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Leases

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

5. LEASES

Information as Lessor Under ASC Topic 842

To generate positive cash flow, as a lessor, the Trust leases its facilities to tenants in exchange for payments. The Trust’s leases for its railroad, solar farms and greenhouse cultivation facilities have an average lease term ranging between 20 and 99 years. Payments from the Trust’s leases are recognized on a straight-line basis over the terms of the respective leases. Total revenue from its leases recognized for the nine months ended September 30, 2020 is approximately $2,808,000.

The aggregate annual cash to be received by the Trust on all leases related to its portfolio as of September 30, 2020 is as follows for the subsequent years ended December 31:

		Total
2020 (three months remaining)		$	786,855
2021			6,474,472
2022			7,472,013
2023			7,016,607
2024			4,559,310
Thereafter			88,549,223
Total		$	114,858,480

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- References

No definition available.

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- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

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