10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-14-000390 |
| Period End Date | 20140930 |
| Filing Date | 20141113 |
| Fiscal Year | 2014 |
| Fiscal Period | Q3 |
| XBRL Instance | sret-20140930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$2.71M | 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
|
$422.11M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$403.19M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$4.57M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$432.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.63M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$536.00K | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$6.43M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$5.58M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$7.37M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.03M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$5.00K | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$64.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$2.91M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$3.52M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.21M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$219.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$600.00K | USD | Point-in-time |
| Investment in marketable securities |
MarketableSecuritiesEquitySecurities
|
$7.68M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $2,709 in 2014 and $2,240 in 2013 |
DeferredFinanceCostsNet
|
$2.75M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $2,709 in 2014 and $2,240 in 2013 |
DeferredFinanceCostsNet
|
$2.95M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $4,567 in 2014 and $3,720 in 2013 |
IntangibleAssetsNetExcludingGoodwill
|
$9.52M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $4,567 in 2014 and $3,720 in 2013 |
IntangibleAssetsNetExcludingGoodwill
|
$10.48M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$107.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$89.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$448.30M | USD | Point-in-time |
| Total Assets |
Assets
|
$471.00M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$239.01M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$247.79M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$940.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$784.00K | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$4.53M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$3.99M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$184.00K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$294.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$2.54M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$2.31M | 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 $536 in 2014 and $432 in 2013 |
OffMarketLeaseUnfavorable
|
$842.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $536 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
|
$1.00M | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$133.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$427.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$268.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$309.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$120.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$2.55M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$4.76M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$263.77M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$251.09M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$152.31M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$141.54M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$55.19M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$55.98M | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-309.00K | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-268.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$207.23M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$448.30M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$471.00M | USD | Point-in-time |
Income Statement
149 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$50.47M | USD | 3 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$14.54M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$17.21M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$42.22M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$541.00K | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$1.63M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$2.80M | USD | 3 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$948.00K | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$52.10M | USD | 3 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$15.49M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$17.75M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$45.02M | USD | 3 Qtrs |
| Interest |
FinancingInterestExpense
|
$9.20M | USD | 3 Qtrs |
| Interest |
FinancingInterestExpense
|
$3.05M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$2.68M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$8.04M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.05M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$8.85M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$10.22M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.48M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$1.70M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$1.30M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$3.88M | USD | 3 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$4.92M | USD | 3 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$1.34M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$3.78M | USD | 3 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$4.87M | USD | 3 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$1.71M | USD | 1 Quarter |
| Utilities |
Utilities
|
$967.00K | USD | 1 Quarter |
| Utilities |
Utilities
|
$3.24M | USD | 3 Qtrs |
| Utilities |
Utilities
|
$1.17M | USD | 1 Quarter |
| Utilities |
Utilities
|
$4.29M | USD | 3 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$1.79M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$4.69M | USD | 3 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$8.39M | USD | 3 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$3.36M | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$1.22M | USD | 3 Qtrs |
| Insurance |
RealEstateInsurance
|
$419.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$858.00K | USD | 3 Qtrs |
| 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 |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$42.06M | USD | 3 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$12.11M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$34.59M | USD | 3 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$14.49M | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$224.00K | USD | 3 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$183.00K | USD | 3 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$60.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$40.00K | USD | 1 Quarter |
| Advisory fees |
ServiceManagementCosts
|
$1.36M | USD | 3 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$1.07M | USD | 3 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$465.00K | USD | 1 Quarter |
| Advisory fees |
ServiceManagementCosts
|
$367.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$1.24M | USD | 3 Qtrs |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$620.00K | USD | 1 Quarter |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$2.18M | USD | 3 Qtrs |
| Acquisition expenses |
BusinessCombinationAcquisitionRelatedCosts
|
$194.00K | USD | 1 Quarter |
| Development fee |
DevelopmentFees
|
$166.00K | USD | 1 Quarter |
| Development fee |
DevelopmentFees
|
$166.00K | USD | 3 Qtrs |
| Trustee fees |
TrusteeFees
|
$38.00K | USD | 3 Qtrs |
| Trustee fees |
TrusteeFees
|
$35.00K | USD | 3 Qtrs |
| Trustee fees |
TrusteeFees
|
$15.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$11.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$81.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$455.00K | USD | 3 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$115.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$306.00K | USD | 3 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$977.00K | USD | 1 Quarter |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$3.33M | USD | 3 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$1.16M | USD | 1 Quarter |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$3.93M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$38.52M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$13.27M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$15.47M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$45.39M | USD | 3 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$6.50M | USD | 3 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.22M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$6.71M | USD | 3 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.28M | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$785.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$243.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$604.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$310.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$21.00K | USD | 3 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$7.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$133.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$291.00K | USD | 3 Qtrs |
| Gain on disposal of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$69.00K | USD | 1 Quarter |
| Gain on disposal of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$69.00K | USD | 3 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$17.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$17.00K | USD | 3 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$24.00K | USD | 3 Qtrs |
| Gain (loss) on marketable securities |
MarketableSecuritiesGainLoss
|
$463.00K | USD | 3 Qtrs |
| Gain (loss) on marketable securities |
MarketableSecuritiesGainLoss
|
$-112.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$1.63M | USD | 3 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$642.00K | USD | 3 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$267.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$400.00K | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.68M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$8.34M | USD | 3 Qtrs |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$7.14M | USD | 3 Qtrs |
| Income from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.49M | USD | 1 Quarter |
| Discontinued operations |
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
|
$797.00K | USD | 3 Qtrs |
| Discontinued operations |
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
|
$265.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.75M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$8.34M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$7.94M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.68M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$6.03M | USD | 3 Qtrs |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.94M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.92M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.52M | USD | 3 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.42M | USD | 3 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$837.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$735.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.31M | USD | 3 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.14 | USD | 1 Quarter |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.41 | USD | 3 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.42 | USD | 3 Qtrs |
| Continued operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.13 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.04 | USD | 3 Qtrs |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.02 | 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
|
$0.45 | USD | 3 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.42 | USD | 3 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.13 | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.75M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$8.34M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$7.94M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.68M | USD | 1 Quarter |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 1 Quarter |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$41.00K | USD | 3 Qtrs |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$145.00K | USD | 3 Qtrs |
| Other comprehensive income-change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$38.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$8.09M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.76M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$8.38M | USD | 3 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.72M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.92M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$6.06M | USD | 3 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.62M | USD | 3 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.97M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.46M | USD | 3 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.32M | USD | 3 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$838.00K | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$745.00K | USD | 1 Quarter |
Cash Flow Statement
119 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$2.75M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$8.34M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$7.94M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.68M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnSaleOfProperties
|
$69.00K | USD | 3 Qtrs |
| Gain on sale of real estate |
GainLossOnSaleOfProperties
|
$37.00K | USD | 3 Qtrs |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLoss
|
$463.00K | USD | 3 Qtrs |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLoss
|
$-112.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$-24.00K | 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 |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$785.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$243.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$604.00K | USD | 3 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$310.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$8.05M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$3.01M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$8.83M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$2.75M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$1.38M | USD | 3 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$1.37M | USD | 3 Qtrs |
| Tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$295.00K | USD | 3 Qtrs |
| Tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$239.00K | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-337.00K | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-59.00K | USD | 3 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-627.00K | USD | 3 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$1.07M | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-707.00K | USD | 3 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-990.00K | USD | 3 Qtrs |
| Marketable securities |
IncreaseDecreaseInMarketableSecuritiesRestricted
|
$7.22M | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$8.00K | USD | 3 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$3.47M | USD | 3 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$16.00K | USD | 3 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-87.00K | USD | 3 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$235.00K | USD | 3 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$368.00K | USD | 3 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-41.00K | USD | 3 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$111.00K | USD | 3 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$2.02M | USD | 3 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$2.69M | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$13.55M | USD | 3 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$16.31M | USD | 3 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$13.02M | USD | 3 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$4.99M | USD | 3 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$4.03M | USD | 3 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$7.19M | USD | 3 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$625.00K | USD | 3 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$276.00K | USD | 3 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$252.00K | USD | 3 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$199.00K | USD | 3 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$648.00K | USD | 3 Qtrs |
| Distributions received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$849.00K | USD | 3 Qtrs |
| Distributions received from unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$1.08M | USD | 3 Qtrs |
| Real estate tax, insurance and replacement reserve escrows |
RealEstateTaxAndInsuranceEscrows
|
$3.94M | USD | 3 Qtrs |
| Real estate tax, insurance and replacement reserve escrows |
RealEstateTaxAndInsuranceEscrows
|
$602.00K | USD | 3 Qtrs |
| Notes receivable issued |
PaymentsToAcquireNotesReceivable
|
$600.00K | USD | 3 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$4.00K | USD | 3 Qtrs |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$-91.00K | USD | 3 Qtrs |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$189.00K | USD | 3 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-19.89M | USD | 3 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-12.13M | USD | 3 Qtrs |
| Payments for financing costs |
PaymentsOfFinancingCosts
|
$382.00K | USD | 3 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$379.00K | USD | 3 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$6.00K | USD | 3 Qtrs |
| Reinvested proceeds from investment certificates |
ProceedsFromSaleAndMaturityOfOtherInvestments
|
$8.00K | USD | 3 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$25.00K | USD | 3 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$6.00K | USD | 3 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$13.91M | USD | 3 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$29.05M | USD | 3 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$5.83M | USD | 3 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$14.84M | USD | 3 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$789.00K | USD | 3 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.33M | USD | 3 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$4.19M | USD | 3 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$3.08M | USD | 3 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$8.85M | USD | 3 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$10.45M | USD | 3 Qtrs |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
$67.00K | USD | 3 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$2.62M | USD | 3 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-5.64M | USD | 3 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-954.00K | USD | 3 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.21M | USD | 3 Qtrs |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$9.63M | 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
|
$3.60M | 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
|
$9.63M | 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
|
$3.60M | 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
|
$8.48M | USD | 3 Qtrs |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$9.18M | USD | 3 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$2.03M | USD | 3 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$2.39M | USD | 3 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.13M | USD | 3 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.25M | USD | 3 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.28M | USD | 3 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$2.69M | USD | 3 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$69.00K | USD | 3 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$700.00K | USD | 3 Qtrs |
| Stock issued pursuant to trustee compensation plan |
StockIssued1
|
$23.00K | 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
|
$15.47M | USD | 3 Qtrs |
| Contributed assets in real estate venture |
ContributionOfProperty
|
$1.32M | USD | 3 Qtrs |
| Purchase of subsidiary ownership from noncontrolling interest in exchange for the issuance of noncontrolling interest units in UPREIT |
PurchaseOfSubsidiaryOwnershipInExchangeForIssuanceOfNoncontrollingInterest
|
$791.00K | USD | 3 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$167.00K | USD | 3 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$147.00K | USD | 3 Qtrs |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 1 Quarter |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$41.00K | USD | 3 Qtrs |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$145.00K | USD | 3 Qtrs |
| Unrealized gain on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$38.00K | USD | 1 Quarter |
| Acquisition of assets through assumption of debt and liabilities and property purchased with financing |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$4.50M | USD | 3 Qtrs |
| Acquisition of assets through assumption of debt and liabilities and property purchased with financing |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$705.00K | USD | 3 Qtrs |
| Capitalized interest related to construction in progress |
InterestCostsCapitalized
|
$158.00K | USD | 3 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$-348.00K | USD | 3 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$937.00K | USD | 3 Qtrs |
Stockholders Equity
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$207.23M | USD | Point-in-time |
| Beginning Balance, shares |
CommonStockSharesOutstanding
|
5.45M | shares | Point-in-time |
| Beginning Balance, shares |
CommonStockSharesOutstanding
|
5.55M | shares | Point-in-time |
| Shares issued pursuant to trustee compensation plan |
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
$23.00K | USD | 3 Qtrs |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$16.16M | USD | 3 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$4.19M | USD | 3 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$13.35M | USD | 3 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$2.39M | USD | 3 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$1.33M | USD | 3 Qtrs |
| Purchase of subsidary ownership from noncontrolling interest |
PurchaseOfSubsidiaryOwnershipFromNoncontrollingInterest
|
$-709.00K | USD | 3 Qtrs |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 1 Quarter |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$41.00K | USD | 3 Qtrs |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$145.00K | USD | 3 Qtrs |
| Increase in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$38.00K | USD | 1 Quarter |
| Distributions paid to consolidated real estate entity noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$11.00K | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.75M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$8.34M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$7.94M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$2.68M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$207.23M | USD | Point-in-time |
| Ending balance, shares |
CommonStockSharesOutstanding
|
5.45M | shares | Point-in-time |
| Ending balance, shares |
CommonStockSharesOutstanding
|
5.55M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.