10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-16-007673 |
| Period End Date | 20160630 |
| Filing Date | 20160808 |
| Fiscal Year | 2016 |
| Fiscal Period | Q2 |
| XBRL Instance | sret-20160630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$1.36M | USD | Point-in-time |
| Accumulated amortization on financing and lease cost |
AccumulatedAmortizationDeferredFinanceCosts
|
$1.54M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$9.27M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$609.87M | USD | Point-in-time |
| Real estate investments |
RealEstateInvestmentPropertyNet
|
$594.51M | USD | Point-in-time |
| Accumulated amortization on intangible assets |
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
$7.66M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.46M | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$803.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.37M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$643.00K | USD | Point-in-time |
| Accumulated amortization on unfavorable leases |
DeferredRevenueLeasesAccumulatedAmortization
|
$973.00K | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$5.33M | USD | Point-in-time |
| Restricted deposits and funded reserves |
RestrictedCashAndCashEquivalents
|
$6.12M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$9.02M | USD | Point-in-time |
| Investment in unconsolidated affiliates |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$8.90M | 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
|
$4.11M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$844.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$988.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$651.00K | USD | Point-in-time |
| Notes receivable |
NotesReceivableGross
|
$663.00K | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,542 in 2016 and $1,356 in 2015 |
DeferredFinanceCostsNet
|
$1.14M | USD | Point-in-time |
| Financing and lease costs, less accumulated amortization of $1,542 in 2016 and $1,356 in 2015 |
DeferredFinanceCostsNet
|
$1.24M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$1.72M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $9,265 in 2016 and $7,655 in 2015 |
IntangibleAssetsNetExcludingGoodwill
|
$17.46M | USD | Point-in-time |
| Intangible assets, less accumulated amortization of $9,265 in 2016 and $7,655 in 2015 |
IntangibleAssetsNetExcludingGoodwill
|
$18.18M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$25.00K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$140.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$642.38M | USD | Point-in-time |
| Total Assets |
Assets
|
$668.24M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$379.91M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$396.39M | USD | Point-in-time |
| Lines of credit |
LineOfCredit
|
- | USD | Point-in-time |
| Special assessments payable |
SpecialAssessmentBond
|
$1.57M | 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
|
$5.73M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.25M | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrentAndNoncurrent
|
$440.00K | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.83M | USD | Point-in-time |
| Tenant security deposits payable |
SecurityDepositLiability
|
$3.76M | USD | Point-in-time |
| Subordinated debt |
SubordinatedDebt
|
$200.00K | USD | Point-in-time |
| Subordinated debt |
SubordinatedDebt
|
$225.00K | USD | Point-in-time |
| Lease intangible liabilities, less accumulated amortization of $973 in 2016 and $803 in 2015 |
OffMarketLeaseUnfavorable
|
$2.23M | USD | Point-in-time |
| Lease intangible liabilities, less accumulated amortization of $973 in 2016 and $803 in 2015 |
OffMarketLeaseUnfavorable
|
$2.25M | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$439.00K | USD | Point-in-time |
| Accounts payable-trade |
AccountsPayableTradeCurrentAndNoncurrent
|
$819.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$6.00K | USD | Point-in-time |
| Retainage payable |
RetentionPayable
|
$125.00K | 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
|
$223.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$118.00K | USD | Point-in-time |
| Deferred insurance proceeds |
OtherDeferredCreditsCurrent
|
$69.00K | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$6.63M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$5.45M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$401.95M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$417.58M | 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
|
$154.81M | USD | Point-in-time |
| Noncontrolling interest in operating partnership |
MinorityInterestInOperatingPartnerships
|
$163.92M | USD | Point-in-time |
| Noncontrolling interest in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$4.54M | USD | Point-in-time |
| Noncontrolling interest in partially owned properties |
MinorityInterestInPartiallyOwnedProperties
|
$4.21M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$82.75M | USD | Point-in-time |
| Beneficial interest |
StockholdersEquityAttributableToParentBeneficialInterest
|
$81.30M | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-219.00K | USD | Point-in-time |
| Accumulated comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-223.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$250.66M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$642.38M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$668.24M | USD | Point-in-time |
Income Statement
136 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$25.50M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$45.08M | USD | 2 Qtrs |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$22.84M | USD | 1 Quarter |
| Real estate rental income |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$50.71M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$1.55M | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$1.30M | USD | 2 Qtrs |
| Tenant reimbursements |
TenantReimbursements
|
$711.00K | USD | 1 Quarter |
| Tenant reimbursements |
TenantReimbursements
|
$3.02M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$46.38M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$23.55M | USD | 1 Quarter |
| Total income from rental operations |
RealEstateRevenueNet
|
$53.73M | USD | 2 Qtrs |
| Total income from rental operations |
RealEstateRevenueNet
|
$27.05M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$4.05M | USD | 1 Quarter |
| Interest |
FinancingInterestExpense
|
$8.15M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$9.10M | USD | 2 Qtrs |
| Interest |
FinancingInterestExpense
|
$4.56M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$4.19M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$8.30M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$11.24M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.60M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$3.51M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$4.66M | USD | 2 Qtrs |
| Real estate taxes |
RealEstateTaxExpense
|
$2.34M | USD | 1 Quarter |
| Real estate taxes |
RealEstateTaxExpense
|
$1.61M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$4.67M | USD | 2 Qtrs |
| Property management fees |
OwnedPropertyManagementCosts
|
$2.76M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$2.34M | USD | 1 Quarter |
| Property management fees |
OwnedPropertyManagementCosts
|
$5.33M | USD | 2 Qtrs |
| Utilities |
UtilitiesCosts
|
$3.85M | USD | 2 Qtrs |
| Utilities |
UtilitiesCosts
|
$1.81M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$1.75M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$4.01M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$3.73M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$7.02M | USD | 2 Qtrs |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$5.26M | USD | 1 Quarter |
| Repairs and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$9.41M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$335.00K | USD | 1 Quarter |
| Insurance |
RealEstateInsurance
|
$683.00K | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$1.14M | USD | 2 Qtrs |
| Insurance |
RealEstateInsurance
|
$542.00K | USD | 1 Quarter |
| Loss on lease termination |
GainLossOnContractTermination
|
$-274.00K | USD | 1 Quarter |
| Loss on lease termination |
GainLossOnContractTermination
|
$-274.00K | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$18.21M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRevenue
|
$36.64M | USD | 2 Qtrs |
| Total expenses from rental operations |
CostOfRevenue
|
$22.93M | USD | 1 Quarter |
| Total expenses from rental operations |
CostOfRevenue
|
$44.70M | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$230.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$131.00K | USD | 1 Quarter |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$176.00K | USD | 2 Qtrs |
| Administrative expenses |
GeneralAndAdministrativeExpense
|
$98.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$1.15M | USD | 2 Qtrs |
| Advisory fees |
AdvisoryManagementFees
|
$659.00K | USD | 1 Quarter |
| Advisory fees |
AdvisoryManagementFees
|
$1.30M | USD | 2 Qtrs |
| Advisory fees |
AdvisoryManagementFees
|
$578.00K | USD | 1 Quarter |
| 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
|
$515.00K | USD | 1 Quarter |
| Acquisition and disposition expenses |
AcquisitionAndDispositionRelatedExpenses
|
$1.23M | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$12.00K | USD | 1 Quarter |
| Trustee fees |
TrusteeFees
|
$23.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$33.00K | USD | 2 Qtrs |
| Trustee fees |
TrusteeFees
|
$11.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$86.00K | USD | 1 Quarter |
| Legal and accounting |
ProfessionalFees
|
$260.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$333.00K | USD | 2 Qtrs |
| Legal and accounting |
ProfessionalFees
|
$78.00K | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$1.39M | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$3.05M | USD | 2 Qtrs |
| Total Administration of REIT |
OperatingExpenses
|
$1.05M | USD | 1 Quarter |
| Total Administration of REIT |
OperatingExpenses
|
$2.49M | USD | 2 Qtrs |
| Total expenses |
CostsAndExpenses
|
$19.27M | USD | 1 Quarter |
| Total expenses |
CostsAndExpenses
|
$47.76M | USD | 2 Qtrs |
| Total expenses |
CostsAndExpenses
|
$39.13M | USD | 2 Qtrs |
| Total expenses |
CostsAndExpenses
|
$24.33M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$7.25M | USD | 2 Qtrs |
| Income from operations |
OperatingIncomeLoss
|
$2.72M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$4.29M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$5.98M | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$522.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$282.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$487.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$275.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$38.00K | USD | 2 Qtrs |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$22.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$17.00K | USD | 1 Quarter |
| Dividend and interest income |
InterestAndDividendIncomeOperating
|
$31.00K | USD | 2 Qtrs |
| Loss on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-320.00K | USD | 2 Qtrs |
| Loss on sale of real estate investments |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-316.00K | USD | 1 Quarter |
| Gain (Loss) on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$11.00K | USD | 2 Qtrs |
| Gain (Loss) on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$8.00K | USD | 1 Quarter |
| Gain (Loss) on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$-137.00K | USD | 2 Qtrs |
| Gain (Loss) on involuntary conversion |
GainLossOnInvoluntaryConversions
|
$11.00K | 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 (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$-11.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$103.00K | USD | 2 Qtrs |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$309.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpenseIncludingIncomeLossFromEquityMethodInvestments
|
$528.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.71M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$6.08M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$5.31M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$4.29M | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$2.04M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest in operating partnership |
NoncontrollingInterestInNetIncomeLossOperatingPartnerships
|
$3.08M | USD | 1 Quarter |
| Net income attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-326.00K | USD | 2 Qtrs |
| Net income attributable to noncontrolling interest in partially owned properties |
NoncontrollingInterestInNetIncomeLossPartiallyOwnedProperties
|
$-171.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.11M | USD | 2 Qtrs |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$839.00K | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$1.51M | USD | 1 Quarter |
| Net income attributable to Sterling Real Estate Trust |
NetIncomeLoss
|
$2.46M | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.36 | USD | 2 Qtrs |
| Net income per common share, basic and diluted |
EarningsPerShareBasicAndDiluted
|
$0.27 | 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
|
$0.11 | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.71M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$6.08M | USD | 2 Qtrs |
| Other comprehensive loss - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$28.00K | USD | 1 Quarter |
| Other comprehensive loss - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-4.00K | USD | 2 Qtrs |
| Other comprehensive loss - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$9.00K | USD | 1 Quarter |
| Other comprehensive loss - change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$2.71M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$7.79M | USD | 2 Qtrs |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$4.62M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$6.08M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest - Operating Partnership |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.32M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest - Operating Partnership |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.97M | USD | 2 Qtrs |
| Comprehensive income attributable to noncontrolling interest - Operating Partnership |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$3.10M | USD | 1 Quarter |
| Comprehensive income attributable to noncontrolling interest - Operating Partnership |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.87M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$1.52M | USD | 1 Quarter |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$2.47M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$2.11M | USD | 2 Qtrs |
| Comprehensive income attributable to Sterling Real Estate Trust |
ComprehensiveIncomeNetOfTax
|
$841.00K | USD | 1 Quarter |
Cash Flow Statement
117 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.71M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$6.08M | USD | 2 Qtrs |
| Loss on sale of real estate |
GainLossOnSaleOfProperties
|
$-320.00K | USD | 2 Qtrs |
| Loss on involuntary conversion |
GainOnBusinessInterruptionInsuranceRecovery
|
$-137.00K | USD | 2 Qtrs |
| Loss on lease termination |
GainLossOnContractTermination
|
$-274.00K | USD | 1 Quarter |
| Loss on lease termination |
GainLossOnContractTermination
|
$-274.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$522.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$282.00K | USD | 1 Quarter |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$487.00K | USD | 2 Qtrs |
| Equity in income of unconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$275.00K | USD | 1 Quarter |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$519.00K | USD | 2 Qtrs |
| Distributions of earnings of unconsolidated affiliates |
EquityMethodInvestmentDividendsOrDistributions
|
$487.00K | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$7.62M | USD | 2 Qtrs |
| Depreciation |
Depreciation
|
$4.66M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.85M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$9.26M | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$1.93M | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$681.00K | USD | 2 Qtrs |
| Interest on debt issuance costs |
AmortizationOfFinancingCosts
|
$312.00K | USD | 2 Qtrs |
| Interest on debt issuance costs |
AmortizationOfFinancingCosts
|
$339.00K | USD | 2 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$71.00K | USD | 2 Qtrs |
| Restricted deposits - tenant security deposits |
IncreaseDecreaseInDepositOtherAssets
|
$721.00K | USD | 2 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-1.04M | USD | 2 Qtrs |
| Restricted deposits - real estate tax and insurance escrows |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-606.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-109.00K | USD | 2 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-60.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-104.00K | USD | 2 Qtrs |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$53.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$130.00K | USD | 2 Qtrs |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$144.00K | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-115.00K | USD | 2 Qtrs |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-20.00K | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-2.04M | USD | 2 Qtrs |
| Due to related party |
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
$-71.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$68.00K | USD | 2 Qtrs |
| Tenant security deposits payable |
IncreaseDecreaseInSecurityDeposits
|
$127.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-645.00K | USD | 2 Qtrs |
| Accounts payable - trade |
IncreaseDecreaseInAccountsPayable
|
$-582.00K | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.24M | USD | 2 Qtrs |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.51M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$12.81M | USD | 2 Qtrs |
| NET CASH PROVIDED BY OPERATING ACTIVITIES |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$16.95M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$4.54M | USD | 2 Qtrs |
| Purchase of real estate investment properties |
PaymentsToAcquireAndDevelopRealEstate
|
$5.54M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$3.94M | USD | 2 Qtrs |
| Capital expenditures and tenant improvements |
PaymentsForLeasingCostsCommissionsAndTenantImprovements
|
$2.51M | USD | 2 Qtrs |
| Proceeds from sale of real estate investments |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$1.40M | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$258.00K | USD | 2 Qtrs |
| Proceeds from involuntary conversion |
ProceedsFromInsuranceForInvoluntaryConversions
|
$10.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$67.00K | USD | 2 Qtrs |
| Investment in unconsolidated affiliates |
PaymentsToAcquireEquityMethodInvestments
|
$35.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$196.00K | USD | 2 Qtrs |
| Distributions in excess of earnings received from unconsolidated affiliates |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$184.00K | USD | 2 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$-245.00K | USD | 2 Qtrs |
| Restricted deposits - replacement reserve escrows |
IncreaseDecreaseInRestrictedCash
|
$-1.22M | USD | 2 Qtrs |
| Notes receivable issued |
PaymentsToAcquireNotesReceivable
|
$16.00K | USD | 2 Qtrs |
| Notes receivable payments received |
ProceedsFromCollectionOfNotesReceivable
|
$4.00K | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-5.67M | USD | 2 Qtrs |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-7.46M | USD | 2 Qtrs |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$420.00K | USD | 2 Qtrs |
| Payments for financing and lease costs |
PaymentsOfFinancingCosts
|
$581.00K | USD | 2 Qtrs |
| Payments on investment certificates |
PaymentsOnInvestmentCertificates
|
$174.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$66.00K | USD | 2 Qtrs |
| Principal payments on special assessments payable |
PrincipalPaymentsOnSpecialAssessmentsPayable
|
$161.00K | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$19.46M | USD | 2 Qtrs |
| Proceeds from issuance of mortgage notes payable and subordinated debt |
ProceedsFromIssuanceOfLongTermDebt
|
$9.64M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$6.27M | USD | 2 Qtrs |
| Principal payments on mortgage notes payable |
RepaymentsOfLongTermDebt
|
$10.29M | USD | 2 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$6.67M | USD | 2 Qtrs |
| Advances on lines of credit |
ProceedsFromLinesOfCredit
|
$9.63M | USD | 2 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$6.67M | USD | 2 Qtrs |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$26.05M | 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
|
$840.00K | USD | 2 Qtrs |
| Proceeds from issuance of shares under optional purchase plan |
ProceedsFromIssuanceOfSharesUnderOptionalPurchasePlan
|
$1.09M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.10M | USD | 2 Qtrs |
| Shares/units redeemed |
PaymentsForRepurchaseOfCommonStock
|
$1.28M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$7.67M | USD | 2 Qtrs |
| Dividends/distributions paid |
PaymentsOfDividendsCommonStock
|
$8.62M | USD | 2 Qtrs |
| Payment of syndication costs |
PaymentOfSyndicationCosts
|
$1.33M | USD | 2 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-1.41M | USD | 2 Qtrs |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$3.80M | USD | 2 Qtrs |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$13.29M | 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
|
$6.46M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$19.75M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.37M | 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
|
$6.46M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$19.75M | 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
|
$643.00K | USD | Point-in-time |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$9.10M | USD | 2 Qtrs |
| Cash paid during the period for interest, net of capitalized interest |
InterestPaid
|
$7.70M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$1.96M | USD | 2 Qtrs |
| Dividends reinvested |
DistributionsReinvested
|
$2.32M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.73M | USD | 2 Qtrs |
| Dividends declared and not paid |
DistributionsDeclaredAndNotPaid
|
$1.87M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.86M | USD | 2 Qtrs |
| UPREIT distributions declared and not paid |
SubsidiaryDistributionsDeclaredAndNotPaid
|
$3.48M | USD | 2 Qtrs |
| UPREIT units converted to REIT common shares |
SubsidiaryUnitsConvertedToParentCommonSharesSupplementaryScheduleOfNoncashInvestingAndFinancingActivities
|
$144.00K | USD | 2 Qtrs |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$13.38M | USD | 2 Qtrs |
| Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT |
AcquisitionOfAssetsInExchangeForIssuanceOfNoncontrollingInterestShares
|
$6.05M | USD | 2 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$47.00K | USD | 2 Qtrs |
| Increase in land improvements due to increase in special assessments payable |
IncreaseInLandImprovementsDueToIncreaseInSpecialAssessmentsPayable
|
$70.00K | USD | 2 Qtrs |
| Unrealized gain (loss) on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$17.00K | USD | 2 Qtrs |
| Unrealized gain (loss) on interest rate swaps |
UnrealizedGainLossOnDerivatives
|
$-4.00K | USD | 2 Qtrs |
| Acquisition of assets with new financing |
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
$2.66M | 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
|
$25.00K | USD | 2 Qtrs |
| Acquisition of assets through assumption of debt and liabilities |
NoncashOrPartNoncashAcquisitionDebtLiabilitiesAndPropertiesPurchasedAssumed1
|
$370.00K | USD | 2 Qtrs |
| Capitalized interest and real estate taxes related to construction in progress |
RealEstateConstructionInProgressCostOfCapitalizedInterestAndRealEstateTaxes
|
$32.00K | USD | 2 Qtrs |
| Capitalized interest and real estate taxes related to construction in progress |
RealEstateConstructionInProgressCostOfCapitalizedInterestAndRealEstateTaxes
|
$62.00K | USD | 2 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$2.96M | USD | 2 Qtrs |
| Acquisition of assets with accounts payable |
NoncashOrPartNoncashAcquisitionPayablesAssumed1
|
$513.00K | USD | 2 Qtrs |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$250.66M | USD | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
7.78M | shares | Point-in-time |
| Beginning Balance (in shares) |
CommonStockSharesOutstanding
|
7.58M | shares | Point-in-time |
| Contribution of assets in exchange for the issuance of noncontrolling interest shares |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
$13.38M | USD | 2 Qtrs |
| Shares/units redeemed |
StockRepurchasedDuringPeriodValue
|
$1.28M | USD | 2 Qtrs |
| Dividends declared |
DividendsCommonStockCash
|
$11.35M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend |
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
$2.32M | USD | 2 Qtrs |
| Dividends reinvested - stock dividend (in shares) |
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
155,000.00 | shares | 2 Qtrs |
| Dividends reinvested - stock dividend (in shares) |
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
135,000.00 | shares | 2 Qtrs |
| Issuance of shares under optional purchase plan |
StockIssuedDuringPeriodValueStockPurchasePlan
|
$1.09M | USD | 2 Qtrs |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$28.00K | USD | 1 Quarter |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-4.00K | USD | 2 Qtrs |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$9.00K | USD | 1 Quarter |
| Change in fair value of interest rate swaps |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$17.00K | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$7.77M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$4.60M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$2.71M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$6.08M | USD | 2 Qtrs |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$240.43M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$250.66M | USD | Point-in-time |
| Ending balance (in shares) |
CommonStockSharesOutstanding
|
7.78M | 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.