10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000908311-23-000036 |
| Period End Date | 20230331 |
| Filing Date | 20230505 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | cmct-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Temporary equity, par value (in usd per share) |
TemporaryEquityParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Temporary equity, par value (in usd per share) |
TemporaryEquityParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$502.01M | USD | Point-in-time |
| Temporary equity, shares authorized (in shares) |
TemporaryEquitySharesAuthorized
|
35.25M | shares | Point-in-time |
| Temporary equity, shares authorized (in shares) |
TemporaryEquitySharesAuthorized
|
35.25M | shares | Point-in-time |
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$715.85M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestmentsFairValueDisclosure
|
$28.38M | USD | Point-in-time |
| Investments in unconsolidated entities |
EquityMethodInvestmentsFairValueDisclosure
|
$12.38M | USD | Point-in-time |
| Temporary equity, shares issued (in shares) |
TemporaryEquitySharesIssued
|
693,741.00 | shares | Point-in-time |
| Temporary equity, shares issued (in shares) |
TemporaryEquitySharesIssued
|
302,136.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.19M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.49M | USD | Point-in-time |
| Temporary equity, shares outstanding (in shares) |
TemporaryEquitySharesOutstanding
|
693,741.00 | shares | Point-in-time |
| Temporary equity, shares outstanding (in shares) |
TemporaryEquitySharesOutstanding
|
302,136.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.05M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$13.57M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$24.34M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.29M | USD | Point-in-time |
| Temporary equity, liquidation preference per share (in usd per share) |
TemporaryEquityLiquidationPreferencePerShare
|
$25.00 | USD | Point-in-time |
| Temporary equity, liquidation preference per share (in usd per share) |
TemporaryEquityLiquidationPreferencePerShare
|
$25.00 | USD | Point-in-time |
| Loans receivable, net (Note 5) |
NotesReceivableNet
|
$62.44M | USD | Point-in-time |
| Loans receivable, net (Note 5) |
NotesReceivableNet
|
$62.55M | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$7.98M | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$3.78M | USD | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$37.54M | USD | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$33.89M | USD | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$27.59M | USD | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$4.46M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$34.59M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$10.05M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$957.56M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$690.25M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
22.74M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
22.74M | shares | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$184.27M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$520.75M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$31.45M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$107.22M | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$20.00K | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$234.00K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.88M | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$3.15M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$15.74M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$17.86M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$312.52M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$572.04M | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 35,246,719 shares authorized; 302,136 and 302,136 shares issued and outstanding, respectively, as of March 31, 2023 and 693,741 and 693,741 shares issued and outstanding, respectively, as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$6.83M | USD | Point-in-time |
| REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 35,246,719 shares authorized; 302,136 and 302,136 shares issued and outstanding, respectively, as of March 31, 2023 and 693,741 and 693,741 shares issued and outstanding, respectively, as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$15.70M | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 22,737,853 shares issued and outstanding as of March 31, 2023 and 22,737,853 shares issued and outstanding as of December 31, 2022. |
CommonStockValue
|
$23.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 22,737,853 shares issued and outstanding as of March 31, 2023 and 22,737,853 shares issued and outstanding as of December 31, 2022. |
CommonStockValue
|
$23.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$861.72M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$859.03M | USD | Point-in-time |
| Distributions in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$853.11M | USD | Point-in-time |
| Distributions in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$837.85M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$361.66M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$373.93M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$373.00K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$4.75M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$373.55M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$362.03M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$377.46M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$378.68M | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$957.56M | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$690.25M | USD | Point-in-time |
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$14.89M | USD | 1 Quarter |
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$14.10M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$10.92M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$7.40M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$3.28M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$3.10M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$24.78M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$28.91M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$15.22M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$11.49M | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$720.00K | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$921.00K | USD | 1 Quarter |
| Interest |
InterestExpense
|
$2.17M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$6.24M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.81M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.93M | USD | 1 Quarter |
| Transaction-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$3.36M | USD | 1 Quarter |
| Transaction-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.50M | USD | 1 Quarter |
| Total Expenses |
CostsAndExpenses
|
$38.10M | USD | 1 Quarter |
| Total Expenses |
CostsAndExpenses
|
$22.29M | USD | 1 Quarter |
| Income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$768.00K | USD | 1 Quarter |
| Income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$120.00K | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
$1.10M | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-7.32M | USD | 1 Quarter |
| (LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.61M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$256.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$307.00K | USD | 1 Quarter |
| NET (LOSS) INCOME |
ProfitLoss
|
$-7.58M | USD | 1 Quarter |
| NET (LOSS) INCOME |
ProfitLoss
|
$2.30M | USD | 1 Quarter |
| Net loss (income) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-625.00K | USD | 1 Quarter |
| Net loss (income) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.00K | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$2.30M | USD | 1 Quarter |
| NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$-6.95M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 11) |
RedeemablePreferredStockDividendsDeclaredAndAccumulated
|
$5.02M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 11) |
RedeemablePreferredStockDividendsDeclaredAndAccumulated
|
$5.39M | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends (Note 11) |
RedeemablePreferredStockDividends
|
$15.00K | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends (Note 11) |
RedeemablePreferredStockDividends
|
- | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 11) |
PreferredStockRedemptionPremium
|
$373.00K | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 11) |
PreferredStockRedemptionPremium
|
$75.00K | USD | 1 Quarter |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-2.81M | USD | 1 Quarter |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-12.71M | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$-0.12 | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$-0.56 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$-0.12 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$-0.56 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
22.71M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
23.35M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
23.35M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
22.71M | shares | 1 Quarter |
Cash Flow Statement
131 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
ProfitLoss
|
$-7.58M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$2.30M | USD | 1 Quarter |
| Depreciation and amortization, net |
DepreciationDepletionAndAmortization
|
$9.60M | USD | 1 Quarter |
| Depreciation and amortization, net |
DepreciationDepletionAndAmortization
|
$5.04M | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$1.10M | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| Amortization of deferred debt origination costs |
AmortizationOfFinancingCosts
|
$297.00K | USD | 1 Quarter |
| Amortization of deferred debt origination costs |
AmortizationOfFinancingCosts
|
$395.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$-1.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$-3.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$573.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$265.00K | USD | 1 Quarter |
| Amortization of deferred costs and accretion of fees on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$99.00K | USD | 1 Quarter |
| Amortization of deferred costs and accretion of fees on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$150.00K | USD | 1 Quarter |
| Write-offs of uncollectible receivables |
ProvisionForDoubtfulAccounts
|
$109.00K | USD | 1 Quarter |
| Write-offs of uncollectible receivables |
ProvisionForDoubtfulAccounts
|
$13.00K | USD | 1 Quarter |
| Loss on interest rate caps |
GainLossOnDerivativeInstrumentsNetPretax
|
$-339.00K | USD | 1 Quarter |
| Loss on interest rate caps |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$56.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-11.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$55.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$55.00K | USD | 1 Quarter |
| Income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$768.00K | USD | 1 Quarter |
| Income from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$120.00K | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$7.85M | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$12.37M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$12.21M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$6.27M | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$605.00K | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$374.00K | USD | 1 Quarter |
| Commitment fees remitted and other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-150.00K | USD | 1 Quarter |
| Commitment fees remitted and other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-600.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-372.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$4.16M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.42M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$3.51M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$14.01M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.72M | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$304.00K | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$246.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$4.75M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-2.12M | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$1.27M | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$722.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.64M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.77M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToDevelopRealEstateAssets
|
$2.38M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToDevelopRealEstateAssets
|
$4.82M | USD | 1 Quarter |
| Acquisition of real estate |
PaymentsToAcquireRealEstate
|
$96.73M | USD | 1 Quarter |
| Acquisition of real estate |
PaymentsToAcquireRealEstate
|
$2.27M | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
- | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$16.71M | USD | 1 Quarter |
| Investment in unconsolidated entity |
PaymentsToAcquireEquityMethodInvestments
|
$22.41M | USD | 1 Quarter |
| Investment in unconsolidated entity |
PaymentsToAcquireEquityMethodInvestments
|
$6.63M | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$10.41M | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$2.93M | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$3.32M | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$4.39M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-33.08M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-91.07M | USD | 1 Quarter |
| Payment of revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes |
RepaymentsOfOtherLongTermDebt
|
$12.87M | USD | 1 Quarter |
| Payment of revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes |
RepaymentsOfOtherLongTermDebt
|
$108.20M | USD | 1 Quarter |
| Proceeds from revolving credit facilities, term notes and mortgages |
ProceedsFromIssuanceOfOtherLongTermDebt
|
$212.00M | USD | 1 Quarter |
| Proceeds from revolving credit facilities, term notes and mortgages |
ProceedsFromIssuanceOfOtherLongTermDebt
|
$40.00M | USD | 1 Quarter |
| Proceeds from SBA 7(a) loan-backed notes |
ProceedsFromIssuanceOfSecuredDebt
|
$54.14M | USD | 1 Quarter |
| Proceeds from SBA 7(a) loan-backed notes |
ProceedsFromIssuanceOfSecuredDebt
|
- | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
$607.00K | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
$374.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfDeferredStockIssuanceCosts
|
$223.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfDeferredStockIssuanceCosts
|
$283.00K | USD | 1 Quarter |
| Payment of deferred debt origination costs |
PaymentsOfDebtIssuanceCosts
|
$2.40M | USD | 1 Quarter |
| Payment of deferred debt origination costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfDividendsCommonStock
|
$1.93M | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfDividendsCommonStock
|
$1.75M | USD | 1 Quarter |
| Net proceeds from issuance of Preferred Stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$23.64M | USD | 1 Quarter |
| Net proceeds from issuance of Preferred Stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$8.94M | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$11.17M | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$9.82M | USD | 1 Quarter |
| Redemption of Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$1.15M | USD | 1 Quarter |
| Redemption of Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$88.88M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$77.66M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$21.41M | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-10.65M | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.03M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.65M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$46.83M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.62M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$57.48M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.65M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$46.83M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.62M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$57.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.19M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.49M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.05M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$13.57M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$24.34M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.29M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.65M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$46.83M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$30.62M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$57.48M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
$1.86M | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
$4.09M | USD | 1 Quarter |
| Accrued capital expenditures, tenant improvements and real estate developments |
CapitalExpendituresIncurredButNotYetPaid
|
$3.49M | USD | 1 Quarter |
| Accrued capital expenditures, tenant improvements and real estate developments |
CapitalExpendituresIncurredButNotYetPaid
|
$1.14M | USD | 1 Quarter |
| Proceeds from the sale of real estate committed but not yet paid |
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
|
$17.66M | USD | 1 Quarter |
| Proceeds from the sale of real estate committed but not yet paid |
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
|
- | USD | 1 Quarter |
| Other amounts due from unconsolidated joint venture partners included in other assets |
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
|
$1.45M | USD | 1 Quarter |
| Other amounts due from unconsolidated joint venture partners included in other assets |
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
|
- | USD | 1 Quarter |
| Non-cash contributions to unconsolidated joint venture |
NonCashContributionsToUnconsolidatedJointVenture
|
$8.60M | USD | 1 Quarter |
| Non-cash contributions to unconsolidated joint venture |
NonCashContributionsToUnconsolidatedJointVenture
|
- | USD | 1 Quarter |
| Accrued preferred stock offering costs |
StockOfferingCostsNotYetPaid
|
$101.00K | USD | 1 Quarter |
| Accrued preferred stock offering costs |
StockOfferingCostsNotYetPaid
|
$151.00K | USD | 1 Quarter |
| Accrual of dividends payable to common stockholders |
DividendsPayableCurrentAndNoncurrent
|
$1.99M | USD | Point-in-time |
| Accrual of dividends payable to common stockholders |
DividendsPayableCurrentAndNoncurrent
|
$1.93M | USD | Point-in-time |
| Accrual of dividends payable to preferred stockholders |
AccrualOfDividendsPayableToPreferredStockholders
|
$3.80M | USD | 1 Quarter |
| Accrual of dividends payable to preferred stockholders |
AccrualOfDividendsPayableToPreferredStockholders
|
$1.83M | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$134.00K | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$403.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$7.67M | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$192.80M | USD | 24 Qtrs |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.81M | USD | 1 Quarter |
| Mortgage notes assumed in connection with our acquisition of real estate |
NotesAssumed1
|
- | USD | 1 Quarter |
| Mortgage notes assumed in connection with our acquisition of real estate |
NotesAssumed1
|
$181.32M | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends |
RedeemablePreferredStockDividends
|
$15.00K | USD | 1 Quarter |
| Redeemable preferred stock deemed dividends |
RedeemablePreferredStockDividends
|
- | USD | 1 Quarter |
| Accrued redeemable preferred stock fees |
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
$413.00K | USD | 1 Quarter |
| Accrued redeemable preferred stock fees |
RedeemablePreferredStockFeesIncurredButNotYetPaid
|
$596.00K | USD | 1 Quarter |
| Adjustment to noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
- | USD | 1 Quarter |
| Adjustment to noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$5.00M | USD | 1 Quarter |
Stockholders Equity
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common dividends paid (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.09 | USD | 1 Quarter |
| Common dividends paid (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.09 | USD | 1 Quarter |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Beginning balance (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$373.55M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$362.03M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$377.46M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$378.68M | USD | Point-in-time |
| Adjustment to noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
- | USD | 1 Quarter |
| Adjustment to noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$5.00M | USD | 1 Quarter |
| Stock based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$55.00K | USD | 1 Quarter |
| Stock based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$55.00K | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$1.99M | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$1.93M | USD | 1 Quarter |
| Reclassification of Series A Preferred stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$7.67M | USD | 1 Quarter |
| Reclassification of Series A Preferred stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$192.80M | USD | 24 Qtrs |
| Reclassification of Series A Preferred stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.81M | USD | 1 Quarter |
| Redeemable preferred stock accretion |
IncreaseInCarryingAmountOfRedeemablePreferredStock
|
$15.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-7.58M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$2.30M | USD | 1 Quarter |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
22.74M | shares | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$373.55M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$362.03M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$377.46M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$378.68M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.