v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate properties    
Land $ 54,936 $ 54,936
Building and improvements 288,345 288,042
Intangible lease assets 32,967 32,967
Construction in progress 977 604
Furniture and equipment 1,823 1,774
Less accumulated depreciation and amortization (70,544) (66,907)
Total real estate properties, net 308,504 311,416
Cash and cash equivalents 13,504 16,160
Restricted cash 4,807 4,574
Straight-line rent receivable 4,008 4,110
Tenant and accounts receivable, net of allowance of $300 and $374, respectively 2,269 1,690
Derivative assets 364 737
Other assets, net 6,826 6,564
Total Assets 340,282 345,251
Liabilities    
Mortgage and other indebtedness, net (includes $16,688 and $16,911, respectively, at fair value under the fair value option) 246,864 247,050
Accounts payable and accrued liabilities 16,231 15,292
Unamortized intangible lease liabilities, net 277 321
Payables due to related parties 21 48
Deferred revenue 852 841
Total liabilities 264,245 263,552
Commitments and contingencies
Temporary Equity    
Redeemable noncontrolling Fortress preferred interest 101,611 98,356
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, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized, 34,969,632 and 35,037,193 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 350 350
Additional paid in capital 34,405 38,726
Accumulated deficit (51,216) (46,939)
Accumulated other comprehensive loss (241) (1,104)
Total Broad Street Realty, Inc. stockholders' deficit (16,702) (8,967)
Noncontrolling interest (8,872) (7,690)
Total permanent deficit (25,574) (16,657)
Total Liabilities, Temporary Equity and Permanent Equity $ 340,282 $ 345,251