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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2025

Revenue Recognition.

Schedule of other revenue disaggregated by revenue

​

​	​	​	​	​	​	​
​	​	For the years ended
​	​	December 31,
(in thousands)	​ ​ ​	2025		​ ​ ​	​	2024
Fixed Farm Rent	​	$	19,458	​	$	32,236
Solar, Wind and Recreation Rent	​	​	2,747	​	​	2,617
Tenant Reimbursements	​		2,343	​		2,714
Variable Rent	​		11,381	​		9,552
​	​	$	35,929	​	$	47,119

​

​	​	​	​	​	​	​
​	​	For the years ended
​	​	December 31,
(in thousands)	​ ​ ​	2025		​ ​ ​	​	2024
Auction and brokerage fees	​	$	332	​	$	1,382
Crop insurance proceeds	​	​	583	​	​	821
Property management income	​		793	​		1,009
Interest income	​	​	5,943	​		2,315
Amortization of points income	​	​	2,522	​	​	341
Other	​		555	​		212
​	​	$	10,728	​	$	6,080

​

Summary of rental income recognized

​

​	​	​	​	​	​	​
​	Rental income recognized
​	​	For the years ended
​	​	December 31,
(in thousands)	​ ​ ​	2025		​ ​ ​	​	2024
Leases in effect at the beginning of the year	​	$	33,746	​	$	40,978
Leases entered into during the year	​		2,183	​		6,141
​	​	$	35,929	​	$	47,119

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
2026	​	​	​	​	$	19,626
2027	​	​	​	​	​	12,186
2028	​	​	​	​		4,260
2029	​	​	​	​	​	3,758
2030	​	​	​	​	​	3,559
Thereafter	​	​	​	​	​	37,534
​	​	​	​	​	$	80,923

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+ References

No definition available.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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