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Note 11 - Revenues
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues

Note 11 – Revenues

Disaggregated Revenue

The following table represents a disaggregation of revenues from contracts with customers for the three months ended March 31, 2024 and 2023 by type of service:

 

 

 

Topic 606

 

Three Months Ended March 31,

 

(in thousands)

 

Revenue Recognition

 

2024

 

 

2023

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

460

 

 

$

818

 

Property and asset management fees

 

Over time

 

 

36

 

 

 

33

 

Sales commissions

 

Point in time

 

 

42

 

 

 

38

 

Development fees

 

Over time

 

 

1

 

 

 

9

 

Engineering services

 

Over time

 

 

21

 

 

 

14

 

Topic 606 Revenue

 

 

 

 

560

 

 

 

912

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

$

9,511

 

 

$

10,208

 

Sublease income

 

 

 

 

 

 

 

12

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

9,511

 

 

 

10,220

 

Total Revenue

 

 

 

$

10,071

 

 

$

11,132

 

Leasing Operations

Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of March 31, 2024 are reflected in the table below.

(in thousands)

 

 

 

Remainder of 2024

 

$

22,679

 

2025

 

 

25,882

 

2026

 

 

17,923

 

2027

 

 

15,857

 

2028

 

 

13,071

 

2029

 

 

10,005

 

Thereafter

 

 

31,119

 

Total

 

$

136,536