10-Q Filing

ELME COMMUNITIES CIK: 104894 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000104894-22-000062`
Period End Date	20220331
Filing Date	20220428
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	wre-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 48 Cash Flow Statement 71 Stockholders Equity 30 Comprehensive Income 8

Balance Sheet 76 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
Preferred shares, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Land	`Land`	$322.62M	USD	Point-in-time
Land	`Land`	$340.05M	USD	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`	$1.73B	USD	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Income producing property	`RentalProperties`	$1.64B	USD	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.07B	USD	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$1.96B	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
Shares of beneficial interest, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$421.66M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$402.56M	USD	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.56B	USD	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.65B	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	86.26M	shares	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$30.63M	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	87.41M	shares	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$31.16M	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	86.26M	shares	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.59B	USD	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.68B	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	87.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$636.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$576.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$620.00K	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$16.12M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$15.07M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$37.39M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$33.87M	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Total assets	`Assets`	$2.38B	USD	Point-in-time
Total assets	`Assets`	$1.88B	USD	Point-in-time
Notes payable, net	`NotesPayable`	$496.95M	USD	Point-in-time
Notes payable, net	`NotesPayable`	$497.09M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$40.59M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$33.18M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.65M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.42M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Advance rents	`AdvanceRent`	$1.46M	USD	Point-in-time
Advance rents	`AdvanceRent`	$2.08M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$4.82M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$4.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$558.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$551.48M	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; 87,414 and 86,261 shares issued and outstanding, as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$874.00K	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 150,000 and 100,000 shares authorized; 87,414 and 86,261 shares issued and outstanding, as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$863.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$385.11M	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$362.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.66M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$305.00K	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$307.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.88B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Real estate rental revenue	`Revenues`	$47.80M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$40.61M	USD	1 Quarter
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$9.39M	USD	1 Quarter
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$10.56M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$6.59M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$5.60M	USD	1 Quarter
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$1.46M	USD	1 Quarter
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$1.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.94M	USD	1 Quarter
Transformation costs	`TransformationCosts`	-	USD	1 Quarter
Transformation costs	`TransformationCosts`	$2.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.20M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$50.26M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$39.05M	USD	1 Quarter
Real estate operating (loss) income	`OperatingIncomeLoss`	$-2.46M	USD	1 Quarter
Real estate operating (loss) income	`OperatingIncomeLoss`	$1.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.65M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.28M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$386.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.84M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.26M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-7.72M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-7.28M	USD	1 Quarter
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$6.13M	USD	1 Quarter
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$6.13M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.09	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.09	USD	1 Quarter
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.07	USD	1 Quarter
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.09	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.09	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.07	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.21M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.41M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.21M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.41M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.64M	USD	1 Quarter
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.04M	USD	1 Quarter
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$410.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.66M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.08M	USD	1 Quarter
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.00M	USD	1 Quarter
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.11M	USD	1 Quarter
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.62M	USD	1 Quarter
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$735.00K	USD	1 Quarter
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-8.58M	USD	1 Quarter
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$6.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.65M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.24M	USD	1 Quarter
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	$104.57M	USD	1 Quarter
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	-	USD	1 Quarter
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$4.03M	USD	1 Quarter
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$4.00M	USD	1 Quarter
Development in progress	`PaymentsToDevelopRealEstateAssets`	$595.00K	USD	1 Quarter
Development in progress	`PaymentsToDevelopRealEstateAssets`	$4.16M	USD	1 Quarter
Real estate deposits, net	`PaymentsForDepositsOnRealEstateAcquisitions`	$5.33M	USD	1 Quarter
Real estate deposits, net	`PaymentsForDepositsOnRealEstateAcquisitions`	-	USD	1 Quarter
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$32.00K	USD	1 Quarter
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$7.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.20M	USD	1 Quarter
Line of credit repayments, net	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Line of credit repayments, net	`RepaymentsOfLongTermLinesOfCredit`	$9.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$14.62M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$25.40M	USD	1 Quarter
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	1 Quarter
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$39.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$2.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$4.00K	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$264.00K	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$520.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	$467.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	$26.85M	USD	1 Quarter
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$334.00K	USD	1 Quarter
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$451.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.01M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.75M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.87M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.71M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.22M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.22M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.35M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$8.56M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$4.34M	USD	1 Quarter
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$1.15M	USD	1 Quarter
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$-3.84M	USD	1 Quarter
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.65M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.42M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$636.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$576.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$620.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.22M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.35M	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-7.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.58M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.93M	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00K	USD	1 Quarter
Dividends	`Dividends`	$14.89M	USD	1 Quarter
Dividends	`Dividends`	$25.46M	USD	1 Quarter
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.03M	shares	1 Quarter
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	24,000.00	shares	1 Quarter
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$467.00K	USD	1 Quarter
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$26.85M	USD	1 Quarter
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	10,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	23,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$264.00K	USD	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$520.00K	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.33M	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.25M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.58M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.93M	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$943.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-5.29M	USD	1 Quarter

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