v3.25.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2025
Revenue Recognition.  
Schedule of other revenue disaggregated by revenue

For the three months ended

For the six months ended

June 30,

June 30,

(in thousands)

    

2025

    

2024

    

2025

    

2024

Fixed Farm Rent

$

4,932

$

8,204

$

9,751

$

16,827

Solar, Wind and Recreation Rent

291

623

1,838

1,277

Tenant Reimbursements

 

579

 

679

 

1,182

 

1,400

Variable Rent

 

222

 

33

 

223

 

242

$

6,024

$

9,539

$

12,994

$

19,746

For the three months ended

For the six months ended

June 30,

June 30,

(in thousands)

    

2025

    

2024

    

2025

    

2024

Auction and brokerage fees

$

151

$

89

$

273

$

371

Crop insurance proceeds

35

Property management income

 

209

 

259

 

479

 

488

Other (e.g., interest income)

 

2,137

 

623

 

4,145

 

1,235

$

2,497

$

971

$

4,932

$

2,094

Summary of rental income recognized

Rental income recognized

For the three months ended

For the six months ended

June 30,

June 30,

(in thousands)

    

2025

    

2024

    

2025

    

2024

Leases in effect at the beginning of the year

$

5,553

$

8,233

$

12,222

$

17,369

Leases entered into during the year

 

471

 

1,306

 

772

 

2,377

$

6,024

$

9,539

$

12,994

$

19,746

Schedule of future minimum fixed rent payments from tenants under all non-cancelable leases in place

(in thousands)

    

Future rental

Year Ending December 31,

payments

2025 (remaining six months)

$

10,309

2026

16,504

2027

12,636

2028

 

3,952

2029

3,758

Thereafter

41,093

$

88,252