10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001080657-15-000011 |
| Period End Date | 20150331 |
| Filing Date | 20150514 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | netr-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Land |
Land
|
$40.42M | USD | Point-in-time |
| Land |
Land
|
$40.92M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$128.72M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$130.36M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$13.16M | USD | Point-in-time |
| Tenant improvements |
TenantImprovements
|
$15.40M | USD | Point-in-time |
| Lease Intangibles |
LeaseIntangibles
|
$9.79M | USD | Point-in-time |
| Lease Intangibles |
LeaseIntangibles
|
$9.79M | USD | Point-in-time |
| Real estate assets and lease intangibles, cost |
RealEstateInvestmentPropertyAtCost
|
$196.48M | USD | Point-in-time |
| Real estate assets and lease intangibles, cost |
RealEstateInvestmentPropertyAtCost
|
$192.10M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$23.01M | USD | Point-in-time |
| Accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$24.79M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$171.69M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$169.09M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$28.93M | USD | Point-in-time |
| Real estate assets held for sale, net |
RealEstateHeldforsale
|
$29.11M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$5.11M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$4.09M | USD | Point-in-time |
| Deferred leasing and finance costs, net |
DeferredLeasingAndFinancingCosts
|
$5.32M | USD | Point-in-time |
| Deferred leasing and finance costs, net |
DeferredLeasingAndFinancingCosts
|
$5.44M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.42M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$4.84M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$5.19M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$223.14M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$220.62M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$111.28M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$106.48M | USD | Point-in-time |
| Liabilities related to Assets Held for Sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$17.10M | USD | Point-in-time |
| Liabilities related to Assets Held for Sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$17.42M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$6.63M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$6.96M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$997.17K | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.01M | USD | Point-in-time |
| Below Market Rent |
BelowMarketLeaseNet
|
$960.33K | USD | Point-in-time |
| Below Market Rent |
BelowMarketLeaseNet
|
$934.28K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$149.09M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$153.88M | 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
|
$143.72M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$144.32M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-86.82M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-83.15M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$60.73M | USD | Point-in-time |
| Total stockholders' equity before noncontrolling interest |
StockholdersEquity
|
$57.67M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$11.60M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$10.80M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$71.54M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$69.26M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$223.14M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$220.62M | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$5.34M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$3.91M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$10.29K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$38.92K | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$5.38M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$3.92M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.26M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.94M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.15M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.12M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.86M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.18M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$4.96M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$3.56M | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
$947.43K | USD | 1 Quarter |
| Interest expense-Series B preferred stock |
InterestExpensePreferredStock
|
- | USD | 1 Quarter |
| Interest expense - mortgage notes |
InterestExpenseDebt
|
$1.43M | USD | 1 Quarter |
| Interest expense - mortgage notes |
InterestExpenseDebt
|
$1.05M | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$18.37K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeOperating
|
$14.60K | USD | 1 Quarter |
| Gain on sales of real estate and partnerships, net |
GainLossOnSaleOfBusiness
|
$727.78K | USD | 1 Quarter |
| Gain on sales of real estate and partnerships, net |
GainLossOnSaleOfBusiness
|
$78.50K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-302.94K | USD | 1 Quarter |
| Total other expense, net |
NonoperatingIncomeExpense
|
$-2.29M | USD | 1 Quarter |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-1.86M | USD | 1 Quarter |
| Loss from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$52.41K | USD | 1 Quarter |
| Discontinued operations, income from discontinued operations, net |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$65.68K | USD | 1 Quarter |
| Discontinued operations, income from discontinued operations, net |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$30.30K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$118.09K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-1.83M | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$478.11K | USD | 1 Quarter |
| Income attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$132.51K | USD | 1 Quarter |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-360.01K | USD | 1 Quarter |
| Net loss attributable to NetREIT, Inc. common stockholders |
NetIncomeLoss
|
$-1.96M | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.11 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Net loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Net loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.12 | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16.90M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted (in shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16.71M | shares | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$118.09K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-1.83M | USD | 1 Quarter |
| Depreciation and amortization from continueing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.86M | USD | 1 Quarter |
| Depreciation and amortization from continueing operations |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.18M | USD | 1 Quarter |
| Depreciation and amortization from discontinued operations |
DepreciationAndAmortizationDiscontinuedOperations
|
$165.65K | USD | 1 Quarter |
| Depreciation and amortization from discontinued operations |
DepreciationAndAmortizationDiscontinuedOperations
|
$167.27K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$125.08K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$184.45K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
- | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$44.98K | USD | 1 Quarter |
| Gain on sales of real estate and partnerships, net |
GainLossOnSaleOfBusiness
|
$727.78K | USD | 1 Quarter |
| Gain on sales of real estate and partnerships, net |
GainLossOnSaleOfBusiness
|
$78.50K | USD | 1 Quarter |
| Amortization expense of financing costs |
AmortizationOfFinancingCosts
|
$308.16K | USD | 1 Quarter |
| Amortization expense of financing costs |
AmortizationOfFinancingCosts
|
$84.05K | USD | 1 Quarter |
| Amortization of above market leases |
AmortizationOfAboveMarketLeases
|
$59.07K | USD | 1 Quarter |
| Amortization of above market leases |
AmortizationOfAboveMarketLeases
|
$46.08K | USD | 1 Quarter |
| Amortization of below market rent |
AmortizationOfBelowMarketLease
|
$7.01K | USD | 1 Quarter |
| Amortization of below market rent |
AmortizationOfBelowMarketLease
|
$26.05K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$372.04K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$183.70K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$200.05K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.07M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$413.44K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-167.95K | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$1.78M | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$3.76M | USD | 1 Quarter |
| Building and tenant improvements |
PaymentsForTenantImprovements
|
$1.17M | 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
|
$135.67K | USD | 1 Quarter |
| Proceeds received sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$2.57M | USD | 1 Quarter |
| Proceeds received sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$614.81K | USD | 1 Quarter |
| Increase (Decrease) in Restricted Cash |
IncreaseDecreaseInRestrictedCash
|
$6.71K | USD | 1 Quarter |
| Increase (Decrease) in Restricted Cash |
IncreaseDecreaseInRestrictedCash
|
$1.03M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.47M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-314.39K | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$8.10M | USD | 1 Quarter |
| Proceeds from mortgage notes payable, net of issuance costs |
ProceedsFromNotesPayable
|
$1.06M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$3.77M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
RepaymentsOfNotesPayable
|
$1.71M | USD | 1 Quarter |
| Proceeds from Issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
$50.00K | USD | 1 Quarter |
| Proceeds from Issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$420.54K | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$-662.19K | USD | 1 Quarter |
| Contributions received from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$-165.02K | USD | 1 Quarter |
| Contributions received from noncontrolling interests net of distributions paid |
ProceedsFromPaymentsToMinorityShareholders
|
$-147.77K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.25M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$997.18K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$3.90M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.49M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.16M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.97M | USD | 1 Quarter |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$5.64M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$7.23M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.21M | USD | Point-in-time |
| Ending of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.48M | USD | Point-in-time |
| Interest Paid, Mortgage Notes |
InterestPaidMortgageNotes
|
$1.17M | USD | 1 Quarter |
| Interest Paid, Mortgage Notes |
InterestPaidMortgageNotes
|
$1.61M | USD | 1 Quarter |
| Interest Paid, Preferred Stock Series B |
InterestPaidPreferredStockSeriesB
|
- | USD | 1 Quarter |
| Interest Paid, Preferred Stock Series B |
InterestPaidPreferredStockSeriesB
|
$551.72K | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$697.79K | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$975.91K | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.01M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.27M | USD | 1 Quarter |
| Conversion of partnership interests into common stock |
PartnersCapitalAccountExchangesAndConversions
|
- | USD | 1 Quarter |
| Conversion of partnership interests into common stock |
PartnersCapitalAccountExchangesAndConversions
|
$165.02K | USD | 1 Quarter |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$60.73M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$57.67M | USD | Point-in-time |
| Net (loss) income |
IncomeLossFromContinuingOperations
|
$-1.96M | USD | 1 Quarter |
| Dividends declared/reinvested, value |
DividendsCommonStockStock
|
$1.01M | USD | 1 Quarter |
| Common stock issued, value |
StockIssuedDuringPeriodValueNewIssues
|
$50.00K | USD | 1 Quarter |
| Common stock repurchased - related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$147.77K | USD | 1 Quarter |
| Contributions from noncontrolling interests net of distributions paid |
ContributedCapitalLessDistributionsOfNoncontrollingInterests
|
- | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$60.73M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$57.67M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.