10-K Filing
Filing Information
| Form Type | 10-K |
| Accession Number | 0001558370-16-004086 |
| Period End Date | 20151231 |
| Filing Date | 20160314 |
| Fiscal Year | 2015 |
| Fiscal Period | FY |
| XBRL Instance | sret-20151231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
75 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$2.98M | USD | Point-in-time |
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$3.54M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$4.87M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$594.51M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$532.26M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$7.66M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$572.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$803.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.46M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$643.00K | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$6.12M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$6.73M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.02M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.08M | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$109.00K | USD | Point-in-time |
| Due from related party |
DueFromRelatedParties
|
$60.00K | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$3.43M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$2.95M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$844.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$1.58M | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$600.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$651.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $3,536 in 2015 and $2,985 in 2014 |
DeferredFinanceCostsNet
|
$4.62M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $3,536 in 2015 and $2,985 in 2014 |
DeferredFinanceCostsNet
|
$3.76M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$1.72M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $7,655 in 2015 and $4,866 in 2014 |
IntangibleAssetsNetExcludingGoodwill
|
$18.18M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $7,655 in 2015 and $4,866 in 2014 |
IntangibleAssetsNetExcludingGoodwill
|
$9.22M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$76.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$140.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$567.02M | USD | Point-in-time |
| Total Assets |
Assets
|
$645.76M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$383.29M | USD | Point-in-time |
| Mortgage notes payable |
LongTermDebt
|
$324.89M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
$16.42M | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$934.00K | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$1.66M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$5.32M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$4.55M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$2.50M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$440.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.11M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.76M | USD | Point-in-time |
| Investment certificates and unsubordinated debt |
InvestmentCertificatesAndUnsubordinatedDebt
|
$319.00K | USD | Point-in-time |
| Investment certificates and unsubordinated debt |
InvestmentCertificatesAndUnsubordinatedDebt
|
$200.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $803 in 2015 and $572 in 2014 |
OffMarketLeaseUnfavorable
|
$806.00K | USD | Point-in-time |
| Unfavorable leases, less accumulated amortization of $803 in 2015 and $572 in 2014 |
OffMarketLeaseUnfavorable
|
$2.25M | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$1.49M | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$819.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$555.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$6.00K | USD | Point-in-time |
| Liabilities related to assets held for sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$659.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$219.00K | USD | Point-in-time |
| Fair value of interest rate swaps |
InterestRateDerivativeLiabilitiesAtFairValue
|
$272.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$69.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$72.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$6.63M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$5.47M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$405.33M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$361.39M | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 18 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS and CONTINGENCIES - Note 18 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$645.76M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$567.02M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$150.59M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$154.81M | USD | Point-in-time |
| Noncontrolling interest in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$4.54M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$55.31M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$81.30M | USD | Point-in-time |
| Accumulated comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-272.00K | USD | Point-in-time |
| Accumulated comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-219.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$205.63M | USD | Point-in-time |
Income Statement
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$68.71M | USD | Annual |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$93.33M | USD | Annual |
| Tenant reimbursements |
TenantReimbursements
|
$2.23M | USD | Annual |
| Tenant reimbursements |
TenantReimbursements
|
$3.85M | USD | Annual |
| Total income from rental operations |
RealEstateRevenueNet
|
$70.94M | USD | Annual |
| Total income from rental operations |
RealEstateRevenueNet
|
$97.18M | USD | Annual |
| Interest |
FinancingInterestExpense
|
$12.49M | USD | Annual |
| Interest |
FinancingInterestExpense
|
$16.48M | USD | Annual |
| Depreciation and amortization |
DepreciationAndAmortization
|
$14.04M | USD | Annual |
| Depreciation and amortization |
DepreciationAndAmortization
|
$20.24M | USD | Annual |
| Real estate taxes |
RealEstateTaxExpense
|
$7.85M | USD | Annual |
| Real estate taxes |
RealEstateTaxExpense
|
$5.32M | USD | Annual |
| Property management fees |
OwnedPropertyManagementCosts
|
$6.51M | USD | Annual |
| Property management fees |
OwnedPropertyManagementCosts
|
$9.62M | USD | Annual |
| Utilities |
Utilities
|
$5.61M | USD | Annual |
| Utilities |
Utilities
|
$7.22M | USD | Annual |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$11.72M | USD | Annual |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$17.73M | USD | Annual |
| Insurance |
RealEstateInsurance
|
$2.29M | USD | Annual |
| Insurance |
RealEstateInsurance
|
$1.65M | USD | Annual |
| Loss on lease termination |
GainLossOnContractTermination
|
$-58.00K | USD | Annual |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
$412.00K | USD | Annual |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
- | USD | Annual |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$81.83M | USD | Annual |
| Total expenses from rental operations |
CostOfRealEstateRevenue
|
$57.40M | USD | Annual |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$338.00K | USD | Annual |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$281.00K | USD | Annual |
| Advisory fees |
ServiceManagementCosts
|
$2.40M | USD | Annual |
| Advisory fees |
ServiceManagementCosts
|
$1.85M | USD | Annual |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$4.20M | USD | Annual |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$2.32M | USD | Annual |
| Trustee fees |
TrusteeFees
|
$51.00K | USD | Annual |
| Trustee fees |
TrusteeFees
|
$56.00K | USD | Annual |
| Legal and accounting |
ProfessionalFees
|
$534.00K | USD | Annual |
| Legal and accounting |
ProfessionalFees
|
$431.00K | USD | Annual |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$5.65M | USD | Annual |
| Total Administration of REIT |
SellingGeneralAndAdministrativeExpense
|
$6.82M | USD | Annual |
| Total expenses |
OperatingExpenses
|
$64.23M | USD | Annual |
| Total expenses |
OperatingExpenses
|
$87.48M | USD | Annual |
| Income from operations |
OperatingIncomeLoss
|
$6.71M | USD | Annual |
| Income from operations |
OperatingIncomeLoss
|
$9.70M | USD | Annual |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$957.00K | USD | Annual |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$1.09M | USD | Annual |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$376.00K | USD | Annual |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$59.00K | USD | Annual |
| Gain on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$69.00K | USD | Annual |
| Gain on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$470.00K | USD | Annual |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$197.00K | USD | Annual |
| Gain on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$398.00K | USD | Annual |
| Gain on disposal of marketable securities |
MarketableSecuritiesGainLoss
|
$666.00K | USD | Annual |
| Total other income |
InterestAndOtherIncome
|
$1.68M | USD | Annual |
| Total other income |
InterestAndOtherIncome
|
$2.60M | USD | Annual |
| Net income |
ProfitLoss
|
$9.30M | USD | Annual |
| Net income |
ProfitLoss
|
$11.38M | USD | Annual |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
$7.68M | USD | Annual |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
$6.71M | USD | Annual |
| Net income attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
|
$-586.00K | USD | Annual |
| Net income attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
|
$9.00K | USD | Annual |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$4.29M | USD | Annual |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.58M | USD | Annual |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-18.00K | USD | Annual |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.47 | USD | Annual |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.59 | USD | Annual |
| Net income |
ProfitLoss
|
$9.30M | USD | Annual |
| Net income |
ProfitLoss
|
$11.38M | USD | Annual |
| Other comprehensive income - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$53.00K | USD | Annual |
| Other comprehensive income - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$37.00K | USD | Annual |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$9.34M | USD | Annual |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$11.44M | USD | Annual |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$7.13M | USD | Annual |
| Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$6.75M | USD | Annual |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$4.30M | USD | Annual |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$2.59M | USD | Annual |
Cash Flow Statement
123 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$9.30M | USD | Annual |
| Net income |
ProfitLoss
|
$11.38M | USD | Annual |
| Gain on sale of real estate |
GainOnSaleOfRealEstateInvestments
|
$69.00K | USD | Annual |
| Gain on sale of real estate |
GainOnSaleOfRealEstateInvestments
|
$470.00K | USD | Annual |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-18.00K | USD | Annual |
| Net gain on investment in marketable securities |
MarketableSecuritiesGainLossNet
|
$666.00K | USD | Annual |
| Gain on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$398.00K | USD | Annual |
| Gain on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$197.00K | USD | Annual |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
$412.00K | USD | Annual |
| Loss on impairment of property |
ImpairmentOfRealEstate
|
- | USD | Annual |
| Loss on lease termination |
GainLossOnContractTermination
|
$-58.00K | USD | Annual |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$957.00K | USD | Annual |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$1.09M | USD | Annual |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$900.00K | USD | Annual |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$1.09M | USD | Annual |
| Depreciation |
Depreciation
|
$16.47M | USD | Annual |
| Depreciation |
Depreciation
|
$12.12M | USD | Annual |
| Amortization |
AdjustmentForAmortization
|
$1.90M | USD | Annual |
| Amortization |
AdjustmentForAmortization
|
$3.74M | USD | Annual |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$1.17M | USD | Annual |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$304.00K | USD | Annual |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-330.00K | USD | Annual |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-523.00K | USD | Annual |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-49.00K | USD | Annual |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$45.00K | USD | Annual |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-199.00K | USD | Annual |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$475.00K | USD | Annual |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-737.00K | USD | Annual |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$372.00K | USD | Annual |
| Marketable securities |
IncreaseDecreaseInMarketableSecuritiesRestricted
|
$-666.00K | USD | Annual |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$64.00K | USD | Annual |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-23.00K | USD | Annual |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$2.23M | USD | Annual |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-2.04M | USD | Annual |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$244.00K | USD | Annual |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$159.00K | USD | Annual |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-815.00K | USD | Annual |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$439.00K | USD | Annual |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$320.00K | USD | Annual |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$2.07M | USD | Annual |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$28.32M | USD | Annual |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$27.93M | USD | Annual |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$43.93M | USD | Annual |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$23.48M | USD | Annual |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$5.76M | USD | Annual |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$10.54M | USD | Annual |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$1.42M | USD | Annual |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$625.00K | USD | Annual |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$906.00K | USD | Annual |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$529.00K | USD | Annual |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$37.00K | USD | Annual |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$674.00K | USD | Annual |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$274.00K | USD | Annual |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$152.00K | USD | Annual |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$-1.46M | USD | Annual |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$1.37M | USD | Annual |
| Notes receivable issued |
PaymentsToAcquireNotesReceivable
|
$600.00K | USD | Annual |
| Notes receivable issued |
PaymentsToAcquireNotesReceivable
|
$51.00K | USD | Annual |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-55.30M | USD | Annual |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-25.77M | USD | Annual |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$1.94M | USD | Annual |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$1.67M | USD | Annual |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$319.00K | USD | Annual |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$64.00K | USD | Annual |
| Reinvested proceeds from investment certificates |
ProceedsFromSaleAndMaturityOfOtherInvestments
|
$17.00K | USD | Annual |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$117.00K | USD | Annual |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$35.00K | USD | Annual |
| Proceeds from issuance of mortgage notes payable and unsubordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$36.38M | USD | Annual |
| Proceeds from issuance of mortgage notes payable and unsubordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$24.54M | USD | Annual |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$7.90M | USD | Annual |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$27.16M | USD | Annual |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$16.30M | USD | Annual |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$29.63M | USD | Annual |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$13.21M | USD | Annual |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$32.73M | USD | Annual |
| Proceeds from contributions received from noncontrolling interest - partially owned properties |
ProceedsFromMinorityShareholders
|
$5.12M | USD | Annual |
| Proceeds from issuance of common shares |
ProceedsFromIssuanceOfCommonStock
|
$25.75M | USD | Annual |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.89M | USD | Annual |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.78M | USD | Annual |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$2.55M | USD | Annual |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$4.90M | USD | Annual |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$15.94M | USD | Annual |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$14.13M | USD | Annual |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
$1.33M | USD | Annual |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$3.27M | USD | Annual |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$14.17M | USD | Annual |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-13.21M | USD | Annual |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$5.82M | USD | Annual |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$13.85M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.46M | 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
|
$13.85M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.46M | 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
|
$16.25M | USD | Annual |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$12.39M | USD | Annual |
| Dividends reinvested |
DistributionsReinvested
|
$4.16M | USD | Annual |
| Dividends reinvested |
DistributionsReinvested
|
$3.24M | USD | Annual |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.26M | USD | Annual |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.76M | USD | Annual |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.29M | USD | Annual |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.56M | USD | Annual |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$87.00K | USD | Annual |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$700.00K | USD | Annual |
| Stock issued pursuant to trustee compensation plan |
StockIssued1
|
$23.00K | USD | Annual |
| Stock issued pursuant to trustee compensation plan |
StockIssued1
|
$56.00K | USD | Annual |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$11.23M | USD | Annual |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$16.77M | USD | Annual |
| Contributed assets in real estate venture |
ContributionOfProperty
|
$1.32M | USD | Annual |
| Purchase of subsidiary ownership from noncontrolling interest in exchange for the issuance of noncontrolling interest units in UPREIT |
PurchaseOfSubsidiaryOwnershipInExchangeForIssuanceOfNoncontrollingInterest
|
$810.00K | USD | Annual |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$850.00K | USD | Annual |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$172.00K | USD | Annual |
| Unrealized gain (loss) on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$53.00K | USD | Annual |
| Unrealized gain (loss) on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$-37.00K | USD | Annual |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$67.81M | USD | Annual |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$45.83M | USD | Annual |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$2.64M | USD | Annual |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$2.05M | USD | Annual |
| Capitalized interest related to construction in progress |
InterestCostsCapitalized
|
$71.00K | USD | Annual |
| Capitalized interest related to construction in progress |
InterestCostsCapitalized
|
$224.00K | USD | Annual |
| Construction in progress with new financing |
NoncashOrPartNoncashAcquisitionValueOfConstructionInProgress
|
$3.42M | USD | Annual |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$213.00K | USD | Annual |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$1.07M | USD | Annual |
Stockholders Equity
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | 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
|
7.58M | shares | Point-in-time |
| Issuance of common shares |
StockIssuedDuringPeriodValueNewIssues
|
$25.75M | USD | Annual |
| Shares issued pursuant to trustee compensation plan |
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
$23.00K | USD | Annual |
| Shares issued pursuant to trustee compensation plan |
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
$56.00K | USD | Annual |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$17.46M | USD | Annual |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$11.23M | USD | Annual |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$2.55M | USD | Annual |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$4.90M | USD | Annual |
| Dividends declared |
DividendsCommonStockCash
|
$17.90M | USD | Annual |
| Dividends declared |
DividendsCommonStockCash
|
$20.86M | USD | Annual |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$3.24M | USD | Annual |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$4.16M | USD | Annual |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$1.78M | USD | Annual |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$1.89M | USD | Annual |
| Syndication costs |
SyndicationCosts
|
$1.33M | USD | Annual |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$53.00K | USD | Annual |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$37.00K | USD | Annual |
| Distributions paid to consolidated real estate entity noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$11.00K | USD | Annual |
| Contributions from consolidated real estate entity noncontrolling interests |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$5.12M | USD | Annual |
| Purchase of subsidary ownership from noncontrolling interest |
PurchaseOfSubsidiaryOwnershipFromNoncontrollingInterest
|
$-709.00K | USD | Annual |
| Net income |
ProfitLoss
|
$9.30M | USD | Annual |
| Net income |
ProfitLoss
|
$11.38M | USD | Annual |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.21M | 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
|
7.58M | shares | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.