10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001080657-14-000006 |
| Period End Date | 20140331 |
| Filing Date | 20140515 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | netr-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$158.77M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$159.46M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.36M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.36M | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$900.00K | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$900.00K | USD | Point-in-time |
| Deferred leasing and finance costs, net |
DeferredLeasingAndFinancingCosts
|
$2.65M | USD | Point-in-time |
| Deferred leasing and finance costs, net |
DeferredLeasingAndFinancingCosts
|
$2.69M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$6.75M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$6.68M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$181.25M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$177.69M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$88.91M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$89.55M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$4.59M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$3.70M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.24M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.27M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$95.38M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$93.88M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$142.46M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$141.49M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-71.23M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-73.84M | USD | Point-in-time |
| Total NetREIT, Inc. stockholders' equity |
StockholdersEquity
|
$68.79M | USD | Point-in-time |
| Total NetREIT, Inc. stockholders' equity |
StockholdersEquity
|
$70.43M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$15.44M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$15.03M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$85.87M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$83.82M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$181.25M | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$177.69M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$5.07M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$4.69M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$94.75K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$87.17K | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$5.17M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$4.78M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.67M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.56M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.17M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.12M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.35M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.32M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$4.04M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$4.14M | USD | 1 Quarter |
| Income from operations |
IncomeLossFromOperations
|
$1.12M | USD | 1 Quarter |
| Income from operations |
IncomeLossFromOperations
|
$641.91K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$1.27M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$1.33M | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$18.37K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$21.26K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfAssets
|
$446.65K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfAssets
|
$424.94K | USD | 1 Quarter |
| Gain on dissolution of partnerships |
GainOnDissolutionOfPartnershipInterests
|
$302.83K | USD | 1 Quarter |
| Gain on dissolution of partnerships |
GainOnDissolutionOfPartnershipInterests
|
- | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-523.82K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-866.12K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$118.09K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$257.91K | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$311.06K | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$478.11K | USD | 1 Quarter |
| Net loss attributable to common stockholders |
NetIncomeLoss
|
$-360.01K | USD | 1 Quarter |
| Net loss attributable to common stockholders |
NetIncomeLoss
|
$-53.15K | USD | 1 Quarter |
| Basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic and diluted (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15.90M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16.71M | shares | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-360.01K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-53.15K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.34M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.35M | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$184.45K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$159.68K | USD | 1 Quarter |
| Gain on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$424.94K | USD | 1 Quarter |
| Gain on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$446.65K | USD | 1 Quarter |
| Gain on dissolution of partnership interests |
DissolutionOfPartnershipInterestsGainLoss
|
$302.83K | USD | 1 Quarter |
| Gain on dissolution of partnership interests |
DissolutionOfPartnershipInterestsGainLoss
|
- | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$14.19K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$44.98K | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$311.06K | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$478.11K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$355.33K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$53.28K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.07M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-196.96K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-167.95K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$786.98K | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$1.14M | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$1.78M | USD | 1 Quarter |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$347.50K | USD | 1 Quarter |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$906.49K | USD | 1 Quarter |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$190.44K | USD | 1 Quarter |
| Deferred leasing costs |
PaymentsForLeasingCosts
|
$191.94K | USD | 1 Quarter |
| Proceeds received sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$2.57M | USD | 1 Quarter |
| Proceeds received sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$3.79M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$6.71K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$36.48K | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.08M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-314.39K | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromNotesPayable
|
$1.07M | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromNotesPayable
|
$18.73M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$1.71M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$21.48M | USD | 1 Quarter |
| Repurchase of common stock - related parties |
PaymentsForRepurchaseOfCommonStockRelatedParty
|
- | USD | 1 Quarter |
| Repurchase of common stock - related parties |
PaymentsForRepurchaseOfCommonStockRelatedParty
|
$165.02K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$13.08K | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$252.98K | USD | 1 Quarter |
| Contributions received from noncontrolling interests in excess of distributions paid |
ProceedsFromMinorityShareholders
|
$420.54K | USD | 1 Quarter |
| Contributions received from noncontrolling interests in excess of distributions paid |
ProceedsFromMinorityShareholders
|
$-378.04K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.14M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.25M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.49M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.76M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.97M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-895.39K | USD | 1 Quarter |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$1.17M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$1.33M | USD | 1 Quarter |
| Conversion of partnership interests into common stock |
PartnersCapitalAccountExchangesAndConversions
|
- | USD | 1 Quarter |
| Conversion of partnership interests into common stock |
PartnersCapitalAccountExchangesAndConversions
|
- | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$975.91K | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$995.05K | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.27M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.18M | USD | 1 Quarter |
| Stock issued for purchase of NTR, Inc. |
NoncashAcquisitionStockIssuedValue
|
$1.90M | USD | 1 Quarter |
| Stock issued for purchase of NTR, Inc. |
NoncashAcquisitionStockIssuedValue
|
- | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$85.87M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$83.82M | USD | Point-in-time |
| Net (loss) income |
ProfitLoss
|
$118.09K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$257.91K | USD | 1 Quarter |
| Dividends declared/reinvested |
DividendsCashDeclaredAndReinvested
|
$-1.28M | USD | 1 Quarter |
| Common stock issued - related party |
StockIssuedDuringPeriodRelatedPartyValueNewIssues
|
$165.02K | USD | 1 Quarter |
| Common stock repurchased - related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$165.02K | USD | 1 Quarter |
| Contributions received from noncontrolling interests net of distributions paid |
ContributionsReceivedDistributedInExcessOfDistributionsOfNoncontrollingInterests
|
$-888.39K | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$85.87M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$83.82M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.