Cumulative TSR for the Company is calculated by dividing the sum of the cumulative amount of dividends for the measurement period (determined in accordance with Item 402(v) of the SEC Regulation S-K), assuming dividend reinvestment, and the difference between the Company's common share price at the end and the beginning of the measurement period by the common share price at the beginning of the measurement period.Represents audited Net Income(Loss) per our Consolidated Statements of Income included in our Annual Reports on Form 10-K for each of the years ended December 31, 2025, 2024, 2023, 2022, and 2021.

Measure:: 1

Pay vs Performance Disclosure

Name

$2.15AFFO per share

Measure:: 2

Pay vs Performance Disclosure

Name

87%Dividend Payout Ratio

Non-GAAP Measure Description

Dividend payout ratio measured using Dividends paid per share divided by AFFO per share for the trailing twelve months ended June 30 of each year as discussed in more detail in Compensation Discussion and Analysis.

Measure:: 3

Pay vs Performance Disclosure

Name

41.6%Debt to Total Capitalization Ratio

David H. Dupuy [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 2,448,171

$ 3,123,257

$ 3,533,747

PEO Actually Paid Compensation Amount

2,374,102