FINANCIAL RESULTS
Albanese Cormier Holdings, LLC, and Subsidiaries CONSOLIDATED BALANCE SHEET December 31, 2025 and 2024
2025
2024
Assets
Real Estate Land
$
80,577,969 662,596,594 10,937,483 754,112,046 (118,312,686) 635,799,360
$
63,248,875 506,856,086 10,719,287 580,824,248 (106,097,398) 474,726,850
Buildings and improvements
Other
Less accumulated depreciation
Real estate, net
Cash and cash equivalents Accounts receivable, net Deferred rent receivable
10,223,458 2,989,586 4,494,668 1,185,039
11,328,654 3,462,800 4,383,270 1,354,323
Inventory - property held for sale Investment in Vidor Crossroads, LLC
137,035 681,627 798,396
127,179 818,693
Prepaid insurance
Interest rate swap derivative
3,890,259 19,254,044 30,169,735 4,631,544
Intangible assets, net
29,888,615 40,485,253 4,663,076
Available for sale securities
Other assets
Total assets
$ 731,346,113
$ 554,147,351
Liabilities
Debt obligations Accrued liabilities
$ 567,747,281
$ 403,161,184
17,096,188 2,084,359 16,439,305
5,482,324 1,539,068 8,749,143
Tenant security deposits Intangible liabilities, net
Total liabilities
603,367,133
418,931,719
Commitments and contingencies
Members' Capital:
Controlling interest
113,540,377 1,455,555 12,983,048 127,978,980
123,657,351
Noncontrolling interest
1,779,206 9,779,075
Other comprehensive income (loss)
Total capital
135,215,632
Total liabilities and members' capital
$ 731,346,113
$ 554,147,351
The accompanying notes are an integral part of these consolidated financial statements. 2
69 AlbaneseCormier® | 2025 Annual Report
Made with FlippingBook - Share PDF online