v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS (a)    
Property $ 58,806 $ 57,638
Accumulated depreciation (11,614) (10,412)
Total real estate assets 47,192 47,226
Cash and cash equivalents 2,436 5,151
Escrows and utility deposits 1,901 1,419
Accrued rents and accounts receivable, net of allowance for doubtful accounts 912 1,015
Unamortized lease commissions and deferred legal cost, net 334 295
Prepaid expenses and other assets 321 137
Total assets 53,361 55,507
Liabilities:    
Notes Payable Excluding Convertible Notes Payable 14,654 14,642
Convertible notes payable 198 198
Accrued interest payable 157 203
Tenants' security deposits 772 751
Total liabilities 18,526 17,716
Commitments and Contingencies  
Equity:    
Common Shares - $0.01 par value, 400,000,000 authorized: 695,214 shares issued and 657,084 outstanding at September 30, 2023 and December 31, 2022 7 7
Additional paid-in capital 28,493 28,493
Accumulated deficit (23,928) (23,442)
Treasury stock, at cost, 38,130 shares (801) (801)
Total Pillarstone Capital REIT shareholders' equity 3,776 4,262
Noncontrolling interest in subsidiary 31,059 33,529
Total equity 34,835 37,791
Total liabilities and equity 53,361 55,507
Series A Preferred Stock [Member]    
Equity:    
Preferred Stock 3 3
Series C Preferred Stock [Member]    
Equity:    
Preferred Stock 2 2
Nonrelated Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 912 1,015
Liabilities:    
Accounts payable and accrued expenses 2,745 1,922
Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 265 264
Liabilities:    
Convertible notes payable 150 150
Accrued interest payable 118 107
Variable Interest Entity, Not Primary Beneficiary [Member]    
ASSETS (a)    
Property 58,803 57,635
Accumulated depreciation (11,611) (10,409)
Total real estate assets 47,192 47,226
Cash and cash equivalents 2,323 5,127
Escrows and utility deposits 1,901 1,419
Unamortized lease commissions and deferred legal cost, net 334 295
Prepaid expenses and other assets 302 65
Total assets 53,186 55,423
Liabilities:    
Accrued interest payable 1 63
Tenants' security deposits 772 751
Total liabilities 17,908 16,981
Notes payable 14,654 14,642
Variable Interest Entity, Not Primary Beneficiary [Member] | Nonrelated Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 912 1,027
Liabilities:    
Accounts payable and accrued expenses 2,481 1,525
Variable Interest Entity, Not Primary Beneficiary [Member] | Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts $ 222 $ 264