Note 11 - Fortress Preferred Equity Investment (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Preferred Equity Investment Activities

The following tables summarize the preferred equity investment activities for the three and six months ended June 30, 2025.


(thousands)	Preferred Equity Investment
Balance at March 31, 2025	$	101,611
Deconsolidation of Eagles Sub-OP		(101,611	)
Balance at June 30, 2025	$	—


(thousands)	Preferred Equity Investment
Balance at December 31, 2024	$	98,356
Preferred equity return		3,497
Preferred equity payment		(1,239	)
Preferred equity accretion		997
Deconsolidation of Eagles Sub-OP		(101,611	)
Balance at June 30, 2025	$	—

The following tables summarize the preferred equity investment activities for the three and six months ended June 30, 2024


(thousands)	Preferred Equity Investment
Balance at March 31, 2024	$	90,536
Preferred equity return		3,084
Preferred equity payment		(1,191	)
Preferred equity accretion		973
Balance at June 30, 2024	$	93,402


(thousands)	Preferred Equity Investment
Balance at December 31, 2023	$	87,288
Preferred equity return		6,106
Preferred equity payment		(2,344	)
Preferred equity accretion		2,352
Balance at June 30, 2024	$	93,402

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

Broad Street Realty, Inc. 10-Q