10-Q Filing

ELME COMMUNITIES CIK: 104894 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000104894-18-000041`
Period End Date	20180331
Filing Date	20180501
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	wre-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 38 Cash Flow Statement 76 Stockholders Equity 13 Comprehensive Income 10

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Rents and other receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$2.43M	USD	Point-in-time
Rents and other receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$2.54M	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$614.66M	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$588.02M	USD	Point-in-time
Income producing property	`RentalProperties`	$2.21B	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Income producing property	`RentalProperties`	$2.11B	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Real estate investment property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.70B	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Real estate investment property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.83B	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$698.45M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$683.69M	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Net income producing property	`RealEstateInvestments`	$2.02B	USD	Point-in-time
Net income producing property	`RealEstateInvestments`	$2.13B	USD	Point-in-time
Shares of beneficial interest, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Shares of beneficial interest, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$54.42M	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$61.71M	USD	Point-in-time
Shares of beneficial interest, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Shares of beneficial interest, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Real Estate Investment Property, Net	`RealEstateInvestmentPropertyNet`	$2.07B	USD	Point-in-time
Shares of beneficial interest, shares issued (in shares)	`CommonStockSharesIssued`	78.51M	shares	Point-in-time
Real Estate Investment Property, Net	`RealEstateInvestmentPropertyNet`	$2.19B	USD	Point-in-time
Shares of beneficial interest, shares issued (in shares)	`CommonStockSharesIssued`	78.64M	shares	Point-in-time
Investment in real estate sold or held for sale, net	`RealEstateHeldforsale`	$93.05M	USD	Point-in-time
Investment in real estate sold or held for sale, net	`RealEstateHeldforsale`	$68.53M	USD	Point-in-time
Shares of beneficial interest, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.64M	shares	Point-in-time
Shares of beneficial interest, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.51M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.47M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.78M	USD	Point-in-time
Rents and other receivables, net of allowance for doubtful accounts of $2,539 and $2,426, respectively	`AccountsAndNotesReceivableNet`	$71.50M	USD	Point-in-time
Rents and other receivables, net of allowance for doubtful accounts of $2,539 and $2,426, respectively	`AccountsAndNotesReceivableNet`	$69.77M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$125.09M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$148.09M	USD	Point-in-time
Other assets related to properties sold or held for sale	`DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets`	$2.23M	USD	Point-in-time
Other assets related to properties sold or held for sale	`DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets`	$10.68M	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Total assets	`Assets`	$2.25B	USD	Point-in-time
Notes payable, net	`NotesPayable`	$894.36M	USD	Point-in-time
Notes payable, net	`NotesPayable`	$994.42M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$93.99M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$95.14M	USD	Point-in-time
Lines of credit	`LineOfCredit`	$166.00M	USD	Point-in-time
Lines of credit	`LineOfCredit`	$260.00M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$61.56M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$64.82M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$23.58M	USD	Point-in-time
Advance rents	`AdvanceRent`	$12.44M	USD	Point-in-time
Advance rents	`AdvanceRent`	$12.49M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$9.15M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$9.47M	USD	Point-in-time
Liabilities related to properties sold or held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$2.38M	USD	Point-in-time
Liabilities related to properties sold or held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$1.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.44B	USD	Point-in-time
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 100,000 shares authorized; 78,636 and 78,510 shares issued and outstanding, respectively	`CommonStockValue`	$786.00K	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 100,000 shares authorized; 78,636 and 78,510 shares issued and outstanding, respectively	`CommonStockValue`	$785.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.48B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.49B	USD	Point-in-time
Distributions in excess of net income	`RetainedEarningsAccumulatedDeficit`	$-399.21M	USD	Point-in-time
Distributions in excess of net income	`RetainedEarningsAccumulatedDeficit`	$-419.63M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$9.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$13.48M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.09B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$365.00K	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$362.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Real estate rental revenue	`RealEstateRevenueNet`	$84.88M	USD	1 Quarter
Real estate rental revenue	`RealEstateRevenueNet`	$77.50M	USD	1 Quarter
Real estate expenses	`CostOfRealEstateRevenue`	$27.86M	USD	1 Quarter
Real estate expenses	`CostOfRealEstateRevenue`	$29.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.82M	USD	1 Quarter
Real estate impairment	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Real estate impairment	`ImpairmentOfRealEstate`	$1.89M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$67.58M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$59.56M	USD	1 Quarter
Real estate operating income	`OperatingIncomeLoss`	$17.30M	USD	1 Quarter
Real estate operating income	`OperatingIncomeLoss`	$17.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.40M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.18M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.33M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.01M	USD	1 Quarter
Net income	`ProfitLoss`	$3.30M	USD	1 Quarter
Net income	`ProfitLoss`	$6.62M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to the controlling interests	`NetIncomeLoss`	$3.30M	USD	1 Quarter
Net income attributable to the controlling interests	`NetIncomeLoss`	$6.63M	USD	1 Quarter
Basic net income attributable to the controlling interests per common share (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic net income attributable to the controlling interests per common share (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted net income attributable to the controlling interests per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted net income attributable to the controlling interests per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.48M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	74.85M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.55M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.97M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.30M	USD	1 Quarter
Net income	`ProfitLoss`	$6.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.97M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$176.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$183.00K	USD	1 Quarter
Real estate impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.89M	USD	1 Quarter
Real estate impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.54M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.15M	USD	1 Quarter
Amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$477.00K	USD	1 Quarter
Amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$446.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.18M	USD	1 Quarter
Changes in operating other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.37M	USD	1 Quarter
Changes in operating other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.26M	USD	1 Quarter
Changes in operating other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-475.00K	USD	1 Quarter
Changes in operating other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.65M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.70M	USD	1 Quarter
Real estate acquisitions, net	`PaymentsToAcquireRealEstate`	$106.40M	USD	1 Quarter
Real estate acquisitions, net	`PaymentsToAcquireRealEstate`	-	USD	1 Quarter
Net cash received for sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$78.48M	USD	1 Quarter
Net cash received for sale of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	-	USD	1 Quarter
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$7.84M	USD	1 Quarter
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$11.44M	USD	1 Quarter
Development in progress	`PaymentsToDevelopRealEstateAssets`	$2.52M	USD	1 Quarter
Development in progress	`PaymentsToDevelopRealEstateAssets`	$4.75M	USD	1 Quarter
Real estate deposits, net	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	-	USD	1 Quarter
Real estate deposits, net	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$5.00M	USD	1 Quarter
Non-real estate capital improvements	`PaymentsToAcquireProductiveAssets`	$172.00K	USD	1 Quarter
Non-real estate capital improvements	`PaymentsToAcquireProductiveAssets`	$575.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.69M	USD	1 Quarter
Line of credit borrowings, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$94.00M	USD	1 Quarter
Line of credit borrowings, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$47.30M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$45.02M	USD	1 Quarter
Principal payments mortgage notes payable	`RepaymentsOfSecuredDebt`	$136.31M	USD	1 Quarter
Principal payments mortgage notes payable	`RepaymentsOfSecuredDebt`	$50.35M	USD	1 Quarter
Repayments of unsecured term loan debt	`RepaymentsOfUnsecuredDebt`	-	USD	1 Quarter
Repayments of unsecured term loan debt	`RepaymentsOfUnsecuredDebt`	$150.00M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$50.00M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$250.00M	USD	1 Quarter
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$5.41M	USD	1 Quarter
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$234.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$3.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$36.00K	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromOtherEquity`	$1.11M	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromOtherEquity`	$717.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$29.96M	USD	1 Quarter
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$296.00K	USD	1 Quarter
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$585.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.15M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.40M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.36M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-978.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.62M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.64M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$5.92M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$7.42M	USD	1 Quarter
Change in accrued capital improvements and development costs	`CapitalExpendituresIncurredButNotYetPaid`	$2.67M	USD	1 Quarter
Change in accrued capital improvements and development costs	`CapitalExpendituresIncurredButNotYetPaid`	$438.00K	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.47M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.78M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time
Net income attributable to the controlling interests	`NetIncomeLoss`	$3.30M	USD	1 Quarter
Net income attributable to the controlling interests	`NetIncomeLoss`	$6.63M	USD	1 Quarter
Net loss attributable to the noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00K	USD	1 Quarter
Net loss attributable to the noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Unrealized gain on interest rate hedge	`OtherComprehensiveIncomeLossNetOfTax`	$4.07M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.00K	USD	1 Quarter
Dividends	`Dividends`	$23.72M	USD	1 Quarter
Shares issued under dividend reinvestment program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$717.00K	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.07M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.30M	USD	1 Quarter
Net income	`ProfitLoss`	$6.62M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$735.00K	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$4.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$7.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$7.35M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00K	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to the controlling interests	`ComprehensiveIncomeNetOfTax`	$7.37M	USD	1 Quarter
Comprehensive income attributable to the controlling interests	`ComprehensiveIncomeNetOfTax`	$7.36M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.