XML 51 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity (Unaudited) - USD ($)
Total
Family Office Service ("FOS")
LXi Reit Advisors Limited (“LRA”)
Alvarium Home REIT Advisors Ltd ("AHRA")
Additional paid-in-capital
Additional paid-in-capital
Alvarium Home REIT Advisors Ltd ("AHRA")
Retained earnings (accumulated deficit)
Accumulated other comprehensive income
Accumulated other comprehensive income
Family Office Service ("FOS")
Accumulated other comprehensive income
LXi Reit Advisors Limited (“LRA”)
Non-controlling interest in subsidiaries
Non-controlling interest in subsidiaries
Family Office Service ("FOS")
Non-controlling interest in subsidiaries
LXi Reit Advisors Limited (“LRA”)
Non-controlling interest in subsidiaries
Alvarium Home REIT Advisors Ltd ("AHRA")
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Beginning balance (in shares) at Dec. 31, 2022                               55,388,023   55,032,961
Beginning balance at Dec. 31, 2022 $ 1,014,908,000       $ 435,859,000   $ (27,946,000) $ 0     $ 606,989,000         $ 6,000   $ 0
Shareholders’ Equity                                    
Issuance of shares to alvarium employee benefit trust (in shares)                               2,100,000    
Issuance of shares to Alvarium Employee Benefit Trust 21,000,000       21,000,000                          
Net income (loss) (62,160,000)           (26,000,000)       (36,160,000)              
Currency translation adjustment 17,908,000             9,546,000     8,362,000              
Cancellation of AHRA call option       $ 154,000                   $ 154,000        
Other comprehensive income (loss) (682,000)             (364,000)     (318,000)              
Payment for partner's tax (998,000)       (998,000)                          
Share based compensation 2,131,000       2,131,000                          
Deconsolidation       0   $ 28,791,000               (28,791,000)        
Issuance of shares - exercise of warrants (in shares)                               5,469,648    
Issuance of shares - exercise of warrants 29,479,000       29,479,000                          
Ending balance (in shares) at Jun. 30, 2023                               62,957,671   55,032,961
Ending balance at Jun. 30, 2023 $ 1,021,740,000       516,262,000   (53,946,000) 9,182,000     550,236,000         $ 6,000   $ 0
Ending balance (in shares) at Dec. 31, 2023 0                                  
Ending balance at Dec. 31, 2023 $ 0                                  
Beginning balance (in shares) at Dec. 31, 2022                               55,388,023   55,032,961
Beginning balance at Dec. 31, 2022 1,014,908,000       435,859,000   (27,946,000) 0     606,989,000         $ 6,000   $ 0
Ending balance (in shares) at Dec. 31, 2023                             65,110,875 65,110,875 53,219,713 53,219,713
Ending balance at Dec. 31, 2023 782,493,000       536,509,000   (193,527,000) 9,155,000     430,349,000         $ 7,000   $ 0
Beginning balance (in shares) at Mar. 31, 2023                               57,916,649   55,032,961
Beginning balance at Mar. 31, 2023 960,705,000       462,275,000   (96,686,000) 4,941,000     590,169,000         $ 6,000   $ 0
Shareholders’ Equity                                    
Net income (loss) 28,130,000           42,740,000       (14,610,000)              
Currency translation adjustment 8,237,000             4,605,000     3,632,000              
Cancellation of AHRA call option       154,000                   154,000        
Other comprehensive income (loss) (682,000)             (364,000)     (318,000)              
Payment for partner's tax (998,000)       (998,000)                          
Share based compensation 2,131,000       2,131,000                          
Deconsolidation       $ 0   $ 28,791,000               $ (28,791,000)        
Issuance of shares - exercise of warrants (in shares)                               5,041,022    
Issuance of shares - exercise of warrants 24,063,000       24,063,000                          
Ending balance (in shares) at Jun. 30, 2023                               62,957,671   55,032,961
Ending balance at Jun. 30, 2023 $ 1,021,740,000       516,262,000   (53,946,000) 9,182,000     550,236,000         $ 6,000   $ 0
Mezzanine Equity                                    
Issuance of preferred shares (in shares) 150,000                                  
Issuance of preferred shares, net of issuance costs $ 142,800,000                                  
Preferred share dividend $ 10,642,000                                  
Ending balance (in shares) at Jun. 30, 2024 150,000                                  
Ending balance at Jun. 30, 2024 $ 153,442,000                                  
Beginning balance (in shares) at Dec. 31, 2023                             65,110,875 65,110,875 53,219,713 53,219,713
Beginning balance at Dec. 31, 2023 782,493,000       536,509,000   (193,527,000) 9,155,000     430,349,000         $ 7,000   $ 0
Shareholders’ Equity                                    
Net income (loss) 12,786,000           23,355,000       (10,569,000)              
Currency translation adjustment (2,929,000)             (1,211,000)     (1,718,000)              
Other comprehensive income (loss) 211,000             127,000     84,000              
Payment for partner's tax (1,882,000)       (1,882,000)                          
Preferred share dividend 0       (10,642,000)                          
Issuance of shares for business combination 948,000       948,000                          
Share based compensation 9,074,000       9,074,000                          
Shares issued to employees on vesting of equity awards (in shares)                               1,815,560    
Shares issued to employees on vesting of equity awards (4,037,000)       (4,037,000)                          
TRA Exchange (in shares)                               5,240,760   (5,240,760)
TRA Exchange (14,064,000)       20,028,000           (34,092,000)              
Deconsolidation   $ (509,000) $ (1,370,000)           $ (306,000) $ (823,000)   $ (203,000) $ (547,000)          
Ending balance (in shares) at Jun. 30, 2024                             72,167,195 72,167,195 47,978,953 47,978,953
Ending balance at Jun. 30, 2024 $ 923,521,000       549,998,000   (170,172,000) 6,942,000     383,304,000         $ 7,000   $ 0
Beginning balance (in shares) at Mar. 31, 2024 115,000                                  
Beginning balance at Mar. 31, 2024 $ 115,093,000                                  
Mezzanine Equity                                    
Issuance of preferred shares (in shares) 35,000                                  
Issuance of preferred shares, net of issuance costs $ 31,642,000                                  
Preferred share dividend $ 6,707,000                                  
Ending balance (in shares) at Jun. 30, 2024 150,000                                  
Ending balance at Jun. 30, 2024 $ 153,442,000                                  
Beginning balance (in shares) at Mar. 31, 2024                               71,064,411   48,265,195
Beginning balance at Mar. 31, 2024 898,343,000       553,717,000   (164,178,000) 6,299,000     387,405,000         $ 7,000   $ 0
Shareholders’ Equity                                    
Net income (loss) (8,959,000)           (5,994,000)       (2,965,000)              
Currency translation adjustment 1,060,000             778,000     282,000              
Other comprehensive income (loss) 299,000             179,000     120,000              
Payment for partner's tax (1,853,000)       (1,853,000)                          
Preferred share dividend 0       (6,707,000)                          
Issuance of shares for business combination, including adjustments 1,634,000       1,634,000                          
Share based compensation 6,450,000       6,450,000                          
Shares issued to employees on vesting of equity awards (in shares)                               816,542    
Shares issued to employees on vesting of equity awards 0       0                          
TRA Exchange (in shares)                               286,242   (286,242)
TRA Exchange (4,586,000)       (3,243,000)           (1,343,000)              
Deconsolidation   $ (509,000)             $ (306,000)     $ (203,000)            
LXi deconsolidation     $ 0             $ (8,000)     $ 8,000          
Ending balance (in shares) at Jun. 30, 2024                             72,167,195 72,167,195 47,978,953 47,978,953
Ending balance at Jun. 30, 2024 $ 923,521,000       $ 549,998,000   $ (170,172,000) $ 6,942,000     $ 383,304,000         $ 7,000   $ 0