10-Q Filing

ELME COMMUNITIES CIK: 104894 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000104894-22-000096`
Period End Date	20220630
Filing Date	20220729
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	wre-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 100 Cash Flow Statement 78 Stockholders Equity 56 Comprehensive Income 16

Balance Sheet 80 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`	$322.62M	USD	Point-in-time
Preferred shares, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Land	`Land`	$373.17M	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`	$1.64B	USD	Point-in-time
Income producing property	`RentalProperties`	$1.88B	USD	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.25B	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
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$1.96B	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$441.11M	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
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$402.56M	USD	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Shares of beneficial interest, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.56B	USD	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.81B	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$30.63M	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$31.22M	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	86.26M	shares	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	87.39M	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`	$1.84B	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	87.39M	shares	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	86.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$595.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$620.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.98M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$15.07M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$16.64M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$32.87M	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`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Notes payable, net	`NotesPayable`	$497.13M	USD	Point-in-time
Notes payable, net	`NotesPayable`	$496.95M	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	-	USD	Point-in-time
Mortgage notes payable, net	`SecuredDebt`	$71.58M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$39.89M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$40.59M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.47M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.65M	USD	Point-in-time
Advance rents	`AdvanceRent`	$1.82M	USD	Point-in-time
Advance rents	`AdvanceRent`	$2.08M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$4.67M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$5.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$558.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$630.78M	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; 87,392 and 86,261 shares issued and outstanding, as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$863.00K	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 150,000 and 100,000 shares authorized; 87,392 and 86,261 shares issued and outstanding, as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$874.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$362.49M	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$408.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.09M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$307.00K	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$302.00K	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`	$1.30B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	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`	$1.93B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Real estate rental revenue	`Revenues`	$41.30M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$81.90M	USD	2 Qtrs
Real estate rental revenue	`Revenues`	$51.38M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$99.18M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$18.75M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$22.31M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$11.75M	USD	1 Quarter
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$9.36M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$10.98M	USD	2 Qtrs
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$5.38M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$13.42M	USD	2 Qtrs
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$6.84M	USD	1 Quarter
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$3.55M	USD	2 Qtrs
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$1.49M	USD	1 Quarter
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$2.95M	USD	2 Qtrs
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$1.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.93M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.33M	USD	1 Quarter
Transformation costs	`TransformationCosts`	$3.78M	USD	2 Qtrs
Transformation costs	`TransformationCosts`	$4.25M	USD	2 Qtrs
Transformation costs	`TransformationCosts`	$3.78M	USD	1 Quarter
Transformation costs	`TransformationCosts`	$2.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.04M	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`	$46.24M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$54.10M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$104.36M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$43.64M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$82.68M	USD	2 Qtrs
Real estate operating loss	`OperatingIncomeLoss`	$-2.34M	USD	1 Quarter
Real estate operating loss	`OperatingIncomeLoss`	$-779.00K	USD	2 Qtrs
Real estate operating loss	`OperatingIncomeLoss`	$-2.72M	USD	1 Quarter
Real estate operating loss	`OperatingIncomeLoss`	$-5.18M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.28M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.81M	USD	2 Qtrs
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	-	USD	2 Qtrs
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	$5.76M	USD	1 Quarter
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	-	USD	1 Quarter
Loss on interest rate derivatives	`DerivativeLossOnDerivative`	$5.76M	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$2.81M	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$386.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$1.52M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.42M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-14.40M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.16M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-23.23M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-8.87M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-16.74M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-16.60M	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-24.01M	USD	2 Qtrs
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	2 Qtrs
Income from operations of properties sold or held for sale	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$15.88M	USD	2 Qtrs
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`	-	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$15.88M	USD	2 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$9.74M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.29	USD	2 Qtrs
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.20	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.10	USD	1 Quarter
Continuing operations, basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.19	USD	2 Qtrs
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.12	USD	1 Quarter
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Discontinued operations, basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.19	USD	2 Qtrs
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	2 Qtrs
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.20	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.10	USD	1 Quarter
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.19	USD	2 Qtrs
Continuing operations, diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.29	USD	2 Qtrs
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.12	USD	1 Quarter
Discontinued operations, diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.19	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.39M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.46M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.44M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.30M	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
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.39M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.30M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$57.19M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.34M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.34M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$4.24M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$3.75M	USD	2 Qtrs
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.01M	USD	2 Qtrs
Net amortization of debt premiums, discounts and related financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.23M	USD	2 Qtrs
Loss on interest rate derivatives	`GainLossOnSaleOfDerivatives`	$-5.76M	USD	2 Qtrs
Loss on interest rate derivatives	`GainLossOnSaleOfDerivatives`	-	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.47M	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.07M	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$8.56M	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-783.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.62M	USD	2 Qtrs
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	-	USD	2 Qtrs
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	$204.43M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$11.39M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$10.37M	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	$659.00K	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	$7.79M	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$642.00K	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$31.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-217.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.20M	USD	2 Qtrs
Line of credit repayments, net	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Line of credit repayments, net	`ProceedsFromLongTermLinesOfCredit`	$1.00M	USD	2 Qtrs
Line of credit repayments, net	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$29.52M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$50.82M	USD	2 Qtrs
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$39.00K	USD	2 Qtrs
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$5.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$7.00K	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$518.00K	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$254.00K	USD	1 Quarter
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$1.01M	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$489.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	$467.00K	USD	2 Qtrs
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	$26.85M	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$335.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.30M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.69M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.26M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-187.45M	USD	2 Qtrs
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`	$6.03M	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`	$46.77M	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`	$6.03M	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`	$46.77M	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`	$9.60M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$-4.70M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$1.21M	USD	2 Qtrs
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$25.47M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.65M	USD	Point-in-time
Mortgage notes payable assumed in connection with the acquisition of real estate	`NotesAssumed1`	$76.55M	USD	2 Qtrs
Mortgage notes payable assumed in connection with the acquisition of real estate	`NotesAssumed1`	-	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$595.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$620.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.22M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.77M	USD	Point-in-time

Stockholders Equity 56 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
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	2 Qtrs
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	1 Quarter
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	2 Qtrs
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	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`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.00M	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.58M	USD	2 Qtrs
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$917.00K	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.84M	USD	2 Qtrs
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	1 Quarter
Loss on interest rate derivatives	`OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossReclassificationAfterTax`	$-5.76M	USD	2 Qtrs
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-509.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$8.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00K	USD	1 Quarter
Dividends	`Dividends`	$29.79M	USD	2 Qtrs
Dividends	`Dividends`	$50.94M	USD	2 Qtrs
Dividends	`Dividends`	$14.90M	USD	1 Quarter
Dividends	`Dividends`	$25.47M	USD	1 Quarter
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	24,000.00	shares	2 Qtrs
Equity issuances, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.03M	shares	2 Qtrs
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$26.85M	USD	2 Qtrs
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$467.00K	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`	10,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	22,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	20,000.00	shares	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`	$254.00K	USD	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$518.00K	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.24M	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$949.00K	USD	1 Quarter
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.20M	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.57M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.14M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.99M	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.00M	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.58M	USD	2 Qtrs
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$917.00K	USD	1 Quarter
Unrealized loss on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.84M	USD	2 Qtrs
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`	$-6.27M	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-6.78M	USD	2 Qtrs
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$281.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-12.74M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.22M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-7.45M	USD	1 Quarter

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