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10-Q Filing

STERLING REAL ESTATE TRUST CIK: 1412502 Q2 2012
Filing Information
Form Type 10-Q
Accession Number 0001193125-12-352108
Period End Date 20120630
Filing Date 20120813
Fiscal Year 2012
Fiscal Period Q2
XBRL Instance inre-20120630.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $1.25M USD Point-in-time
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $1.01M USD Point-in-time
Property and equipment, less accumulated depreciation PropertyPlantAndEquipmentNet $338.57M USD Point-in-time
Property and equipment, less accumulated depreciation PropertyPlantAndEquipmentNet $355.66M USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive $216.67K USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive $266.67K USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $2.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.07M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.15M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $1.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
Restricted deposits and funded reserves OtherRestrictedAssets $7.06M USD Point-in-time
Restricted deposits and funded reserves OtherRestrictedAssets $3.40M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.51M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $4.31M USD Point-in-time
Due from related party DueFromRelatedParties $367.64K USD Point-in-time
Due from related party DueFromRelatedParties $172.86K USD Point-in-time
Receivables AccountsReceivableNet $2.22M USD Point-in-time
Receivables AccountsReceivableNet $2.63M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $340.33K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $709.06K USD Point-in-time
Notes receivable NotesReceivableNet $1.81M USD Point-in-time
Notes receivable NotesReceivableNet $239.98K USD Point-in-time
Financing costs, less accumulated amortization of $1,248,031 in 2012 and $1,011,602 in 2011 DeferredFinanceCostsNet $2.36M USD Point-in-time
Financing costs, less accumulated amortization of $1,248,031 in 2012 and $1,011,602 in 2011 DeferredFinanceCostsNet $2.08M USD Point-in-time
Assets held for sale AssetsHeldForSaleAtCarryingValue - USD Point-in-time
Assets held for sale AssetsHeldForSaleAtCarryingValue $449.73K USD Point-in-time
Rent Incentive, less accumulated amortization of $266,667 in 2012 and $216,667 in 2011 IncentiveToLessee $1.28M USD Point-in-time
Rent Incentive, less accumulated amortization of $266,667 in 2012 and $216,667 in 2011 IncentiveToLessee $1.23M USD Point-in-time
Intangible assets, less accumulated amortization of $2,098,256 in 2012 and $1,660,688 in 2011 IntangibleAssetsNetExcludingGoodwill $8.33M USD Point-in-time
Intangible assets, less accumulated amortization of $2,098,256 in 2012 and $1,660,688 in 2011 IntangibleAssetsNetExcludingGoodwill $7.18M USD Point-in-time
Other assets OtherAssets $769.95K USD Point-in-time
Other assets OtherAssets $724.23K USD Point-in-time
Total assets Assets $368.47M USD Point-in-time
Total assets Assets $381.27M USD Point-in-time
Mortgage notes payable MortgageNotesPayable $197.31M USD Point-in-time
Mortgage notes payable MortgageNotesPayable $217.48M USD Point-in-time
Notes payable NotesPayableCurrent $4.55M USD Point-in-time
Notes payable NotesPayableCurrent $8.00M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.49M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.57M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $3.21M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $2.95M USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $66.73K USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $196.28K USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $1.59M USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $1.53M USD Point-in-time
Investment certificates InvestmentCertificates $1.42M USD Point-in-time
Investment certificates InvestmentCertificates $1.44M USD Point-in-time
Unfavorable leases, net OffMarketLeaseUnfavorable $519.30K USD Point-in-time
Unfavorable leases, net OffMarketLeaseUnfavorable $736.92K USD Point-in-time
Accounts payable - trade AccountsPayableTradeCurrentAndNoncurrent $9.15K USD Point-in-time
Accounts payable - trade AccountsPayableTradeCurrentAndNoncurrent $55.00K USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfAssetsHeldForSale - USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfAssetsHeldForSale $6.32K USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $452.59K USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $501.02K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $49.19K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $49.49K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $3.61M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $2.96M USD Point-in-time
Total Liabilities Liabilities $237.04M USD Point-in-time
Total Liabilities Liabilities $214.73M USD Point-in-time
Commitments - Note 15 CommitmentsAndContingencies - USD Point-in-time
Commitments - Note 15 CommitmentsAndContingencies - USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $108.54M USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $108.22M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $46.02M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $36.14M USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-452.59K USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-501.02K USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $153.74M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $143.73M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $144.23M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $139.66M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $368.47M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $381.27M USD Point-in-time
Income Statement 132 line items
Line Item Tag Value Unit Period
Real estate rental income RealEstateRevenueGross $24.94M USD 2 Qtrs
Real estate rental income RealEstateRevenueGross $10.95M USD 1 Quarter
Real estate rental income RealEstateRevenueGross $12.47M USD 1 Quarter
Real estate rental income RealEstateRevenueGross $21.83M USD 2 Qtrs
Tenant reimbursements TenantReimbursements $1.07M USD 1 Quarter
Tenant reimbursements TenantReimbursements $914.39K USD 1 Quarter
Tenant reimbursements TenantReimbursements $2.12M USD 2 Qtrs
Tenant reimbursements TenantReimbursements $1.87M USD 2 Qtrs
Total income from rental operations RealEstateRevenueNet $13.38M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $23.95M USD 2 Qtrs
Total income from rental operations RealEstateRevenueNet $26.81M USD 2 Qtrs
Total income from rental operations RealEstateRevenueNet $12.02M USD 1 Quarter
Interest FinancingInterestExpense $2.97M USD 1 Quarter
Interest FinancingInterestExpense $5.90M USD 2 Qtrs
Interest FinancingInterestExpense $5.91M USD 2 Qtrs
Interest FinancingInterestExpense $2.87M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $2.74M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.49M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $4.84M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $2.42M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $1.55M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $1.45M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $3.09M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $2.83M USD 2 Qtrs
Property management fees OwnedPropertyManagementCosts $2.15M USD 2 Qtrs
Property management fees OwnedPropertyManagementCosts $1.88M USD 2 Qtrs
Property management fees OwnedPropertyManagementCosts $960.48K USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $1.08M USD 1 Quarter
Utilities CostOfUtilities $841.05K USD 1 Quarter
Utilities CostOfUtilities $815.30K USD 1 Quarter
Utilities CostOfUtilities $1.90M USD 2 Qtrs
Utilities CostOfUtilities $1.79M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $2.40M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.24M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $2.36M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.09M USD 1 Quarter
Insurance RealEstateInsurance $432.04K USD 2 Qtrs
Insurance RealEstateInsurance $175.18K USD 1 Quarter
Insurance RealEstateInsurance $221.10K USD 1 Quarter
Insurance RealEstateInsurance $345.07K USD 2 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $19.94M USD 2 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $21.39M USD 2 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $9.87M USD 1 Quarter
Total expenses from rental operations CostOfRealEstateRevenue $10.53M USD 1 Quarter
Administration expenses GeneralAndAdministrativeExpense $120.29K USD 2 Qtrs
Administration expenses GeneralAndAdministrativeExpense $75.83K USD 1 Quarter
Administration expenses GeneralAndAdministrativeExpense $21.93K USD 1 Quarter
Administration expenses GeneralAndAdministrativeExpense $50.08K USD 2 Qtrs
Advisory fees ServiceManagementCosts $184.71K USD 1 Quarter
Advisory fees ServiceManagementCosts $322.36K USD 1 Quarter
Advisory fees ServiceManagementCosts $646.41K USD 2 Qtrs
Advisory fees ServiceManagementCosts $373.28K USD 2 Qtrs
Acquisition and disposition expenses BusinessCombinationAcquisitionRelatedCosts $455.26K USD 2 Qtrs
Acquisition and disposition expenses BusinessCombinationAcquisitionRelatedCosts $159.81K USD 2 Qtrs
Acquisition and disposition expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Acquisition and disposition expenses BusinessCombinationAcquisitionRelatedCosts $318.08K USD 1 Quarter
Trustee fees TrusteeFees $12.10K USD 1 Quarter
Trustee fees TrusteeFees $22.00K USD 2 Qtrs
Trustee fees TrusteeFees $24.20K USD 1 Quarter
Trustee fees TrusteeFees $31.40K USD 2 Qtrs
Legal and accounting ProfessionalFees $385.46K USD 2 Qtrs
Legal and accounting ProfessionalFees $166.20K USD 1 Quarter
Legal and accounting ProfessionalFees $312.39K USD 2 Qtrs
Legal and accounting ProfessionalFees $123.74K USD 1 Quarter
Total Administration of Reit SellingGeneralAndAdministrativeExpense $1.29M USD 2 Qtrs
Total Administration of Reit SellingGeneralAndAdministrativeExpense $546.13K USD 1 Quarter
Total Administration of Reit SellingGeneralAndAdministrativeExpense $1.27M USD 2 Qtrs
Total Administration of Reit SellingGeneralAndAdministrativeExpense $703.01K USD 1 Quarter
Total expenses OperatingExpenses $21.23M USD 2 Qtrs
Total expenses OperatingExpenses $10.57M USD 1 Quarter
Total expenses OperatingExpenses $11.08M USD 1 Quarter
Total expenses OperatingExpenses $22.66M USD 2 Qtrs
Income from operations OperatingIncomeLoss $2.72M USD 2 Qtrs
Income from operations OperatingIncomeLoss $1.45M USD 1 Quarter
Income from operations OperatingIncomeLoss $2.30M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.15M USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.55K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $396.46K USD 2 Qtrs
Interest income InvestmentIncomeInterest $130.58K USD 2 Qtrs
Interest income InvestmentIncomeInterest $45.66K USD 2 Qtrs
Interest income InvestmentIncomeInterest $15.73K USD 1 Quarter
Interest income InvestmentIncomeInterest $66.03K USD 1 Quarter
Total other income OtherIncome $130.58K USD 2 Qtrs
Total other income OtherIncome $207.28K USD 1 Quarter
Total other income OtherIncome $66.03K USD 1 Quarter
Total other income OtherIncome $442.12K USD 2 Qtrs
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.52M USD 1 Quarter
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.85M USD 2 Qtrs
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $4.59M USD 2 Qtrs
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.51M USD 1 Quarter
Discontinued operations - Note 16 GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $97.53K USD 1 Quarter
Discontinued operations - Note 16 GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $919.00 USD 2 Qtrs
Discontinued operations - Note 16 GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $258.55K USD 2 Qtrs
Discontinued operations - Note 16 GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $276.49K USD 1 Quarter
Net income ProfitLoss $1.79M USD 1 Quarter
Net income ProfitLoss $3.11M USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.61M USD 1 Quarter
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.86M USD 1 Quarter
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.32M USD 1 Quarter
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $2.29M USD 2 Qtrs
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.31M USD 2 Qtrs
Net income attributable to INREIT real estate investment Trust NetIncomeLoss $749.60K USD 1 Quarter
Net income attributable to INREIT real estate investment Trust NetIncomeLoss $472.83K USD 1 Quarter
Net income attributable to INREIT real estate investment Trust NetIncomeLoss $1.28M USD 2 Qtrs
Net income attributable to INREIT real estate investment Trust NetIncomeLoss $822.23K USD 2 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.30 USD 2 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.16 USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.22 USD 2 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.13 USD 1 Quarter
Net income ProfitLoss $1.79M USD 1 Quarter
Net income ProfitLoss $3.11M USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.61M USD 1 Quarter
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-48.44K USD 2 Qtrs
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-51.44K USD 1 Quarter
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-77.24K USD 1 Quarter
Other comprehensive income (loss) - increase (decrease) in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-31.37K USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $4.54M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $3.08M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $1.74M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.53M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.27M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.27M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.28M USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $728.06K USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $459.36K USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.27M USD 2 Qtrs
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $814.02K USD 2 Qtrs
Cash Flow Statement 110 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.79M USD 1 Quarter
Net income ProfitLoss $3.11M USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.61M USD 1 Quarter
Gain on sale of property and equipment GainOnSaleOfPropertyAndEquipment $366.99K USD 2 Qtrs
Gain on sale of property and equipment GainOnSaleOfPropertyAndEquipment $114.31K USD 2 Qtrs
Loss on sale of property and equipment LossOnSaleOfPropertyAndEquipment - USD 2 Qtrs
Loss on sale of property and equipment LossOnSaleOfPropertyAndEquipment $-87.97K USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.55K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $396.46K USD 2 Qtrs
Depreciation Depreciation $2.38M USD 1 Quarter
Depreciation Depreciation $2.17M USD 1 Quarter
Depreciation Depreciation $4.36M USD 2 Qtrs
Depreciation Depreciation $4.74M USD 2 Qtrs
Amortization AdjustmentForAmortization $516.30K USD 2 Qtrs
Amortization AdjustmentForAmortization $750.78K USD 2 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-48.76K USD 2 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-100.65K USD 2 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-194.79K USD 2 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-102.49K USD 2 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $-35.23K USD 2 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $-18.95K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-358.27K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-215.83K USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-83.50K USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $45.72K USD 2 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $-170.87K USD 2 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $40.74K USD 2 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-130.41K USD 2 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-63.37K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $118.53K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $45.85K USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $988.98K USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $874.28K USD 2 Qtrs
NET CASH FROM OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $11.28M USD 2 Qtrs
NET CASH FROM OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $8.91M USD 2 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.44M USD 2 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $456.37K USD 2 Qtrs
Purchase of intangible assets PaymentsToAcquireIntangibleAssets $1.48M USD 2 Qtrs
Purchase of intangible assets PaymentsToAcquireIntangibleAssets - USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $932.51K USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.44M USD 2 Qtrs
Investment in unconsolidated affiliates PaymentsToAcquireRealEstateAndRealEstateJointVentures $80.73K USD 2 Qtrs
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $640.20K USD 2 Qtrs
Real estate tax and insurance escrows RealEstateTaxAndInsuranceEscrows $1.82M USD 2 Qtrs
Real estate tax and insurance escrows RealEstateTaxAndInsuranceEscrows $2.05M USD 2 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $26.12K USD 2 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $1.57M USD 2 Qtrs
Payments for earnest money deposits PaymentsForDeposits - USD 2 Qtrs
Payments for earnest money deposits PaymentsForDeposits $1.95M USD 2 Qtrs
Deferred insurance proceeds NetDeferredInsuranceProceedsInvestingActivities $-301.00 USD 2 Qtrs
Deferred insurance proceeds NetDeferredInsuranceProceedsInvestingActivities $1.36K USD 2 Qtrs
Net payments from (deposits to) replacement reserve NetPaymentsFromDepositsToReplacementReserve $78.89K USD 2 Qtrs
Net payments from (deposits to) replacement reserve NetPaymentsFromDepositsToReplacementReserve $110.72K USD 2 Qtrs
Net payments from exchange escrow NetPaymentsFromExchangeEscrow - USD 2 Qtrs
Net payments from exchange escrow NetPaymentsFromExchangeEscrow $-2.31M USD 2 Qtrs
NET CASH FROM (USED FOR) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-3.28M USD 2 Qtrs
NET CASH FROM (USED FOR) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-1.27M USD 2 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $35.91K USD 2 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $535.85K USD 2 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $194.11K USD 2 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $25.19K USD 2 Qtrs
Principal Payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable - USD 2 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $1.09M USD 2 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $6.51M USD 2 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $6.29M USD 2 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $10.66M USD 2 Qtrs
Net change in short-term notes payable ProceedsFromRepaymentsOfNotesPayable $-3.45M USD 2 Qtrs
Proceeds from issuance of shares ProceedsFromIssuanceOfCommonStock $10.53M USD 2 Qtrs
Proceeds from issuance of shares ProceedsFromIssuanceOfCommonStock $2.08M USD 2 Qtrs
Repurchase of shares PaymentsForRepurchaseOfCommonStock $1.06M USD 2 Qtrs
Repurchase of shares PaymentsForRepurchaseOfCommonStock $1.85M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $4.58M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $5.07M USD 2 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $510.63K USD 2 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $566.80K USD 2 Qtrs
NET CASH FLOWS (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-10.05M USD 2 Qtrs
NET CASH FLOWS (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-4.58M USD 2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-43.53K USD 2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $1.06M USD 2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.07M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $10.01M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.15M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.07M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $10.01M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.15M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
Cash paid during the period for interest, net of capitalized interest AcquisitionOfAssetsWithReductionOfNotesReceivable $5.92M USD 2 Qtrs
Cash paid during the period for interest, net of capitalized interest AcquisitionOfAssetsWithReductionOfNotesReceivable $6.02M USD 2 Qtrs
Dividends reinvested DistributionsReinvested $1.06M USD 2 Qtrs
Dividends reinvested DistributionsReinvested $887.48K USD 2 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $755.83K USD 2 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $950.28K USD 2 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.26M USD 2 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.14M USD 2 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $246.03K USD 2 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $1.40M USD 2 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $2.30M USD 2 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $5.04M USD 2 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $16.73K USD 2 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $69.36K USD 2 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnInterestRateSwap $31.37K USD 2 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnInterestRateSwap $48.44K USD 2 Qtrs
Acquisition of assets with reduction of notes receivable AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing - USD 2 Qtrs
Acquisition of assets with reduction of notes receivable AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing $89.35K USD 2 Qtrs
Acquisition of assets through assumption of debt and property purchased with financing AcquisitionOfAssetsIncludedInPayables $10.19M USD 2 Qtrs
Acquisition of assets through assumption of debt and property purchased with financing AcquisitionOfAssetsIncludedInPayables $431.82K USD 2 Qtrs
Stockholders Equity 30 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $153.74M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $143.73M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $144.23M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $139.66M USD Point-in-time
Issuance of common shares StockIssuedDuringPeriodValueNewIssues $2.08M USD 2 Qtrs
Issuance of common shares StockIssuedDuringPeriodValueNewIssues $10.53M USD 2 Qtrs
Contribution of assets in exchange for the issuance of noncontrolling interest shares MinorityInterestIncreaseFromStockIssuance $2.30M USD 2 Qtrs
Contribution of assets in exchange for the issuance of noncontrolling interest shares MinorityInterestIncreaseFromStockIssuance $5.04M USD 2 Qtrs
Repurchase of shares StockRepurchasedDuringPeriodValue $1.06M USD 2 Qtrs
Repurchase of shares StockRepurchasedDuringPeriodValue $1.85M USD 2 Qtrs
Dividends DividendsCommonStockStock $3.18M USD 2 Qtrs
Dividends DividendsCommonStockStock $2.86M USD 2 Qtrs
Dividends declared DividendsCommonStockCash $2.90M USD 2 Qtrs
Dividends declared DividendsCommonStockCash $3.21M USD 2 Qtrs
Dividends reinvested-stock dividend StockIssuedDuringPeriodValueDividendReinvestmentPlan $887.48K USD 2 Qtrs
Dividends reinvested-stock dividend StockIssuedDuringPeriodValueDividendReinvestmentPlan $1.06M USD 2 Qtrs
UPREIT units converted to REIT common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 2 Qtrs
UPREIT units converted to REIT common shares StockIssuedDuringPeriodValueConversionOfUnits - USD 2 Qtrs
Syndication costs SyndicationCosts $-198.74K USD 2 Qtrs
Syndication costs SyndicationCosts $-663.61K USD 2 Qtrs
Decrease in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-48.44K USD 2 Qtrs
Decrease in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-31.37K USD 2 Qtrs
Net income ProfitLoss $1.79M USD 1 Quarter
Net income ProfitLoss $3.11M USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.61M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $153.74M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $143.73M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $144.23M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $139.66M USD Point-in-time

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

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