10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-15-001635 |
| Period End Date | 20150630 |
| Filing Date | 20150813 |
| Fiscal Year | 2015 |
| Fiscal Period | Q2 |
| XBRL Instance | sret-20150630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$3.27M | USD | Point-in-time |
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$2.98M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$5.50M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$4.87M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$549.07M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$532.26M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$636.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.37M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$572.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$785.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$643.00K | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$5.19M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$6.73M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.08M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$8.93M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$109.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$2.95M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$3.18M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.58M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.71M | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$600.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$600.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $3,271 in 2015 and $2,985 in 2014 |
DeferredFinanceCostsNet
|
$3.92M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $3,271 in 2015 and $2,985 in 2014 |
DeferredFinanceCostsNet
|
$3.76M | USD | Point-in-time |
| Assets held for sale |
RealEstateHeldforsale
|
$967.00K | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $5,496 in 2015 and $4,866 in 2014 |
IntangibleAssetsNetExcludingGoodwill
|
$9.22M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $5,496 in 2015 and $4,866 in 2014 |
IntangibleAssetsNetExcludingGoodwill
|
$9.66M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$76.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$56.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$589.66M | USD | Point-in-time |
| Total Assets |
Assets
|
$567.02M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$337.39M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$324.89M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
$16.42M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$918.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$934.00K | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$4.55M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$5.21M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$2.50M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$464.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.11M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.30M | USD | Point-in-time |
| Investment certificates |
InvestmentCertificates
|
$145.00K | USD | Point-in-time |
| Investment certificates |
InvestmentCertificates
|
$319.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $636 in 2015 and $572 in 2014 |
OffMarketLeaseUnfavorable
|
$742.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $636 in 2015 and $572 in 2014 |
OffMarketLeaseUnfavorable
|
$806.00K | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$1.49M | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$1.10M | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$555.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$691.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$272.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$255.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$113.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$72.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$5.47M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$4.03M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$354.36M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$361.39M | 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
|
$154.62M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$150.59M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$80.93M | USD | Point-in-time |
| Beneficial interest |
CommonStockValueOutstanding
|
$55.31M | USD | Point-in-time |
| Accumulated comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-255.00K | USD | Point-in-time |
| Accumulated comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-272.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$235.30M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$205.63M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$567.02M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$589.66M | USD | Point-in-time |
Income Statement
131 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$16.73M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$22.84M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$33.26M | USD | 2 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$45.08M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$1.09M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$711.00K | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$1.30M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$528.00K | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$34.35M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$23.55M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$17.26M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$46.38M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$6.15M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$3.90M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$3.08M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$7.85M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$8.60M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$6.73M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.38M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$4.35M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$2.58M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$1.61M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$3.51M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$1.26M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$4.67M | USD | 2 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$3.17M | USD | 2 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$1.61M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$2.34M | USD | 1 Quarter |
| Utilities |
Utilities
|
$3.85M | USD | 2 Qtrs |
| Utilities |
Utilities
|
$1.75M | USD | 1 Quarter |
| Utilities |
Utilities
|
$1.41M | USD | 1 Quarter |
| Utilities |
Utilities
|
$3.12M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$3.73M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$5.03M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$2.67M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$7.02M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$542.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$402.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$800.00K | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$1.14M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$13.82M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$27.57M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$18.21M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$36.64M | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$98.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$98.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$164.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$176.00K | USD | 2 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$891.00K | USD | 2 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$1.15M | USD | 2 Qtrs |
| Advisory fees |
ServiceManagementCosts
|
$578.00K | USD | 1 Quarter |
| Advisory fees |
ServiceManagementCosts
|
$448.00K | USD | 1 Quarter |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$1.05M | USD | 2 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$810.00K | USD | 2 Qtrs |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$280.00K | USD | 1 Quarter |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$689.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$10.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$12.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$23.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$24.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$225.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$86.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$65.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$333.00K | USD | 2 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$1.05M | USD | 1 Quarter |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$2.35M | USD | 2 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$2.49M | USD | 2 Qtrs |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$1.31M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$19.27M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$29.92M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$39.13M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$15.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$4.29M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$4.43M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$7.25M | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$487.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$475.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$282.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$228.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$158.00K | USD | 2 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$17.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$31.00K | USD | 2 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$101.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$11.00K | USD | 2 Qtrs |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$11.00K | USD | 1 Quarter |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$24.00K | USD | 2 Qtrs |
| Gain on disposal of marketable securities |
MarketableSecuritiesGainLoss
|
$575.00K | USD | 2 Qtrs |
| Gain on disposal of marketable securities |
MarketableSecuritiesGainLoss
|
$330.00K | USD | 1 Quarter |
| Loss on extinguishment of debt |
WriteOffOfDeferredDebtIssuanceCost
|
$1.00K | USD | 2 Qtrs |
| Loss on extinguishment of debt |
WriteOffOfDeferredDebtIssuanceCost
|
$1.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$659.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$309.00K | USD | 1 Quarter |
| Total other income |
InterestAndOtherIncome
|
$528.00K | USD | 2 Qtrs |
| Total other income |
InterestAndOtherIncome
|
$1.23M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$2.02M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$3.08M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.31M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$4.08M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$777.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.46M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.57M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.51M | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.29 | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.20 | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.14 | USD | 1 Quarter |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.36 | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Other comprehensive income (loss) - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Other comprehensive income (loss) - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Other comprehensive income (loss) - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$28.00K | USD | 1 Quarter |
| Other comprehensive income (loss) - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.79M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$4.62M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$5.66M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.79M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.10M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$4.09M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.32M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$2.01M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.57M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$776.00K | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$2.47M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.52M | USD | 1 Quarter |
Cash Flow Statement
115 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLossNet
|
$524.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$487.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$475.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$282.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$228.00K | USD | 1 Quarter |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$487.00K | USD | 2 Qtrs |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$493.00K | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$7.62M | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$2.94M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.85M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.82M | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$993.00K | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$911.00K | USD | 2 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$172.00K | USD | 2 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$721.00K | USD | 2 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$2.06M | USD | 2 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-1.04M | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-109.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-59.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-104.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-641.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$130.00K | 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
|
$-20.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$175.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-2.04M | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$127.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$178.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-582.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-263.00K | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.51M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$906.00K | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$12.81M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$4.51M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$4.54M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$4.13M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$3.71M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$2.51M | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$47.00K | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$10.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$647.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$35.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$184.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$139.00K | USD | 2 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$-13.00K | USD | 2 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$-1.22M | USD | 2 Qtrs |
| Deferred insurance proceeds |
DeferredInsuranceProceeds
|
$120.00K | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-8.17M | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-5.67M | USD | 2 Qtrs |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$581.00K | USD | 2 Qtrs |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$70.00K | USD | 2 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$6.00K | USD | 2 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$174.00K | USD | 2 Qtrs |
| Reinvested proceeds from investment certificates |
ProceedsFromSaleAndMaturityOfOtherInvestments
|
$8.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$66.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$11.00K | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$2.86M | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable |
ProceedsFromIssuanceOfLongTermDebt
|
$9.64M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$10.29M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$3.83M | USD | 2 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$9.63M | USD | 2 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$5.18M | USD | 2 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$26.05M | USD | 2 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$3.76M | USD | 2 Qtrs |
| Proceeds from issuance of common shares |
ProceedsFromIssuanceOfCommonStock
|
$25.75M | 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
|
$840.00K | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$3.81M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.10M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$7.67M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$6.77M | USD | 2 Qtrs |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
$1.33M | USD | 2 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-1.41M | USD | 2 Qtrs |
| NET CASH USED IN FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-9.40M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-13.06M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$5.73M | USD | 2 Qtrs |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.37M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$785.00K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$643.00K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.37M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END 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
|
$643.00K | 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
|
$7.70M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$1.57M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$1.96M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.73M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.22M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.26M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.48M | 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
|
$6.05M | 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
|
$791.00K | USD | 2 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$135.00K | USD | 2 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$47.00K | USD | 2 Qtrs |
| Unrealized gain (loss) on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Unrealized gain (loss) on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Unrealized gain (loss) on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$28.00K | USD | 1 Quarter |
| Unrealized gain (loss) on interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 2 Qtrs |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$10.23M | USD | 2 Qtrs |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$740.00K | USD | 2 Qtrs |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$370.00K | USD | 2 Qtrs |
| Capitalized interest related to construction in progress |
InterestCostsCapitalized
|
$62.00K | USD | 2 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$1.15M | USD | 2 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$2.96M | USD | 2 Qtrs |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$235.30M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$205.63M | USD | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
5.62M | shares | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
7.44M | shares | Point-in-time |
| Issuance of common shares |
StockIssuedDuringPeriodValueNewIssues
|
$25.75M | USD | 2 Qtrs |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$6.05M | USD | 2 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$1.10M | USD | 2 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$10.29M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$1.96M | USD | 2 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$840.00K | USD | 2 Qtrs |
| Syndication Costs |
SyndicationCosts
|
$-1.33M | USD | 2 Qtrs |
| Decrease in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-7.00K | USD | 1 Quarter |
| Decrease in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$2.00K | USD | 2 Qtrs |
| Decrease in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$28.00K | USD | 1 Quarter |
| Decrease in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$5.66M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.79M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$235.30M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$205.63M | USD | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
5.62M | shares | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
7.44M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.