Note 4 - Leases |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||
Lessee, Operating Leases [Text Block] |
As a Lessor. At September 30, 2022, minimum lease payments owed to us for each of the five succeeding years under noncancelable operating leases, are as follows (in thousands):
(1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases and exclude reimbursements of operating expenses and rental increases that are not fixed.
As a Lessee. In periods before August 2022, we leased office space under leases from Whitestone REIT Operating Partnership, L.P. (“Whitestone OP”), a subsidiary and the operating partnership of Whitestone REIT (“Whitestone”), both of which are related parties to Pillarstone and Pillarstone OP.
Total rent expense for the three and nine months ended September 30, 2022 was $0 and $11 thousand, respectively. Total rent expense for the three and nine months ended September 30, 2021 was ($6) thousand and $11 thousand, respectively.
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