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Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity - USD ($)
$ in Thousands
Total
Family Office Service ("FOS")
LXi Reit Advisors Limited (“LRA”)
Alvarium Home REIT Advisors Ltd ("AHRA")
Additional paid-in-capital
Additional paid-in-capital
Alvarium Home REIT Advisors Ltd ("AHRA")
Retained earnings (accumulated deficit)
Member Capital
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Family Office Service ("FOS")
Accumulated other comprehensive income (loss)
LXi Reit Advisors Limited (“LRA”)
Non-controlling interest in subsidiaries
Non-controlling interest in subsidiaries
Family Office Service ("FOS")
Non-controlling interest in subsidiaries
LXi Reit Advisors Limited (“LRA”)
Non-controlling interest in subsidiaries
Alvarium Home REIT Advisors Ltd ("AHRA")
Series A Preferred Stock
Series C Preferred Stock
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Shareholders’ Equity                                          
Net income (loss) $ (5,998)             $ (5,885)       $ (113)             $ (1)   $ (5,884)
Other comprehensive income 0                                        
Ending balance (in shares) at Dec. 31, 2022                                     55,388,023   55,032,961
Ending balance at Dec. 31, 2022 1,013,653       $ 434,620   $ (27,946)   $ 0     606,973             $ 6   $ 0
Beginning balance at Dec. 31, 2021 40,021             39,588 0     433             6   39,582
Increase (Decrease) in Partners' Capital [Roll Forward]                                          
Member capital distributions (11,114)             (11,114)                     (1)   (11,113)
Member tax distributions (6,344)             (6,344)                     (1)   (6,343)
Reallocation of book capital as a result of member transactions 2,365             2,365                         2,365
Net income (loss) for the year (5,998)             (5,885)       (113)             (1)   (5,884)
Other comprehensive income (loss) for the year (1,077)               (1,077)                        
Ending balance at Dec. 31, 2022 17,853             $ 18,610 (1,077)     320             $ 3   $ 18,607
Ending balance (in shares) at Dec. 31, 2023                               0 0        
Ending balance at Dec. 31, 2023                               $ 0 $ 0        
Shareholders’ Equity                                          
Issuance of shares to Alvarium Employee Benefit Trust (in shares)                                     2,100,000    
Issuance of shares to Alvarium Employee Benefit Trust 21,000       21,000                                
Net income (loss) (311,215)           (165,584)         (145,631)                  
Currency translation adjustment 20,916           3   9,575     11,338                  
Cancellation of AHRA call option       $ 154                     $ 154            
Other comprehensive income (764)               (420)     (344)                  
Payment for partner’s tax (998)       (998)                                
Deconsolidation       0   $ 28,768                 (28,768)            
Measurement period adjustment       $ (753)   $ (635)                 $ (118)            
Share based compensation 7,937       7,937                                
Issuance of shares for business combination (in shares)                                     339,967    
Issuance of shares for business combination 2,058       2,058                                
TRA Exchange (in shares)                                     1,813,248   (1,813,248)
TRA Exchange 1,025       14,280             (13,255)                  
Issuance of shares - exercise of warrants (in shares)                                     5,469,637    
Issuance of shares - exercise of warrants 29,480       29,479                           $ 1    
Ending balance (in shares) at Dec. 31, 2023                                   65,110,875 65,110,875 53,219,713 53,219,713
Ending balance at Dec. 31, 2023 782,493       536,509   (193,527)   9,155     430,349             $ 7   $ 0
Increase (Decrease) in Partners' Capital [Roll Forward]                                          
Net income (loss) for the year (311,215)           (165,584)         (145,631)                  
Issuance of preferred shares (in shares)                               140,000 150,000        
Issuance of preferred stock, net of issuance costs 280,150                             $ 137,460 $ 142,690        
Preferred share accrued dividend                               $ 5,398 $ 18,118        
Ending balance (in shares) at Dec. 31, 2024                               140,000 150,000        
Ending balance at Dec. 31, 2024                               $ 142,858 $ 160,808        
Shareholders’ Equity                                          
Net income (loss) (174,305)           (103,034)         (71,271)                  
Currency translation adjustment (14,760)               (9,676)     (5,084)                  
Other comprehensive income 119               80     39                  
Payment for partner’s tax (3,271)       (3,271)                                
Deconsolidation   $ (510) $ (1,369)             $ (306) $ (822)   $ (204) $ (547)              
Preferred share accrued dividend         (23,514)                                
Preferred share accrued dividend, including adjustments 2                                        
Share based compensation 17,454       17,454                                
Issuance of shares for business combination 1,025       1,025                                
Shares issued to employees on vesting of equity awards (in shares)                                     2,176,687    
Shares issued to employees on vesting of equity awards (4,037)       (4,037)                                
Class A Common Stock issued to Allianz, net of issuance costs (in shares)                                     19,318,581    
Class A Common Stock issued to Allianz, net of issuance costs 90,424       90,422                           $ 2    
Issuance of Allianz and Constellation Warrants 9,594       9,594                                
TRA Exchange (in shares)                                     7,080,837   (7,080,837)
TRA Exchange (12,814)       28,675             (41,489)                  
Ending balance (in shares) at Dec. 31, 2024                                   93,686,980 93,686,980 46,138,876 46,138,876
Ending balance at Dec. 31, 2024 970,195       $ 652,857   (296,561)   $ (1,569)     311,793             $ 9   $ 0
Increase (Decrease) in Partners' Capital [Roll Forward]                                          
Net income (loss) for the year $ (174,305)           $ (103,034)         $ (71,271)