7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2013-06-30 2013-03-31 
      
    		                    
      real estate investments at cost:
    		                    
      land
    		180,121,000 168,927,000 168,927,000 168,943,000 168,958,000 141,602,000 141,602,000  141,578,000 141,578,000 141,578,000 141,579,000 141,564,000 135,139,000 123,400,000 123,397,000  121,057,000   
      buildings and improvements
    		308,807,000 308,561,000 284,248,000 283,421,000 283,104,000 282,977,000 282,780,000  282,379,000 282,070,000 281,193,000 270,579,000 268,132,000 268,156,000 266,642,000 265,278,000  255,646,000   
      projects under construction
    		29,548,000 16,167,000 34,600,000 32,770,000 29,414,000 22,568,000 16,730,000  4,689,000 2,667,000 2,663,000 12,208,000 13,295,000 11,149,000 10,821,000 8,668,000  11,378,000   
      total investments in properties
    		518,476,000 493,655,000 487,775,000 485,134,000 481,476,000 447,147,000 441,112,000  428,646,000 426,315,000 425,434,000 424,366,000 422,991,000 414,444,000 400,863,000 397,343,000  388,081,000   
      less accumulated depreciation and depletion
    		85,746,000 82,916,000 80,244,000 77,695,000 75,183,000 72,734,000 70,241,000  65,444,000 62,720,000 59,940,000 57,208,000 54,523,000 51,889,000 49,240,000 46,678,000  41,971,000 113,400,000 112,985,000 
      net investments in properties
    		432,730,000 410,739,000 407,531,000 407,439,000 406,293,000 374,413,000 370,871,000  363,202,000 363,595,000 365,494,000 367,158,000 368,468,000 362,555,000 351,623,000 350,665,000  346,110,000   
      real estate held for investment, at cost
    		12,484,000 12,312,000 12,182,000 11,722,000 11,290,000 11,111,000 10,832,000  10,510,000 10,392,000 10,298,000 10,182,000 10,079,000 9,969,000 9,829,000 9,722,000  9,429,000 4,223,000 4,125,000 
      investments in joint ventures
    		143,298,000 139,098,000 148,302,000 153,899,000 157,272,000 161,391,000 164,271,000  154,025,000 152,587,000 144,677,000 140,525,000 147,703,000 139,655,000 143,005,000 145,443,000  144,938,000   
      net real estate investments
    		588,512,000 562,149,000 568,015,000 573,060,000 574,855,000 546,915,000 545,974,000  527,737,000 526,574,000 520,469,000 517,865,000 526,250,000 512,179,000 504,457,000 505,830,000  500,477,000   
      cash and cash equivalents
    		134,853,000 153,167,000 142,932,000 148,620,000 144,681,000 156,929,000 152,484,000  166,028,000 166,537,000 173,299,000 177,497,000 144,783,000 159,262,000 164,523,000 161,521,000 848,978,439,207 138,154,000 742,000 4,527,000 
      cash held in escrow
    		966,000 1,266,000 702,000 1,315,000 981,000 1,491,000 655,000  646,000 823,000 585,000 797,000 582,000 765,000 548,000 752,000  684,000   
      accounts receivable
    		1,560,000 1,586,000 1,285,000 1,352,000 1,826,000 1,827,000 1,397,000  1,683,000 1,472,000 1,333,000 1,166,000 1,530,000 1,423,000 1,105,000 793,000  1,076,000   
      federal and state income taxes receivable
    		961,000 778,000             767,000 1,103,000  3,681,000  587,000 
      unrealized rents
    		1,262,000 1,264,000 1,271,000 1,380,000 1,395,000 1,905,000 1,770,000  1,452,000 1,299,000 937,000 856,000 830,000 806,000 720,000 620,000  445,000 4,603,000 4,434,000 
      deferred costs
    		2,509,000 1,942,000 2,294,000 2,136,000 2,569,000 2,188,000 2,798,000 46,527,380,293,185,000 3,028,000 2,620,000 2,410,000 2,343,000 2,469,000 2,065,000 2,212,000 2,726,000 36,535,428,100 4,092,000   
      other assets
    		637,000 630,000 624,000 622,000 611,000 601,000 595,000  583,000 571,000 566,000 560,000 546,000 540,000 535,000 528,000  514,000 5,267,000 4,709,000 
      total assets
    		731,260,000 722,782,000 717,123,000 728,485,000 726,918,000 711,856,000 705,673,000 46,522,026,343,865,210,000,000,000,000 701,157,000 699,896,000 699,599,000 701,084,000 676,990,000 677,040,000 674,867,000 678,190,000 201,144,465,607,682,980,000 681,252,000 283,517,000 278,304,000 
      liabilities:
    		                    
      secured notes payable
    		185,338,000 180,371,000 178,250,000 178,853,000 178,816,000 178,779,000 178,742,000 107,084,160,007,269,170,000,000 178,668,000 178,631,000 178,594,000 178,557,000 178,520,000 178,483,000 178,446,000 178,409,000 11,670,529,325,035,880 178,334,000   
      accounts payable and accrued liabilities
    		9,365,000 6,739,000 3,251,000 6,026,000 6,060,000 7,303,000 3,829,000  3,689,000 3,153,000 3,169,000 5,971,000 4,720,000 4,815,000 3,810,000 6,137,000  4,976,000   
      other liabilities
    		1,487,000 1,487,000 1,487,000 1,487,000 1,487,000 1,487,000 1,487,000 3,129,013,443,867,000 1,886,000 1,886,000 1,886,000 1,886,000 1,886,000 1,886,000 1,886,000 1,886,000 7,620,162,157,665,370 1,886,000 4,159,000 3,936,000 
      federal and state income taxes payable
    		  1,119,000 611,000 452,000 1,708,000 60,000  704,000 186,000 313,000 18,000 456,000 398,000     748,000  
      deferred revenue
    		2,973,000 2,842,000 2,602,000 2,437,000 2,392,000 762,000 920,000  1,029,000 891,000 201,000 259,000 346,000 223,000 324,000 369,000  461,000   
      deferred income taxes
    		67,655,000 67,655,000 67,655,000 67,688,000 68,356,000 68,356,000 69,456,000  67,903,000 67,903,000 68,013,000 67,960,000 64,180,000 64,180,000 64,047,000 64,047,000  65,379,000 208,000 119,000 
      deferred compensation
    		1,508,000 1,494,000 1,479,000 1,465,000 1,451,000 1,436,000 1,423,000  1,395,000 1,381,000 1,357,000 1,354,000 1,310,000 1,307,000 1,305,000 1,302,000  1,245,000   
      tenant security deposits
    		738,000 780,000 784,000 805,000 801,000 877,000 885,000  889,000 873,000 881,000 868,000 887,000 811,000 819,000 790,000  686,000   
      total liabilities
    		269,064,000 261,368,000 256,627,000 259,372,000 259,815,000 260,708,000 256,802,000  256,163,000 254,904,000 254,414,000 256,873,000 252,305,000 252,103,000 250,637,000 252,940,000  252,967,000   
      commitments and contingencies
    		                    
      equity:
    		                    
      common stock
    		1,911,000 1,911,000 1,909,000 1,905,000 1,903,000 1,903,000 1,900,000  948,000 950,000 950,000 946,000 945,000 945,000 943,000 941,000  941,000   
      capital in excess of par value
    		70,558,000 70,196,000 69,237,000 68,876,000 68,313,000 67,980,000 67,023,000  67,168,000 67,028,000 66,281,000 65,158,000 59,148,000 58,872,000 57,812,000 57,617,000  57,360,000 43,956,000 43,750,000 
      retained earnings
    		355,217,000 354,555,000 353,977,000 352,267,000 350,588,000 349,227,000 347,183,000  343,002,000 342,610,000 342,882,000 342,317,000 339,561,000 339,081,000 338,424,000 337,752,000  337,992,000 140,405,000 137,403,000 
      accumulated other comprehensive income
    		32,000 40,000 47,000 55,000 80,000 22,000 27,000   -712,000 -902,000 -1,276,000 -1,420,000 -1,096,000 -737,000 113,000  268,000 32,000 32,000 
      total shareholders’ equity
    		427,718,000 426,702,000 425,170,000 423,103,000 420,884,000 419,132,000 416,133,000  410,790,000 409,876,000 409,211,000 407,145,000 398,234,000 397,802,000 396,442,000 396,423,000  396,561,000   
      noncontrolling interests
    		34,478,000 34,712,000 35,326,000 46,010,000 46,219,000       37,066,000         
      total equity
    		462,196,000 461,414,000 460,496,000 469,113,000 467,103,000 451,148,000 448,871,000  444,994,000 444,992,000 445,185,000 444,211,000 424,685,000 424,937,000 424,230,000 425,250,000  428,285,000   
      total liabilities and equity
    		731,260,000 722,782,000 717,123,000 728,485,000 726,918,000 711,856,000 705,673,000  701,157,000 699,896,000 699,599,000 701,084,000 676,990,000 677,040,000 674,867,000 678,190,000     
      noncontrolling interest
    		     32,016,000 32,738,000  34,204,000 35,116,000 35,974,000          
      investments in real estate
    		       1,876,163,557,612,815,500,000,000         198,039,442,247,358,100,000    
      cash and restricted cash
    		       7,543,307,613,232,000,000             
      unrealized rents & receivables
    		       67,370,403,127,000         1,892,100,408    
      capital – frp
    		       23,266,977,936,003,436,000,000,000             
      capital – third parties
    		       232,622,642,190,522,180,000,000,000         18,805,125,232,358,023,000    
      total liabilities and capital
    		       46,522,026,343,865,210,000,000,000,000         201,144,465,607,682,980,000    
      assets:
    		                    
      accumulated other comprehensive loss
    		        -328,000            
      investments available for sale at fair value
    		               4,317,000  32,129,000   
      noncontrolling interest mrp
    		            26,451,000 27,135,000 27,788,000 28,827,000  31,724,000   
      capital - frp
    		                5,801,445,503,748,316,000    
      total liabilities and shareholders’ equity
    		                 681,252,000   
      current assets:
    		                    
      accounts receivable (net of allowance for
    		                    
      doubtful accounts of 173 and 129, respectively)
    		                  7,705,000  
      real estate tax refund receivable
    		                  1,604,000 2,352,000 
      inventory of parts and supplies
    		                  951,000 1,013,000 
      prepaid tires on equipment
    		                  1,764,000 1,707,000 
      prepaid taxes and licenses
    		                  265,000 903,000 
      prepaid insurance
    		                  785,000 1,469,000 
      prepaid expenses, other
    		                  97,000 110,000 
      real estate held for sale, at cost
    		                  7,138,000 7,050,000 
      total current assets
    		                  21,259,000 26,726,000 
      property, plant and equipment, at cost
    		                  347,115,000 342,671,000 
      net property, plant and equipment
    		                  233,715,000 229,686,000 
      investment in joint ventures
    		                  13,363,000  
      goodwill
    		                  1,087,000 1,087,000 
      liabilities and shareholders' equity
    		                    
      current liabilities:
    		                    
      accounts payable
    		                  5,527,000 3,660,000 
      accrued payroll and benefits
    		                  5,174,000 4,372,000 
      accrued insurance
    		                  1,721,000 1,916,000 
      accrued liabilities, other
    		                  1,002,000 1,075,000 
      long-term debt due within one year
    		                  4,557,000 5,375,000 
      total current liabilities
    		                  18,729,000 16,517,000 
      long-term debt, less current portion
    		                  53,998,000 54,419,000 
      shareholders' equity:
    		                    
      preferred stock, no par value;
    		                    
      5,000,000 shares authorized; none issued
    		                    
      25,000,000 shares authorized,
    		                    
      9,552,220 and 9,440,620 shares issued
    		                    
      and outstanding, respectively
    		                  955,000 954,000 
      total shareholders' equity
    		                  185,348,000 182,139,000 
      total liabilities and shareholders' equity
    		                  283,517,000 278,304,000 
      see accompanying notes
    		                    
      doubtful accounts of 156 and 129, respectively)
    		                   7,008,000 
      investment in joint venture
    		                   7,537,000 
      9,544,720 and 9,440,620 shares issued
    		                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.