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10-Q Filing

STERLING REAL ESTATE TRUST CIK: 1412502 Q3 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-438896
Period End Date 20130930
Filing Date 20131113
Fiscal Year 2013
Fiscal Period Q3
XBRL Instance inre-20130930.xml
Filing Contents
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $2.03M USD Point-in-time
Accumulated amortization on financing cost AccumulatedAmortizationDeferredFinanceCosts $1.56M USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive - USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $355.97M USD Point-in-time
Accumulated amortization on rent incentive AccumulatedAmortizationOnRentIncentive $317.00K USD Point-in-time
Real estate investments RealEstateInvestmentPropertyNet $372.18M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.07M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $2.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.56M USD Point-in-time
Accumulated amortization on intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $3.42M USD Point-in-time
Restricted deposits and funded reserves RestrictedCashAndCashEquivalents $7.71M USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $287.00K USD Point-in-time
Restricted deposits and funded reserves RestrictedCashAndCashEquivalents $3.47M USD Point-in-time
Accumulated amortization on unfavorable leases DeferredRevenueLeasesAccumulatedAmortization $395.00K USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $4.34M USD Point-in-time
Investment in unconsolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $4.29M USD Point-in-time
Due from related party DueFromRelatedParties $337.00K USD Point-in-time
Receivables AccountsReceivableNet $3.54M USD Point-in-time
Receivables AccountsReceivableNet $2.66M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $860.00K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $153.00K USD Point-in-time
Notes receivable NotesReceivableNet $4.00K USD Point-in-time
Financing costs, less accumulated amortization of $2,034 in 2013 and $1,556 in 2012 DeferredFinanceCostsNet $2.44M USD Point-in-time
Financing costs, less accumulated amortization of $2,034 in 2013 and $1,556 in 2012 DeferredFinanceCostsNet $2.75M USD Point-in-time
Assets held for sale AssetsHeldForSaleAtCarryingValue $21.82M USD Point-in-time
Rent incentive, less accumulated amortization of $-0- in 2013 and $317 in 2012 IncentiveToLessee $1.18M USD Point-in-time
Intangible assets, less accumulated amortization of $3,415 in 2013 and $2,606 in 2012 IntangibleAssetsNetExcludingGoodwill $9.00M USD Point-in-time
Intangible assets, less accumulated amortization of $3,415 in 2013 and $2,606 in 2012 IntangibleAssetsNetExcludingGoodwill $9.13M USD Point-in-time
Other assets OtherAssets $3.62M USD Point-in-time
Other assets OtherAssets $145.00K USD Point-in-time
Total assets Assets $428.66M USD Point-in-time
Total assets Assets $385.10M USD Point-in-time
Mortgage notes payable NotesAndLoansPayable $213.32M USD Point-in-time
Mortgage notes payable NotesAndLoansPayable $208.96M USD Point-in-time
Special assessments payable SpecialAssessmentBond $1.63M 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 $3.82M USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $112.00K USD Point-in-time
Due to related party DueToRelatedPartiesCurrentAndNoncurrent $128.00K USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $1.76M USD Point-in-time
Tenant security deposits payable SecurityDepositLiability $2.13M USD Point-in-time
Investment certificates InvestmentCertificates $1.42M USD Point-in-time
Investment certificates InvestmentCertificates $1.04M USD Point-in-time
Unfavorable leases, less accumulated amortization of $395 in 2013 and $287 in 2012 OffMarketLeaseUnfavorable $989.00K USD Point-in-time
Unfavorable leases, less accumulated amortization of $395 in 2013 and $287 in 2012 OffMarketLeaseUnfavorable $1.19M USD Point-in-time
Accounts payable - trade AccountsPayableTradeCurrentAndNoncurrent $538.00K USD Point-in-time
Accounts payable - trade AccountsPayableTradeCurrentAndNoncurrent $114.00K USD Point-in-time
Retainage payable RetentionPayable $35.00K USD Point-in-time
Retainage payable RetentionPayable - USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfAssetsHeldForSale $14.74M USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $492.00K USD Point-in-time
Fair value of interest rate swap InterestRateDerivativeLiabilitiesAtFairValue $347.00K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $14.00K USD Point-in-time
Deferred insurance proceeds OtherDeferredCreditsCurrent $105.00K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $5.18M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $2.71M USD Point-in-time
Total liabilities Liabilities $221.90M USD Point-in-time
Total liabilities Liabilities $243.91M 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 $130.19M USD Point-in-time
Noncontrolling interest in operating partnership MinorityInterestInOperatingPartnerships $109.17M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $54.91M USD Point-in-time
Beneficial interest CommonStockValueOutstanding $54.52M USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-347.00K USD Point-in-time
Accumulated comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-492.00K USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $184.75M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $163.19M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $385.10M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $428.66M USD Point-in-time
Income Statement 137 line items
Line Item Tag Value Unit Period
Real estate rental income RealEstateRevenueGross $11.93M USD 1 Quarter
Real estate rental income RealEstateRevenueGross $35.79M USD 3 Qtrs
Real estate rental income RealEstateRevenueGross $14.54M USD 1 Quarter
Real estate rental income RealEstateRevenueGross $42.22M USD 3 Qtrs
Tenant reimbursements TenantReimbursements $845.00K USD 1 Quarter
Tenant reimbursements TenantReimbursements $948.00K USD 1 Quarter
Tenant reimbursements TenantReimbursements $2.58M USD 3 Qtrs
Tenant reimbursements TenantReimbursements $2.80M USD 3 Qtrs
Total income from rental operations RealEstateRevenueNet $38.37M USD 3 Qtrs
Total income from rental operations RealEstateRevenueNet $15.49M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $12.78M USD 1 Quarter
Total income from rental operations RealEstateRevenueNet $45.02M USD 3 Qtrs
Interest FinancingInterestExpense $8.12M USD 3 Qtrs
Interest FinancingInterestExpense $8.04M USD 3 Qtrs
Interest FinancingInterestExpense $2.64M USD 1 Quarter
Interest FinancingInterestExpense $2.68M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $3.05M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $2.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.75M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $8.85M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $4.44M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $4.92M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $1.70M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $1.49M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $1.08M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $1.34M USD 1 Quarter
Property management fees OwnedPropertyManagementCosts $3.78M USD 3 Qtrs
Property management fees OwnedPropertyManagementCosts $3.23M USD 3 Qtrs
Utilities Utilities $967.00K USD 1 Quarter
Utilities Utilities $806.00K USD 1 Quarter
Utilities Utilities $2.71M USD 3 Qtrs
Utilities Utilities $3.24M USD 3 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.79M USD 1 Quarter
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $3.83M USD 3 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $4.69M USD 3 Qtrs
Repairs and maintenance CostOfPropertyRepairsAndMaintenance $1.42M USD 1 Quarter
Insurance RealEstateInsurance $647.00K USD 3 Qtrs
Insurance RealEstateInsurance $858.00K USD 3 Qtrs
Insurance RealEstateInsurance $215.00K USD 1 Quarter
Insurance RealEstateInsurance $359.00K USD 1 Quarter
Loss on impairment of property ImpairmentOfRealEstate $226.00K USD 3 Qtrs
Loss on impairment of property ImpairmentOfRealEstate - USD 3 Qtrs
Loss on impairment of property ImpairmentOfRealEstate $226.00K USD 1 Quarter
Total expenses from rental operations CostOfRealEstateRevenue $12.11M USD 1 Quarter
Total expenses from rental operations CostOfRealEstateRevenue $30.73M USD 3 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $34.59M USD 3 Qtrs
Total expenses from rental operations CostOfRealEstateRevenue $10.27M USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $40.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $183.00K USD 3 Qtrs
Administrative expenses GeneralAndAdministrativeExpense $64.00K USD 1 Quarter
Administrative expenses GeneralAndAdministrativeExpense $216.00K USD 3 Qtrs
Advisory fees ServiceManagementCosts $1.07M USD 3 Qtrs
Advisory fees ServiceManagementCosts $367.00K USD 1 Quarter
Advisory fees ServiceManagementCosts $329.00K USD 1 Quarter
Advisory fees ServiceManagementCosts $976.00K USD 3 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $2.18M USD 3 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $595.00K USD 3 Qtrs
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $620.00K USD 1 Quarter
Acquisition expenses BusinessCombinationAcquisitionRelatedCosts $435.00K USD 1 Quarter
Board of Trustee fees TrusteeFees $10.00K USD 1 Quarter
Board of Trustee fees TrusteeFees $38.00K USD 3 Qtrs
Board of Trustee fees TrusteeFees $15.00K USD 1 Quarter
Board of Trustee fees TrusteeFees $41.00K USD 3 Qtrs
Legal and accounting ProfessionalFees $360.00K USD 3 Qtrs
Legal and accounting ProfessionalFees $455.00K USD 3 Qtrs
Legal and accounting ProfessionalFees $80.00K USD 1 Quarter
Legal and accounting ProfessionalFees $115.00K USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $1.16M USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $3.93M USD 3 Qtrs
Total Administration of REIT SellingGeneralAndAdministrativeExpense $918.00K USD 1 Quarter
Total Administration of REIT SellingGeneralAndAdministrativeExpense $2.19M USD 3 Qtrs
Total expenses OperatingExpenses $11.19M USD 1 Quarter
Total expenses OperatingExpenses $32.92M USD 3 Qtrs
Total expenses OperatingExpenses $38.52M USD 3 Qtrs
Total expenses OperatingExpenses $13.27M USD 1 Quarter
Income from operations OperatingIncomeLoss $5.45M USD 3 Qtrs
Income from operations OperatingIncomeLoss $2.22M USD 1 Quarter
Income from operations OperatingIncomeLoss $6.50M USD 3 Qtrs
Income from operations OperatingIncomeLoss $1.58M USD 1 Quarter
Gain on involuntary conversion GainLossOnInvoluntaryConversions $17.00K USD 3 Qtrs
Gain on involuntary conversion GainLossOnInvoluntaryConversions $17.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $243.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $223.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $604.00K USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $619.00K USD 3 Qtrs
Interest income InvestmentIncomeInterest $21.00K USD 3 Qtrs
Interest income InvestmentIncomeInterest $15.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $7.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $61.00K USD 3 Qtrs
Total other income OtherIncome $250.00K USD 1 Quarter
Total other income OtherIncome $680.00K USD 3 Qtrs
Total other income OtherIncome $238.00K USD 1 Quarter
Total other income OtherIncome $625.00K USD 3 Qtrs
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.14M USD 3 Qtrs
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.82M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.13M USD 3 Qtrs
Income from continuing operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.49M USD 1 Quarter
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $425.00K USD 3 Qtrs
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $139.00K USD 1 Quarter
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $797.00K USD 3 Qtrs
Discontinued operations GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes $265.00K USD 1 Quarter
Net income ProfitLoss $6.55M USD 3 Qtrs
Net income ProfitLoss $2.75M USD 1 Quarter
Net income ProfitLoss $7.94M USD 3 Qtrs
Net income ProfitLoss $1.96M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $5.52M USD 3 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.66M USD 3 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.35M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.92M USD 1 Quarter
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $2.42M USD 3 Qtrs
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $1.89M USD 3 Qtrs
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $837.00K USD 1 Quarter
Net income attributable to INREIT Real Estate Investment Trust NetIncomeLoss $607.00K USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.12 USD 1 Quarter
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.42 USD 3 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.45 USD 3 Qtrs
Net income per common share, basic and diluted EarningsPerShareBasicAndDiluted $0.16 USD 1 Quarter
Net income ProfitLoss $6.55M USD 3 Qtrs
Net income ProfitLoss $2.75M USD 1 Quarter
Net income ProfitLoss $7.94M USD 3 Qtrs
Net income ProfitLoss $1.96M USD 1 Quarter
Other comprehensive income - increase (decrease) in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-64.00K USD 3 Qtrs
Other comprehensive income - increase (decrease) in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.00K USD 1 Quarter
Other comprehensive income - increase (decrease) in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $145.00K USD 3 Qtrs
Other comprehensive income - increase (decrease) in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-16.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.76M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $6.49M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $1.95M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $8.09M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.62M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.62M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.34M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.92M USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.87M USD 3 Qtrs
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $602.00K USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $838.00K USD 1 Quarter
Comprehensive income attributable to INREIT Real Estate Investment Trust OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.46M USD 3 Qtrs
Cash Flow Statement 107 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $6.55M USD 3 Qtrs
Net income ProfitLoss $2.75M USD 1 Quarter
Net income ProfitLoss $7.94M USD 3 Qtrs
Net income ProfitLoss $1.96M USD 1 Quarter
Gain on sale of real estate, land, other investments and discontinued operations GainOnSaleOfRealEstateInvestments $114.00K USD 3 Qtrs
Gain on sale of real estate, land, other investments and discontinued operations GainOnSaleOfRealEstateInvestments $37.00K USD 3 Qtrs
Loss on sale of real estate investments LossOnSaleOfRealEstateInvestments $88.00K USD 3 Qtrs
Gain on involuntary conversion GainOnBusinessInterruptionInsuranceRecovery $17.00K USD 3 Qtrs
Loss on impairment of property ImpairmentOfRealEstate $226.00K USD 3 Qtrs
Loss on impairment of property ImpairmentOfRealEstate - USD 3 Qtrs
Loss on impairment of property ImpairmentOfRealEstate $226.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $243.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $223.00K USD 1 Quarter
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $604.00K USD 3 Qtrs
Equity in income of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $619.00K USD 3 Qtrs
Depreciation Depreciation $8.05M USD 3 Qtrs
Depreciation Depreciation $2.70M USD 1 Quarter
Depreciation Depreciation $7.16M USD 3 Qtrs
Depreciation Depreciation $2.40M USD 1 Quarter
Amortization AdjustmentForAmortization $1.14M USD 3 Qtrs
Amortization AdjustmentForAmortization $1.37M USD 3 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-104.00K USD 3 Qtrs
Tenant security deposits IncreaseDecreaseInSecurityDeposits $-295.00K USD 3 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-337.00K USD 3 Qtrs
Due from related party IncreaseDecreaseInDueFromRelatedPartiesCurrent $-114.00K USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $332.00K USD 3 Qtrs
Receivables IncreaseDecreaseInAccountsReceivable $1.07M USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-570.00K USD 3 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-707.00K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $3.47M USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-583.00K USD 3 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $76.00K USD 3 Qtrs
Due to related party IncreaseDecreaseInDueToRelatedPartiesCurrent $16.00K USD 3 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-368.00K USD 3 Qtrs
Tenant security deposits payable IncreaseDecreaseInSecurityDepositPayable $-169.00K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $111.00K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $97.00K USD 3 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $2.40M USD 3 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $2.69M USD 3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $17.77M USD 3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $16.31M USD 3 Qtrs
Purchase of real estate investments PaymentsToAcquireAndDevelopRealEstate $17.04M USD 3 Qtrs
Purchase of real estate investments PaymentsToAcquireAndDevelopRealEstate $10.30M USD 3 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $933.00K USD 3 Qtrs
Proceeds from sale of real estate investments ProceedsFromSaleOfRealEstateHeldforinvestment $276.00K USD 3 Qtrs
Proceeds from involuntary conversion ProceedsFromCollectionOfOtherReceivables $252.00K USD 3 Qtrs
Contributions to unconsolidated affiliates PaymentsToAcquireRealEstateAndRealEstateJointVentures $81.00K USD 3 Qtrs
Contributions to unconsolidated affiliates PaymentsToAcquireRealEstateAndRealEstateJointVentures $199.00K USD 3 Qtrs
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $795.00K USD 3 Qtrs
Distributions received from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $849.00K USD 3 Qtrs
Real estate tax, insurance and replacement reserve escrows IncreaseDecreaseInRestrictedCash $3.02M USD 3 Qtrs
Real estate tax, insurance and replacement reserve escrows IncreaseDecreaseInRestrictedCash $3.94M USD 3 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $1.58M USD 3 Qtrs
Notes receivable payments received ProceedsFromCollectionOfNotesReceivable $4.00K USD 3 Qtrs
Payments for earnest money deposits PaymentsForDeposits $150.00K USD 3 Qtrs
Deferred insurance proceeds DeferredRevenueRevenueRecognized $-91.00K USD 3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-19.89M USD 3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-10.24M USD 3 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $164.00K USD 3 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $379.00K USD 3 Qtrs
Payments on investment certificates PaymentsOnInvestmentCertificates $72.00K USD 3 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $1.00K USD 3 Qtrs
Principal payments on special assessments payable PrincipalPaymentsOnSpecialAssessmentsPayable $6.00K USD 3 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $29.05M USD 3 Qtrs
Proceeds from issuance of mortgage notes payable ProceedsFromIssuanceOfMortgageNotesPayable $5.35M USD 3 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $14.58M USD 3 Qtrs
Principal payments on mortgage notes payable PrincipalPaymentsOnMortgageNotesPayable $14.84M USD 3 Qtrs
Net change in short-term notes payable ProceedsFromRepaymentsOfNotesPayable $-3.95M USD 3 Qtrs
Proceeds from issuance of shares ProceedsFromIssuanceOfCommonStock $18.27M USD 3 Qtrs
Proceeds from issuance of shares under optional purchase plan ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan $789.00K USD 3 Qtrs
Repurchase of shares/units PaymentsForRepurchaseOfCommonStock $3.08M USD 3 Qtrs
Repurchase of shares/units PaymentsForRepurchaseOfCommonStock $3.66M USD 3 Qtrs
Dividends paid PaymentsToMinorityShareholders $7.68M USD 3 Qtrs
Dividends paid PaymentsToMinorityShareholders $8.85M USD 3 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $67.00K USD 3 Qtrs
Payment of syndication costs PaymentOfSyndicationCosts $1.16M USD 3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-7.65M USD 3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $2.62M USD 3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-954.00K USD 3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-124.00K USD 3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.07M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.19M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $4.56M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.07M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END 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 paid during the period for interest, net of capitalized interest InterestPaid $8.88M USD 3 Qtrs
Cash paid during the period for interest, net of capitalized interest InterestPaid $8.48M USD 3 Qtrs
Dividends reinvested DistributionsReinvested $2.03M USD 3 Qtrs
Dividends reinvested DistributionsReinvested $1.66M USD 3 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $1.05M USD 3 Qtrs
Dividends declared and not paid DistributionsDeclaredAndNotPaid $1.13M USD 3 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.69M USD 3 Qtrs
UPREIT distributions declared and not paid SubsidiaryDistributionsDeclaredAndNotPaid $2.29M USD 3 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $69.00K USD 3 Qtrs
UPREIT units converted to REIT common shares SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities $1.59M USD 3 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $25.11M USD 3 Qtrs
Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares $4.06M USD 3 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $147.00K USD 3 Qtrs
Increase in land improvements due to increase in special assessments payable IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable $316.00K USD 3 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnDerivatives $-145.00K USD 3 Qtrs
Unrealized (gain) loss on interest rate swap UnrealizedGainLossOnDerivatives $64.00K USD 3 Qtrs
Acquisition of assets through assumption of debt and property property purchased with financing AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing $5.07M USD 3 Qtrs
Acquisition of assets through assumption of debt and property property purchased with financing AcquisitionOfAssetsThroughAssumptionOfDebtAndPropertyPurchasedWithFinancing $4.50M USD 3 Qtrs
Acquisition of assets with accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $348.00K USD 3 Qtrs
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $184.75M 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 5.40M shares Point-in-time
Contribution of assets in exchange for the issuance of noncontrolling interest shares NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $25.11M USD 3 Qtrs
Repurchase of shares StockRepurchasedDuringPeriodValue $3.08M USD 3 Qtrs
Dividends declared DividendsCommonStockCash $11.18M USD 3 Qtrs
Dividends reinvested - stock dividend StockIssuedDuringPeriodValueDividendReinvestmentPlan $2.03M USD 3 Qtrs
Dividends reinvested - stock dividend, shares StockIssuedDuringPeriodSharesDividendReinvestmentPlan 125,000.00 shares 3 Qtrs
Dividends reinvested - stock dividend, shares StockIssuedDuringPeriodSharesDividendReinvestmentPlan 153,000.00 shares 3 Qtrs
Issuance of shares under optional purchase plan StockIssuedDuringPeriodValueStockPurchasePlan $789.00K USD 3 Qtrs
Syndication costs SyndicationCosts $67.00K USD 3 Qtrs
Increase in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-64.00K USD 3 Qtrs
Increase in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.00K USD 1 Quarter
Increase in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $145.00K USD 3 Qtrs
Increase in fair value of interest rate swap OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-16.00K USD 1 Quarter
Distributions paid to consolidated real estate entity noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $128.00K USD 3 Qtrs
Net income ProfitLoss $6.55M USD 3 Qtrs
Net income ProfitLoss $2.75M USD 1 Quarter
Net income ProfitLoss $7.94M USD 3 Qtrs
Net income ProfitLoss $1.96M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $184.75M 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 5.40M shares Point-in-time

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

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