10-Q Filing

ELME COMMUNITIES CIK: 104894 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0000104894-21-000077`
Period End Date	20210630
Filing Date	20210803
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	wre-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 96 Cash Flow Statement 87 Stockholders Equity 54 Comprehensive Income 16

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$301.71M	USD	Point-in-time
Land	`Land`	$301.71M	USD	Point-in-time
Preferred shares, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred shares, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Income producing property	`RentalProperties`	$1.49B	USD	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Income producing property	`RentalProperties`	$1.47B	USD	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$1.78B	USD	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$1.79B	USD	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Shares of beneficial interest, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$335.01M	USD	Point-in-time
Shares of beneficial interest, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$367.52M	USD	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.44B	USD	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.43B	USD	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	84.59M	shares	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$36.49M	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$30.07M	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	84.41M	shares	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.46B	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	84.41M	shares	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.48B	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	84.59M	shares	Point-in-time
Investment in real estate held for sale, net	`DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent`	$795.69M	USD	Point-in-time
Investment in real estate held for sale, net	`DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent`	$779.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$593.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$595.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$630.00K	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$9.72M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$12.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$29.59M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$28.30M	USD	Point-in-time
Other assets related to properties held for sale	`DisposalGroupIncludingDiscontinuedOperationOtherAssets`	$86.81M	USD	Point-in-time
Other assets related to properties held for sale	`DisposalGroupIncludingDiscontinuedOperationOtherAssets`	$90.00M	USD	Point-in-time
Total assets	`Assets`	$2.54B	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Total assets	`Assets`	$2.41B	USD	Point-in-time
Notes payable, net	`NotesPayable`	$945.37M	USD	Point-in-time
Notes payable, net	`NotesPayable`	$945.90M	USD	Point-in-time
Line of credit	`LineOfCredit`	$42.00M	USD	Point-in-time
Line of credit	`LineOfCredit`	$43.00M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$47.90M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$44.07M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.47M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.36M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$24.76M	USD	Point-in-time
Advance rents	`AdvanceRent`	$1.57M	USD	Point-in-time
Advance rents	`AdvanceRent`	$2.46M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$4.37M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$4.22M	USD	Point-in-time
Other liabilities related to properties held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$23.75M	USD	Point-in-time
Other liabilities related to properties held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$25.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09B	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; 150,000 and 100,000 shares authorized; 84,590 and 84,409 shares issued and outstanding, as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$844.00K	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 150,000 and 100,000 shares authorized; 84,590 and 84,409 shares issued and outstanding, as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$846.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.65B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.65B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$298.86M	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$357.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.20M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$322.00K	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$314.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.41B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Real estate rental revenue	`Revenues`	$81.90M	USD	2 Qtrs
Real estate rental revenue	`Revenues`	$89.50M	USD	2 Qtrs
Real estate rental revenue	`Revenues`	$43.76M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$41.30M	USD	1 Quarter
Real estate expenses	`CostOfGoodsAndServicesSold`	$32.68M	USD	2 Qtrs
Real estate expenses	`CostOfGoodsAndServicesSold`	$16.59M	USD	1 Quarter
Real estate expenses	`CostOfGoodsAndServicesSold`	$34.05M	USD	2 Qtrs
Real estate expenses	`CostOfGoodsAndServicesSold`	$16.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.29M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.62M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.63M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.33M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.93M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.30M	USD	1 Quarter
Transformation costs	`TransformationCosts`	-	USD	2 Qtrs
Transformation costs	`TransformationCosts`	$3.78M	USD	1 Quarter
Transformation costs	`TransformationCosts`	-	USD	1 Quarter
Transformation costs	`TransformationCosts`	$3.78M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$39.26M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$82.68M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$43.64M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$80.30M	USD	2 Qtrs
Loss on sale of real estate	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	1 Quarter
Loss on sale of real estate	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-7.54M	USD	2 Qtrs
Loss on sale of real estate	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	2 Qtrs
Loss on sale of real estate	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-7.54M	USD	1 Quarter
Real estate operating income	`OperatingIncomeLoss`	$-3.04M	USD	1 Quarter
Real estate operating income	`OperatingIncomeLoss`	$-779.00K	USD	2 Qtrs
Real estate operating income	`OperatingIncomeLoss`	$-2.34M	USD	1 Quarter
Real estate operating income	`OperatingIncomeLoss`	$1.66M	USD	2 Qtrs
Interest expense	`InterestExpense`	$19.60M	USD	2 Qtrs
Interest expense	`InterestExpense`	$10.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.75M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.28M	USD	2 Qtrs
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$262.00K	USD	2 Qtrs
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-206.00K	USD	1 Quarter
(Loss) gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	-	USD	1 Quarter
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	$5.76M	USD	1 Quarter
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	$5.76M	USD	2 Qtrs
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$2.81M	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.52M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-19.33M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.96M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.40M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-23.23M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-11.99M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-17.67M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-24.01M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-16.74M	USD	1 Quarter
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$9.74M	USD	1 Quarter
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$6.59M	USD	1 Quarter
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$13.98M	USD	2 Qtrs
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$15.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69M	USD	2 Qtrs
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.22	USD	2 Qtrs
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.15	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.20	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.29	USD	2 Qtrs
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.12	USD	1 Quarter
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.17	USD	2 Qtrs
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.19	USD	2 Qtrs
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.08	USD	1 Quarter
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	2 Qtrs
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.15	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.29	USD	2 Qtrs
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.22	USD	2 Qtrs
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.20	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.19	USD	2 Qtrs
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.08	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.12	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.17	USD	2 Qtrs
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.15M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.12M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.44M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.46M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.15M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.12M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.44M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.46M	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$57.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.32M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.34M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$2.27M	USD	2 Qtrs
Loss on sale of real estate	`GainLossOnSaleOfProperties`	$-7.54M	USD	2 Qtrs
Loss on sale of real estate	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$3.75M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$3.78M	USD	2 Qtrs
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.23M	USD	2 Qtrs
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.31M	USD	2 Qtrs
Loss on interest rate derivatives	`GainLossOnSaleOfDerivatives`	$-5.76M	USD	2 Qtrs
Loss on interest rate derivatives	`GainLossOnSaleOfDerivatives`	-	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$262.00K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-206.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.48M	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.07M	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-14.61M	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$8.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.18M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.62M	USD	2 Qtrs
Net cash received for sale of real estate	`ProceedsFromSaleOfPropertyHeldForSale`	-	USD	2 Qtrs
Net cash received for sale of real estate	`ProceedsFromSaleOfPropertyHeldForSale`	$56.35M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$10.37M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$25.45M	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	$7.79M	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	$18.65M	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$124.00K	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$31.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.20M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.13M	USD	2 Qtrs
Line of credit borrowings, net	`ProceedsFromLongTermLinesOfCredit`	$125.00M	USD	2 Qtrs
Line of credit borrowings, net	`ProceedsFromLongTermLinesOfCredit`	$1.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$50.82M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$49.48M	USD	2 Qtrs
Principal payments mortgage notes payable	`RepaymentsOfSecuredDebt`	-	USD	2 Qtrs
Principal payments mortgage notes payable	`RepaymentsOfSecuredDebt`	$46.57M	USD	2 Qtrs
Repayments of unsecured notes payable	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Repayments of unsecured notes payable	`RepaymentsOfUnsecuredDebt`	$250.00M	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	$150.00M	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Payment of Financing and Stock Issuance Costs	`PaymentOfFinancingAndStockIssuanceCosts`	$560.00K	USD	2 Qtrs
Payment of Financing and Stock Issuance Costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$7.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$7.00K	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$1.01M	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$1.06M	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$144.00K	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$489.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$1.24M	USD	2 Qtrs
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$467.00K	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$335.00K	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$150.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.69M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.46M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.15M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.26M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.75M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$12.04M	USD	2 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$21.38M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$3.69M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$-4.70M	USD	2 Qtrs
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.47M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.36M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$24.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$593.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$595.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$630.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.75M	USD	Point-in-time

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69M	USD	2 Qtrs
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.00M	USD	1 Quarter
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.58M	USD	2 Qtrs
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.79M	USD	1 Quarter
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-36.36M	USD	2 Qtrs
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	2 Qtrs
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-509.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	-	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	-	USD	2 Qtrs
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$7.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$8.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00K	USD	1 Quarter
Dividends	`Dividends`	$25.47M	USD	1 Quarter
Dividends	`Dividends`	$24.76M	USD	1 Quarter
Dividends	`Dividends`	$49.58M	USD	2 Qtrs
Dividends	`Dividends`	$50.94M	USD	2 Qtrs
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	24,000.00	shares	2 Qtrs
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	47,000.00	shares	2 Qtrs
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$467.00K	USD	2 Qtrs
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$1.24M	USD	2 Qtrs
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	45,000.00	shares	2 Qtrs
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	41,000.00	shares	2 Qtrs
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	22,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	6,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.06M	USD	2 Qtrs
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.01M	USD	2 Qtrs
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$489.00K	USD	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$144.00K	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.24M	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.83M	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.57M	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.23M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.69M	USD	2 Qtrs
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.00M	USD	1 Quarter
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.58M	USD	2 Qtrs
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.79M	USD	1 Quarter
Unrealized gain (loss) on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-36.36M	USD	2 Qtrs
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	2 Qtrs
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-6.27M	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-6.78M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.22M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$281.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-40.04M	USD	2 Qtrs

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