XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate properties    
Land $ 67,225 $ 67,225
Building and improvements 302,471 300,699
Intangible lease assets 41,228 41,228
Construction in progress 4,073 4,231
Furniture and equipment 1,711 1,711
Less accumulated depreciation and amortization (47,811) (42,047)
Total real estate properties, net 368,897 373,047
Cash and cash equivalents 8,496 12,356
Restricted cash 5,350 4,675
Straight-line rent receivable 2,790 2,343
Tenant and accounts receivable, net of allowance of $193 and $165, respectively 1,926 1,874
Derivative assets 2,830 3,426
Other assets, net 3,857 4,565
Total Assets 394,146 402,286
Liabilities    
Mortgage and other indebtedness, net (includes $13,194 and $17,895, respectively, at fair value under the fair value option) 262,658 267,616
Accounts payable and accrued liabilities 14,599 15,411
Unamortized intangible lease liabilities, net 1,360 1,553
Payables due to related parties 54 44
Deferred tax liabilities 2,285 3,968
Deferred revenue 1,528 1,252
Total liabilities 282,484 289,844
Commitments and contingencies
Temporary Equity    
Redeemable noncontrolling Fortress preferred interest 76,525 73,697
Permanent Equity    
Preferred stock, $0.01 par value, 1,000,000 shares authorized: Series A preferred stock, 20,000 shares authorized, 500 shares issued and outstanding at each of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized, 32,412,278 and 32,256,974 issued and outstanding at March 31, 2023 and December 31, 2022, respectively 324 323
Additional paid in capital 68,350 72,097
Accumulated deficit (33,940) (33,294)
Accumulated other comprehensive income 1,788 56
Total Broad Street Realty, Inc. stockholders' equity 36,522 39,182
Noncontrolling interest (1,385) (437)
Total permanent equity 35,137 38,745
Total Liabilities, Temporary Equity and Permanent Equity $ 394,146 $ 402,286