10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-308044 |
| Period End Date | 20140630 |
| Filing Date | 20140813 |
| Fiscal Year | 2014 |
| Fiscal Period | Q2 |
| XBRL Instance | ck0001412502-20140630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$2.62M | USD | Point-in-time |
| Accumulated amortization on financing cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$2.24M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$3.72M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$419.58M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$4.33M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$403.19M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$785.00K | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$504.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.56M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$432.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$7.80M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$5.58M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.17M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$7.37M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$64.00K | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$5.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$3.52M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$2.88M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.21M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$580.00K | USD | Point-in-time |
| Investment in marketable securities |
MarketableSecuritiesEquitySecurities
|
- | USD | Point-in-time |
| Investment in marketable securities |
MarketableSecuritiesEquitySecurities
|
$7.68M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $2,616 in 2014 and $2,240 in 2013 |
DeferredFinanceCostsNet
|
$2.95M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $2,616 in 2014 and $2,240 in 2013 |
DeferredFinanceCostsNet
|
$2.64M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $4,331 in 2014 and $3,720 in 2013 |
IntangibleAssetsNetExcludingGoodwill
|
$10.48M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $4,331 in 2014 and $3,720 in 2013 |
IntangibleAssetsNetExcludingGoodwill
|
$9.87M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$420.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$89.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$461.40M | USD | Point-in-time |
| Total Assets |
Assets
|
$448.30M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$239.01M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$238.74M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
$1.42M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$920.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$784.00K | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$3.99M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$4.48M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$294.00K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$469.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$2.31M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$2.48M | USD | Point-in-time |
| Investment certificates |
InvestmentCertificates
|
$367.00K | USD | Point-in-time |
| Investment certificates |
InvestmentCertificates
|
$364.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $504 in 2014 and $432 in 2013 |
OffMarketLeaseUnfavorable
|
$881.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $504 in 2014 and $432 in 2013 |
OffMarketLeaseUnfavorable
|
$953.00K | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$403.00K | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$1.13M | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$292.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$133.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$307.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$309.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$123.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$2.55M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$3.48M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$255.09M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$251.09M | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES-Note 18 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES-Note 18 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$152.72M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$141.54M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$55.98M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$53.89M | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-309.00K | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-307.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$206.31M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$461.40M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$448.30M | USD | Point-in-time |
Income Statement
143 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
RealEstateRevenueGross
|
$16.73M | USD | 1 Quarter |
| Real estate rental income |
RealEstateRevenueGross
|
$27.68M | USD | 2 Qtrs |
| Real estate rental income |
RealEstateRevenueGross
|
$13.96M | USD | 1 Quarter |
| Real estate rental income |
RealEstateRevenueGross
|
$33.26M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$1.85M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$528.00K | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$928.00K | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$1.09M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$34.35M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$14.89M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$17.26M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$29.53M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$2.66M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$6.15M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$3.08M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$5.35M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$6.73M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.80M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.38M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.96M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$1.62M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$3.22M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$1.26M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$2.58M | USD | 2 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$1.25M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$1.61M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$2.43M | USD | 2 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$3.17M | USD | 2 Qtrs |
| Utilities |
Utilities
|
$1.08M | USD | 1 Quarter |
| Utilities |
Utilities
|
$1.41M | USD | 1 Quarter |
| Utilities |
Utilities
|
$3.12M | USD | 2 Qtrs |
| Utilities |
Utilities
|
$2.27M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$5.03M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$2.67M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$1.51M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$2.90M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$402.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$800.00K | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$255.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$499.00K | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$27.57M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$13.82M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$11.35M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$22.48M | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$164.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$142.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$101.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$98.00K | USD | 1 Quarter |
| Advisory fees |
ServiceManagementCosts
|
$891.00K | USD | 2 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$701.00K | USD | 2 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$356.00K | USD | 1 Quarter |
| Advisory fees |
ServiceManagementCosts
|
$448.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$675.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$689.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$1.56M | USD | 2 Qtrs |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$1.05M | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$24.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$22.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$9.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$10.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$225.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$129.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$340.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$65.00K | USD | 1 Quarter |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$2.77M | USD | 2 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$2.35M | USD | 2 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$1.31M | USD | 1 Quarter |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$1.27M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$25.25M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$12.62M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$29.92M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$15.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$2.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$4.28M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$4.43M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.28M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$2.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$4.28M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$4.43M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.28M | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$475.00K | USD | 2 Qtrs |
| 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
|
$228.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$101.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$15.00K | USD | 2 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$158.00K | USD | 2 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$7.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$24.00K | USD | 2 Qtrs |
| Gain on trading securities |
TradingSecuritiesRealizedGain
|
$330.00K | USD | 1 Quarter |
| Gain on trading securities |
TradingSecuritiesRealizedGain
|
$575.00K | USD | 2 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$376.00K | USD | 2 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$1.23M | USD | 2 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$659.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$198.00K | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.79M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.66M | USD | 2 Qtrs |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$5.66M | USD | 2 Qtrs |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.48M | USD | 1 Quarter |
| Discontinued operations |
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
|
$281.00K | USD | 1 Quarter |
| Discontinued operations |
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
|
$530.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$5.19M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.76M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.61M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$4.08M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$2.02M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.92M | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.58M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$834.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$777.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.57M | USD | 2 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.29 | USD | 2 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.27 | USD | 2 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.14 | USD | 1 Quarter |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.14 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.02 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.03 | 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
|
$0.29 | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.14 | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.16 | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$5.19M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.76M | USD | 1 Quarter |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$107.00K | USD | 1 Quarter |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$142.00K | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$5.33M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.86M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.79M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$5.66M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.01M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$4.09M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.00M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.71M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$865.00K | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$776.00K | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.62M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.57M | USD | 2 Qtrs |
Cash Flow Statement
117 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$5.19M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.76M | USD | 1 Quarter |
| Gain on sale of real estate |
GainOnSaleOfRealEstateInvestments
|
- | USD | 2 Qtrs |
| Gain on sale of real estate |
GainOnSaleOfRealEstateInvestments
|
$37.00K | USD | 2 Qtrs |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLoss
|
- | USD | 2 Qtrs |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLoss
|
$524.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$475.00K | USD | 2 Qtrs |
| 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
|
$228.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.82M | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$2.71M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$2.94M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.29M | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$909.00K | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$911.00K | USD | 2 Qtrs |
| Tenant security deposits |
IncreaseDecreaseInSecurityDeposits
|
$-172.00K | USD | 2 Qtrs |
| Tenant security deposits |
IncreaseDecreaseInSecurityDeposits
|
$-211.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-337.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-59.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$183.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-641.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-423.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-629.00K | USD | 2 Qtrs |
| Marketable securities |
IncreaseDecreaseInMarketableSecuritiesRestricted
|
$7.15M | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$321.00K | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$214.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$175.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$47.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDepositPayable
|
$-242.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDepositPayable
|
$-178.00K | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-263.00K | USD | 2 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-37.00K | USD | 2 Qtrs |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$906.00K | USD | 2 Qtrs |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$1.24M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$12.64M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$6.07M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$15.08M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$4.13M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$843.00K | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$3.71M | USD | 2 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$276.00K | USD | 2 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
- | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
- | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$47.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
$213.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
$647.00K | USD | 2 Qtrs |
| Distributions received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$420.00K | USD | 2 Qtrs |
| Distributions received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$632.00K | USD | 2 Qtrs |
| Real estate tax, insurance and replacement reserve escrows |
RealEstateTaxAndInsuranceEscrows
|
$2.04M | USD | 2 Qtrs |
| Real estate tax, insurance and replacement reserve escrows |
RealEstateTaxAndInsuranceEscrows
|
$2.53M | USD | 2 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
- | USD | 2 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$4.00K | USD | 2 Qtrs |
| Deferred insurance proceeds |
DeferredRevenueRevenueRecognized
|
$98.00K | USD | 2 Qtrs |
| Deferred insurance proceeds |
DeferredRevenueRevenueRecognized
|
$120.00K | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-17.87M | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-9.73M | USD | 2 Qtrs |
| Payments for financing costs |
PaymentsOfFinancingCosts
|
$70.00K | USD | 2 Qtrs |
| Payments for financing costs |
PaymentsOfFinancingCosts
|
- | USD | 2 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$300.00K | USD | 2 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$6.00K | USD | 2 Qtrs |
| Reinvested proceeds from investment certificates |
ProceedsFromSaleAndMaturityOfOtherInvestments
|
- | USD | 2 Qtrs |
| Reinvested proceeds from investment certificates |
ProceedsFromSaleAndMaturityOfOtherInvestments
|
$8.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$11.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$6.00K | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$19.01M | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$2.86M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$12.93M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$3.83M | USD | 2 Qtrs |
| Net change in lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$6.00M | USD | 2 Qtrs |
| Net change in lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$1.42M | USD | 2 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$811.00K | USD | 2 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$401.00K | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$2.13M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$3.81M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$5.80M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$6.77M | USD | 2 Qtrs |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
$67.00K | USD | 2 Qtrs |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
- | USD | 2 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-9.40M | USD | 2 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$4.18M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.05M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-13.06M | USD | 2 Qtrs |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$785.00K | 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
|
$4.56M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$785.00K | 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
|
$4.56M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$6.18M | USD | 2 Qtrs |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$5.62M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$1.57M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$1.36M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.22M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.12M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.26M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$2.59M | USD | 2 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$23.00K | USD | 2 Qtrs |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$17.55M | USD | 2 Qtrs |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$13.71M | USD | 2 Qtrs |
| Contributed assets in real estate venture |
ContributionOfProperty
|
$1.32M | USD | 2 Qtrs |
| Purchase of subsidiary ownership from noncontrolling interest in exchange for the issuance of noncontrolling interest units in UPREIT |
PurchaseOfSubsidiaryOwnershipInExchangeForIssuanceOfNoncontrollingInterest
|
- | USD | 2 Qtrs |
| Purchase of subsidiary ownership from noncontrolling interest in exchange for the issuance of noncontrolling interest units in UPREIT |
PurchaseOfSubsidiaryOwnershipInExchangeForIssuanceOfNoncontrollingInterest
|
$791.00K | 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
|
$135.00K | USD | 2 Qtrs |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$107.00K | USD | 1 Quarter |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$142.00K | USD | 2 Qtrs |
| Acquisition of assets through assumption of debt and liabilities and property purchased with financing |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
- | USD | 2 Qtrs |
| Acquisition of assets through assumption of debt and liabilities and property purchased with financing |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$740.00K | USD | 2 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$1.15M | 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
|
$206.31M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Beginning Balance, shares |
CommonStockSharesOutstanding
|
5.45M | shares | Point-in-time |
| Beginning Balance, shares |
CommonStockSharesOutstanding
|
5.42M | shares | Point-in-time |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$14.40M | USD | 2 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$3.81M | USD | 2 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$8.82M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$1.57M | USD | 2 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$811.00K | USD | 2 Qtrs |
| Purchase of subsidary ownership from noncontrolling interest |
PurchaseOfSubsidiaryOwnershipFromNoncontrollingInterest
|
$-691.00K | USD | 2 Qtrs |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$107.00K | USD | 1 Quarter |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$142.00K | USD | 2 Qtrs |
| Distributions paid to consolidated real estate entity noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$11.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$5.19M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$2.76M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$206.31M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Ending balance, shares |
CommonStockSharesOutstanding
|
5.45M | shares | Point-in-time |
| Ending balance, shares |
CommonStockSharesOutstanding
|
5.42M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.