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10-Q Filing

STERLING REAL ESTATE TRUST CIK: 1412502 Q2 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-332665
Period End Date 20130630
Filing Date 20130813
Fiscal Year 2013
Fiscal Period Q2
XBRL Instance inre-20130630.xml
Filing Contents
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $1.86M USD Point-in-time
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $1.56M USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive $317.00K USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $383.15M USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive $367.00K USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $355.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.15M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $3.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.50M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $2.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
Restricted deposits and funded reserves OtherRestrictedAssets $3.47M USD Point-in-time
Restricted deposits and funded reserves OtherRestrictedAssets $6.21M USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $287.00K USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $360.00K USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $4.34M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $4.49M USD Point-in-time
Due from related party DueFromRelatedParties $337.00K USD Point-in-time
Receivables AccountsReceivableNet $2.85M USD Point-in-time
Receivables AccountsReceivableNet $2.66M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $437.00K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $860.00K USD Point-in-time
Notes receivable NotesReceivableNet $4.00K USD Point-in-time
Financing costs, less accumulated amortization of $1,865,000 in 2013 and $1,556,000 in 2012 DeferredFinanceCostsNet $2.44M USD Point-in-time
Financing costs, less accumulated amortization of $1,865,000 in 2013 and $1,556,000 in 2012 DeferredFinanceCostsNet $2.44M USD Point-in-time
Rent incentive, less accumulated amortization of $367,000 in 2013 and $317,000 in 2012 IncentiveToLessee $1.13M USD Point-in-time
Rent incentive, less accumulated amortization of $367,000 in 2013 and $317,000 in 2012 IncentiveToLessee $1.18M USD Point-in-time
Intangible assets, less accumulated amortization of $3,140,000 in 2013 and $2,606,000 in 2012 IntangibleAssetsNetExcludingGoodwill $9.13M USD Point-in-time
Intangible assets, less accumulated amortization of $3,140,000 in 2013 and $2,606,000 in 2012 IntangibleAssetsNetExcludingGoodwill $9.28M USD Point-in-time
Other assets OtherAssets $359.00K USD Point-in-time
Other assets OtherAssets $145.00K USD Point-in-time
Total Assets Assets $413.85M USD Point-in-time
Total Assets Assets $385.10M USD Point-in-time
Mortgage notes payable MortgageNotesPayable $215.04M USD Point-in-time
Mortgage notes payable MortgageNotesPayable $208.96M USD Point-in-time
Notes payable NotesPayableCurrent $6.00M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.76M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.64M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $3.40M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $3.71M USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $159.00K USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $112.00K USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $1.76M USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $2.00M USD Point-in-time
Investment certificates InvestmentCertificates $1.12M USD Point-in-time
Investment certificates InvestmentCertificates $1.42M USD Point-in-time
Unfavorable leases, less accumulated amortization of $360,000 in 2013 and $287,000 in 2012 OffMarketLeaseUnfavorable $1.19M USD Point-in-time
Unfavorable leases, less accumulated amortization of $360,000 in 2013 and $287,000 in 2012 OffMarketLeaseUnfavorable $1.02M USD Point-in-time
Accounts payable-trade AccountsPayableTradeCurrentAndNoncurrent $114.00K USD Point-in-time
Accounts payable-trade AccountsPayableTradeCurrentAndNoncurrent $356.00K USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $492.00K USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $350.00K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $203.00K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $105.00K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $3.96M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $2.71M USD Point-in-time
Total Liabilities Liabilities $235.68M USD Point-in-time
Total Liabilities Liabilities $221.90M USD Point-in-time
COMMITMENTS and CONTINGENCIES-Note 17 CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS and CONTINGENCIES-Note 17 CommitmentsAndContingencies - USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $109.17M USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $124.09M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $54.52M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $54.43M USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-350.00K USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-492.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $178.17M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $163.19M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $413.85M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $385.10M USD Point-in-time
Income Statement 135 line items
Line Item Tag Value Unit Period
Real estate rental income RealEstateRevenueGross $24.94M USD 2 Qtrs
Real estate rental income RealEstateRevenueGross $28.76M USD 2 Qtrs
Real estate rental income RealEstateRevenueGross $14.51M USD 1 Quarter
Real estate rental income RealEstateRevenueGross $12.47M USD 1 Quarter
Tenant reimbursements TenantReimbursements $1.87M USD 2 Qtrs
Tenant reimbursements TenantReimbursements $914.00K USD 1 Quarter
Tenant reimbursements TenantReimbursements $1.99M USD 2 Qtrs
Tenant reimbursements TenantReimbursements $996.00K USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $26.81M USD 2 Qtrs
Total income from rental operations RealEstateRevenueNet $15.50M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $30.75M USD 2 Qtrs
Total income from rental operations RealEstateRevenueNet $13.38M USD 1 Quarter
Interest FinancingInterestExpense $5.91M USD 2 Qtrs
Interest FinancingInterestExpense $2.87M USD 1 Quarter
Interest FinancingInterestExpense $5.56M USD 2 Qtrs
Interest FinancingInterestExpense $2.76M 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 $3.14M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $6.16M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $3.36M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $3.09M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $1.55M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $1.69M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $2.43M USD 2 Qtrs
Property management fees OwnedPropertyManagementCosts $1.25M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $1.08M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $2.15M USD 2 Qtrs
Utilities CostOfUtilities $841.00K USD 1 Quarter
Utilities CostOfUtilities $1.08M USD 1 Quarter
Utilities CostOfUtilities $2.27M USD 2 Qtrs
Utilities CostOfUtilities $1.90M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $2.90M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.24M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $2.40M USD 2 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.51M USD 1 Quarter
Insurance RealEstateInsurance $221.00K USD 1 Quarter
Insurance RealEstateInsurance $255.00K USD 1 Quarter
Insurance RealEstateInsurance $499.00K USD 2 Qtrs
Insurance RealEstateInsurance $432.00K USD 2 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $21.39M USD 2 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $11.69M USD 1 Quarter
Total expenses from rental operations CostOfRealEstateRevenue $10.53M USD 1 Quarter
Total expenses from rental operations CostOfRealEstateRevenue $23.18M USD 2 Qtrs
Administrative expenses GeneralAndAdministrativeExpense $100.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $76.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $120.00K USD 2 Qtrs
Administrative expenses GeneralAndAdministrativeExpense $143.00K USD 2 Qtrs
Advisory fees ServiceManagementCosts $646.00K USD 2 Qtrs
Advisory fees ServiceManagementCosts $322.00K USD 1 Quarter
Advisory fees ServiceManagementCosts $701.00K USD 2 Qtrs
Advisory fees ServiceManagementCosts $356.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $160.00K USD 2 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $1.56M USD 2 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $675.00K USD 1 Quarter
Director fees TrusteeFees $22.00K USD 2 Qtrs
Director fees TrusteeFees $9.00K USD 1 Quarter
Director fees TrusteeFees $31.00K USD 2 Qtrs
Director fees TrusteeFees $24.00K USD 1 Quarter
Legal and accounting ProfessionalFees $340.00K USD 2 Qtrs
Legal and accounting ProfessionalFees $312.00K USD 2 Qtrs
Legal and accounting ProfessionalFees $129.00K USD 1 Quarter
Legal and accounting ProfessionalFees $124.00K USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $1.27M USD 2 Qtrs
Total Administration of REIT SellingGeneralAndAdministrativeExpense $1.27M USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $546.00K USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $2.77M USD 2 Qtrs
Total expenses OperatingExpenses $25.95M USD 2 Qtrs
Total expenses OperatingExpenses $22.66M USD 2 Qtrs
Total expenses OperatingExpenses $12.96M USD 1 Quarter
Total expenses OperatingExpenses $11.08M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.79M USD 2 Qtrs
Income from operations OperatingIncomeLoss $2.54M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.15M USD 2 Qtrs
Income from operations OperatingIncomeLoss $2.30M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.79M USD 2 Qtrs
Income from operations OperatingIncomeLoss $2.54M USD 1 Quarter
Income from operations OperatingIncomeLoss $4.15M USD 2 Qtrs
Income from operations OperatingIncomeLoss $2.30M USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $361.00K USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $396.00K USD 2 Qtrs
Interest income InvestmentIncomeInterest $16.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $46.00K USD 2 Qtrs
Interest income InvestmentIncomeInterest $15.00K USD 2 Qtrs
Interest income InvestmentIncomeInterest $7.00K USD 1 Quarter
Total other income OtherIncome $207.00K USD 1 Quarter
Total other income OtherIncome $442.00K USD 2 Qtrs
Total other income OtherIncome $376.00K USD 2 Qtrs
Total other income OtherIncome $198.00K USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.74M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.51M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.59M USD 2 Qtrs
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.17M USD 2 Qtrs
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $16.00K USD 2 Qtrs
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $17.00K USD 1 Quarter
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $98.00K USD 1 Quarter
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $1.00K USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.76M USD 1 Quarter
Net income ProfitLoss $2.61M USD 1 Quarter
Net income ProfitLoss $5.19M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.86M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.31M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.61M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.92M 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 $1.58M USD 2 Qtrs
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $750.00K USD 1 Quarter
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $834.00K USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.16 USD 1 Quarter
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 $0.30 USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.76M USD 1 Quarter
Net income ProfitLoss $2.61M USD 1 Quarter
Net income ProfitLoss $5.19M USD 2 Qtrs
Other comprehensive income-(increase) decrease in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $142.00K USD 2 Qtrs
Other comprehensive income-(increase) decrease in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-48.00K USD 2 Qtrs
Other comprehensive income-(increase) decrease in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $-77.00K USD 1 Quarter
Other comprehensive income-(increase) decrease in fair value of interest rate swap DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion $107.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.86M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $4.54M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $2.53M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $5.33M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.27M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.71M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $866.00K USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.62M USD 2 Qtrs
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 $728.00K USD 1 Quarter
Cash Flow Statement 102 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.76M USD 1 Quarter
Net income ProfitLoss $2.61M USD 1 Quarter
Net income ProfitLoss $5.19M USD 2 Qtrs
Gain on sale of real estate investments GainOnSaleOfRealEstateInvestments $37.00K USD 2 Qtrs
Gain on sale of real estate investments GainOnSaleOfRealEstateInvestments $114.00K USD 2 Qtrs
Loss on sale of real estate investments LossOnSaleOfRealEstateInvestments $88.00K USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $361.00K USD 2 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $191.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $396.00K USD 2 Qtrs
Depreciation Depreciation $4.74M USD 2 Qtrs
Depreciation Depreciation $2.70M USD 1 Quarter
Depreciation Depreciation $5.29M USD 2 Qtrs
Depreciation Depreciation $2.40M USD 1 Quarter
Amortization AdjustmentForAmortization $909.00K USD 2 Qtrs
Amortization AdjustmentForAmortization $752.00K USD 2 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-211.00K USD 2 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-49.00K USD 2 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-195.00K USD 2 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-337.00K USD 2 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $183.00K USD 2 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $-19.00K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-359.00K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-423.00K USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $46.00K USD 2 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $214.00K USD 2 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $47.00K USD 2 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $40.00K USD 2 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-242.00K USD 2 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-63.00K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-37.00K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $46.00K USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $1.24M USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $988.00K USD 2 Qtrs
NET CASH FROM OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $12.64M USD 2 Qtrs
NET CASH FROM OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $11.28M USD 2 Qtrs
Purchase of real estate investments PaymentsToAcquireRealEstateHeldForInvestment $15.92M USD 2 Qtrs
Purchase of real estate investments PaymentsToAcquireRealEstateHeldForInvestment $456.00K USD 2 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $276.00K USD 2 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $933.00K USD 2 Qtrs
Investment in unconsolidated affiliates PaymentsToAcquireRealEstateAndRealEstateJointVentures $81.00K USD 2 Qtrs
Investment in unconsolidated affiliates PaymentsToAcquireRealEstateAndRealEstateJointVentures $213.00K USD 2 Qtrs
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $640.00K USD 2 Qtrs
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $420.00K USD 2 Qtrs
Real estate tax, insurance and replacement reserve escrows RealEstateTaxAndInsuranceEscrows $2.53M USD 2 Qtrs
Real estate tax, insurance and replacement reserve escrows RealEstateTaxAndInsuranceEscrows $1.93M USD 2 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $1.57M USD 2 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $4.00K USD 2 Qtrs
Payments for earnest money deposits PaymentsForDeposits $1.95M USD 2 Qtrs
Deferred insurance proceeds NetDeferredInsuranceProceedsInvestingActivities $98.00K USD 2 Qtrs
NET CASH FROM (USED FOR) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-17.87M USD 2 Qtrs
NET CASH FROM (USED FOR) INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-1.27M USD 2 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $36.00K USD 2 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $25.00K USD 2 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $300.00K USD 2 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $1.00K USD 2 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $6.00K USD 2 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $1.09M USD 2 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $19.01M USD 2 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $10.66M USD 2 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $12.93M USD 2 Qtrs
Net change in short-term notes payable ProceedsFromRepaymentsOfNotesPayable $-3.45M USD 2 Qtrs
Net change in short-term notes payable ProceedsFromRepaymentsOfNotesPayable $6.00M USD 2 Qtrs
Proceeds from issuance of shares ProceedsFromIssuanceOfCommonStock $10.53M USD 2 Qtrs
Proceeds from issuance of shares under optional purchase plan ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan $401.00K USD 2 Qtrs
Repurchase of shares PaymentsForRepurchaseOfCommonStock $2.13M USD 2 Qtrs
Repurchase of shares PaymentsForRepurchaseOfCommonStock $1.85M USD 2 Qtrs
Distributions paid PaymentsToMinorityShareholders $5.07M USD 2 Qtrs
Distributions paid PaymentsToMinorityShareholders $5.80M USD 2 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $67.00K USD 2 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $567.00K USD 2 Qtrs
NET CASH FROM (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $4.18M USD 2 Qtrs
NET CASH FROM (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-10.05M USD 2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-44.00K USD 2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-1.05M USD 2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $4.56M 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 $3.50M 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 $4.56M 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 $3.50M 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 InterestPaid $5.62M USD 2 Qtrs
Cash paid during the period for interest, net of capitalized interest InterestPaid $6.02M USD 2 Qtrs
Distributions reinvested DistributionsReinvested $1.36M USD 2 Qtrs
Distributions reinvested DistributionsReinvested $1.06M USD 2 Qtrs
Distributions declared and not paid DistributionsDeclaredAndNotPaid $950.00K USD 2 Qtrs
Distributions declared and not paid DistributionsDeclaredAndNotPaid $1.12M USD 2 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.59M USD 2 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.26M USD 2 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $341.00K USD 2 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities - USD 2 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $17.55M USD 2 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest shares in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $2.30M USD 2 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $122.00K USD 2 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $17.00K USD 2 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnDerivatives $48.00K USD 2 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnDerivatives $-142.00K USD 2 Qtrs
Acquisition of assets through assumption of debt and property purchased with financing AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing $431.00K USD 2 Qtrs
Acquisition of assets with accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $282.00K USD 2 Qtrs
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $178.17M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $163.19M USD Point-in-time
Beginning Balance, shares CommonStockSharesOutstanding 5.30M shares Point-in-time
Beginning Balance, shares CommonStockSharesOutstanding 5.30M shares Point-in-time
Contribution of assets in exchange for the issuance of noncontrolling interest shares NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $17.55M USD 2 Qtrs
Repurchase of shares StockRepurchasedDuringPeriodValue $2.13M USD 2 Qtrs
Dividends DividendsCommonStockStock $3.65M USD 2 Qtrs
Dividends declared DividendsCommonStockCash $3.71M USD 2 Qtrs
Dividends reinvested-stock dividend StockIssuedDuringPeriodValueDividendReinvestmentPlan $1.36M USD 2 Qtrs
Dividends reinvested-stock dividend, shares StockIssuedDuringPeriodSharesDividendReinvestmentPlan 102,000.00 shares 2 Qtrs
Dividends reinvested-stock dividend, shares StockIssuedDuringPeriodSharesDividendReinvestmentPlan 80,000.00 shares 2 Qtrs
Issuance of shares under optional purchase plan StockIssuedDuringPeriodValueStockPurchasePlan $401.00K USD 2 Qtrs
Syndication costs SyndicationCosts $67.00K USD 2 Qtrs
Decrease in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $142.00K USD 2 Qtrs
Distributions paid to consolidated real estate entity noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $116.00K USD 2 Qtrs
Net income ProfitLoss $4.59M USD 2 Qtrs
Net income ProfitLoss $2.76M USD 1 Quarter
Net income ProfitLoss $2.61M USD 1 Quarter
Net income ProfitLoss $5.19M USD 2 Qtrs
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $178.17M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $163.19M USD Point-in-time
Ending Balance, shares CommonStockSharesOutstanding 5.30M shares Point-in-time
Ending Balance, shares CommonStockSharesOutstanding 5.30M shares Point-in-time

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

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