Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Intangible Assets - Additional Information (Details)

v3.24.3
Real Estate and Intangible Assets - Additional Information (Details)
 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 11, 2024
USD ($)
a
Sep. 30, 2024
USD ($)
a
property
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
a
farm
property
Sep. 30, 2023
USD ($)
Dec. 31, 2021
USD ($)
a
contract
Mar. 05, 2024
Dec. 31, 2023
USD ($)
a
Real Estate Properties [Line Items]                
Number of farms | farm       168        
Depreciation expense   $ 8,500,000 $ 9,000,000.0 $ 25,600,000 $ 26,700,000      
Accretion of below-market leases   $ 203,000 42,000 $ 392,000 131,000      
Area of real estate property (in acres) | a   111,836   111,836        
Net gain on sale   $ (832,000) (4,000) $ 6,641,000 5,910,000      
Net gain (loss) of acquiree since acquisition date   $ 28,000 (24,000) $ (143,000) (84,000)      
Area of water | a   53,787   53,787       46,400
Water assets, fair value   $ 36,800,000   $ 36,800,000       $ 34,600,000
Other operating revenue   0 0 453,000 0      
Development in process   1,400,000   1,400,000        
Development in process, deferred   3,300,000   3,300,000        
Lease revenue, net   22,571,000 23,534,000 63,667,000 65,946,000      
Impairment charge   $ 2,106,000 0 $ 2,106,000 0      
Number of impaired properties | property   4   4        
Lease intangibles, at cost                
Real Estate Properties [Line Items]                
Amortization (accretion) expense related to intangible assets   $ 318,000 244,000 $ 838,000 752,000      
Above-Market Lease Values                
Real Estate Properties [Line Items]                
Amortization (accretion) expense related to intangible assets   19,000 19,000 57,000 58,000      
Lease incentives and other deferred revenue, net                
Real Estate Properties [Line Items]                
Amortization (accretion) expense related to intangible assets   (456,000) $ 36,000 201,000 $ 73,000      
Loss from Catastrophes                
Real Estate Properties [Line Items]                
Estimated carrying value of property damaged floods and hurricane   855,000   855,000        
Hurricane                
Real Estate Properties [Line Items]                
Estimated carrying value of property damaged floods and hurricane   $ 275,000   $ 275,000        
Other Various Water Agreements                
Real Estate Properties [Line Items]                
Area of water | a   2,819   2,819        
Water assets, fair value   $ 535,000   $ 535,000        
Farms                
Real Estate Properties [Line Items]                
Number of impaired properties | property   11   11        
Fresno LLC                
Real Estate Properties [Line Items]                
LLC ownership interest       50.00%        
Umatilla LLC                
Real Estate Properties [Line Items]                
LLC ownership interest       20.50%        
Fresno, California And Umatilla, Oregon                
Real Estate Properties [Line Items]                
LLC ownership value   $ 5,600,000   $ 5,600,000       $ 5,800,000
Florida                
Real Estate Properties [Line Items]                
Number of farms | farm       25        
Area of real estate property (in acres) | a 3,748 18,720   18,720        
Sale of unfarmed land $ 65,700,000              
Net gain on sale $ 10,400,000              
Area of water | a   0   0        
Lease revenue, net       $ 9,100,000        
Percentage of total lease revenue       14.30%        
Kern, CA                
Real Estate Properties [Line Items]                
Area of water | a   48,309   48,309        
Water assets, fair value   $ 35,500,000   $ 35,500,000        
Kern, CA | 2022 Acquisitions                
Real Estate Properties [Line Items]                
Number of contracts to purchase banked water | contract           3    
Area of water | a           45,000    
Payments to acquire water systems           $ 2,800,000    
Fresno, CA                
Real Estate Properties [Line Items]                
Area of water | a   5,478   5,478        
Water assets, fair value   $ 753,000   $ 753,000        
Groundwater recharge program, percentage of groundwater credits   50.00%   50.00%     50.00%  
Water credits obtained | a       2,660        
Fresno, CA | Westlands Water District                
Real Estate Properties [Line Items]                
Groundwater recharge program, percentage of groundwater credits             50.00%  
California                
Real Estate Properties [Line Items]                
Number of farms | farm       63        
Area of real estate property (in acres) | a   34,844   34,844        
Area of water | a   53,787   53,787        
Lease revenue, net       $ 43,300,000        
Percentage of total lease revenue       68.10%