10-Q Filing

ELME COMMUNITIES CIK: 104894 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000104894-23-000084`
Period End Date	20230630
Filing Date	20230801
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	elme-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 72 Cash Flow Statement 83 Stockholders Equity 49 Comprehensive Income 16

Balance Sheet 79 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`	$373.17M	USD	Point-in-time
Land	`Land`	$373.11M	USD	Point-in-time
Preferred shares, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Income producing property	`RentalProperties`	$1.90B	USD	Point-in-time
Income producing property	`RentalProperties`	$1.91B	USD	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.28B	USD	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Net income producing property, at cost	`RealEstateInvestmentPropertyAtCost`	$2.27B	USD	Point-in-time
Preferred shares, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$523.15M	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`	$481.59M	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, authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.76B	USD	Point-in-time
Net income producing property	`RealEstateInvestmentPropertyNet`	$1.79B	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	87.53M	shares	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$31.26M	USD	Point-in-time
Properties under development or held for future development	`DevelopmentInProcess`	$31.26M	USD	Point-in-time
Shares of beneficial interest, issued (in shares)	`CommonStockSharesIssued`	87.81M	shares	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.82B	USD	Point-in-time
Total real estate held for investment, net	`RealEstateInvestments`	$1.79B	USD	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	87.81M	shares	Point-in-time
Shares of beneficial interest, outstanding (in shares)	`CommonStockSharesOutstanding`	87.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.55M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.89M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.46M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$15.75M	USD	Point-in-time
Rents and other receivables	`AccountsAndNotesReceivableNet`	$16.35M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$25.73M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$22.71M	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$1.84B	USD	Point-in-time
Total assets	`Assets`	$1.87B	USD	Point-in-time
Notes payable, net	`NotesPayable`	$521.96M	USD	Point-in-time
Notes payable, net	`NotesPayable`	$497.36M	USD	Point-in-time
Line of credit	`LineOfCredit`	$55.00M	USD	Point-in-time
Line of credit	`LineOfCredit`	$24.00M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$36.92M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$34.39M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$15.83M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.93M	USD	Point-in-time
Advance rents	`AdvanceRent`	$2.95M	USD	Point-in-time
Advance rents	`AdvanceRent`	$1.58M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$5.91M	USD	Point-in-time
Tenant security deposits	`SecurityDepositLiability`	$5.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$607.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$608.82M	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 shares authorized; 87,809 and 87,534 shares issued and outstanding, as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$875.00K	USD	Point-in-time
Shares of beneficial interest, $0.01 par value; 150,000 shares authorized; 87,809 and 87,534 shares issued and outstanding, as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$878.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.73B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$490.94M	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$453.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.23M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$294.00K	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$298.00K	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`	$1.23B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.87B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Real estate rental revenue	`Revenues`	$51.38M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$99.18M	USD	2 Qtrs
Real estate rental revenue	`Revenues`	$56.60M	USD	1 Quarter
Real estate rental revenue	`Revenues`	$112.41M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$11.75M	USD	1 Quarter
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$22.31M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$25.76M	USD	2 Qtrs
Property operating and maintenance	`PropertyOperatingAndMaintenance`	$13.36M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$6.89M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$6.84M	USD	1 Quarter
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$13.42M	USD	2 Qtrs
Real estate taxes and insurance	`RealEstateTaxesAndInsurance`	$14.02M	USD	2 Qtrs
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$2.18M	USD	1 Quarter
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$3.55M	USD	2 Qtrs
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$3.95M	USD	2 Qtrs
Property management	`CostsOfGoodsAndServicesSoldPropertyManagement`	$1.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.52M	USD	2 Qtrs
Transformation costs	`TransformationCosts`	$2.45M	USD	1 Quarter
Transformation costs	`TransformationCosts`	$5.35M	USD	2 Qtrs
Transformation costs	`TransformationCosts`	$2.02M	USD	1 Quarter
Transformation costs	`TransformationCosts`	$4.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$21.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$42.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.24M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$105.55M	USD	2 Qtrs
Expenses	`CostsAndExpenses`	$54.10M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$52.98M	USD	1 Quarter
Expenses	`CostsAndExpenses`	$104.36M	USD	2 Qtrs
Real estate operating gain (loss)	`OperatingIncomeLoss`	$-5.18M	USD	2 Qtrs
Real estate operating gain (loss)	`OperatingIncomeLoss`	$-2.72M	USD	1 Quarter
Real estate operating gain (loss)	`OperatingIncomeLoss`	$3.61M	USD	1 Quarter
Real estate operating gain (loss)	`OperatingIncomeLoss`	$6.86M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.62M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.81M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.79M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-54.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$569.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$569.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$386.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.11M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.42M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.22M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
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`	$-0.03	USD	1 Quarter
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`	$-0.07	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.07	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.69M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.74M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.39M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	87.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.30M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.69M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.74M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.39M	shares	1 Quarter

Cash Flow Statement 83 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.24M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.51M	USD	2 Qtrs
Credit losses on lease related receivables	`ProvisionForDoubtfulAccounts`	$1.34M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$2.60M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$4.24M	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`	$2.10M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-54.00K	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-119.00K	USD	2 Qtrs
Changes in operating other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.47M	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-783.00K	USD	2 Qtrs
Changes in operating other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.25M	USD	2 Qtrs
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	$204.43M	USD	2 Qtrs
Real estate acquisitions, net	`PaymentsToAcquireCommercialRealEstate`	-	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$11.39M	USD	2 Qtrs
Capital improvements to real estate	`PaymentsForCapitalImprovements`	$9.89M	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	-	USD	2 Qtrs
Development in progress	`PaymentsToDevelopRealEstateAssets`	$659.00K	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$642.00K	USD	2 Qtrs
Non-real estate capital improvements	`PaymentsToAcquireOtherProductiveAssets`	$293.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.18M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-217.13M	USD	2 Qtrs
Line of credit repayments, net	`RepaymentsOfLinesOfCredit`	$31.00M	USD	2 Qtrs
Line of credit repayments, net	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$29.52M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$30.78M	USD	2 Qtrs
Repayments of unsecured term loan debt	`RepaymentsOfUnsecuredDebt`	$100.00M	USD	2 Qtrs
Repayments of unsecured term loan debt	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	$125.00M	USD	2 Qtrs
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$844.00K	USD	2 Qtrs
Payment of financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$39.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$5.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$4.00K	USD	2 Qtrs
Proceeds from dividend reinvestment program	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$497.00K	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`	$249.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	$26.85M	USD	2 Qtrs
Net proceeds from equity issuances	`ProceedsFromIssuanceOfStock`	-	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.35M	USD	2 Qtrs
Payment of tax withholdings for restricted share awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.48M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.30M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-187.45M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.41M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.77M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.85M	USD	Point-in-time
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`	$7.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.77M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.85M	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`	$7.44M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$9.60M	USD	2 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$10.49M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$1.21M	USD	2 Qtrs
Change in accrued capital improvements and development costs	`ChangeInAccruedCapitalImprovementAndDevelopmentCosts`	$3.40M	USD	2 Qtrs
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.92M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$15.83M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$14.93M	USD	Point-in-time
Mortgage notes payable assumed in connection with the acquisition of real estate	`NotesAssumed1`	-	USD	2 Qtrs
Mortgage notes payable assumed in connection with the acquisition of real estate	`NotesAssumed1`	$76.55M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.55M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.89M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.46M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.77M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.22M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.44M	USD	Point-in-time

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.36	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.34	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-16.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$521.00K	USD	2 Qtrs
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$917.00K	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.84M	USD	2 Qtrs
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$854.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-509.00K	USD	1 Quarter
Amortization of swap settlements	`OtherComprehensiveIncomeLossCashFlowHedgeAmortizationReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.00K	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.00K	USD	2 Qtrs
Dividends	`Dividends`	$14.90M	USD	1 Quarter
Dividends	`Dividends`	$29.79M	USD	2 Qtrs
Dividends	`Dividends`	$15.82M	USD	1 Quarter
Dividends	`Dividends`	$31.68M	USD	2 Qtrs
Equity issuances, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$26.85M	USD	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`	20,000.00	shares	2 Qtrs
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	28,000.00	shares	2 Qtrs
Shares issued under Dividend Reinvestment Program (in shares)	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	14,000.00	shares	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$497.00K	USD	2 Qtrs
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$254.00K	USD	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$249.00K	USD	1 Quarter
Shares issued under Dividend Reinvestment Program	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$518.00K	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.04M	USD	2 Qtrs
Share grants, net of forfeitures and tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.44M	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
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.30B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.32B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	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`	$-6.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$521.00K	USD	2 Qtrs
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$917.00K	USD	1 Quarter
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.84M	USD	2 Qtrs
Unrealized gain on interest rate hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$854.00K	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-1.02M	USD	2 Qtrs
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-509.00K	USD	1 Quarter
Reclassification of unrealized loss on interest rate derivatives to earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-510.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.71M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.25M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.45M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.74M	USD	2 Qtrs

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